When it comes to filling out a real estate purchase agreement, several key players are involved: buyers, sellers, real estate agents, and attorneys. Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this.I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. Seller shall convey and Purchaser shall accept fee simple title to the. A business sale agreement is a legal document that describes and records the price and other details when a business owner sells the business. A sales and purchase agreement (SPA) is a legal contract that outlines the terms of a transaction and binds an agreement between a buyer and seller. We'll discuss seller financing for business and how it works, as well as highlight the pros and cons for both buyers and sellers.