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. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. When it comes to filling out a real estate purchase agreement, several key players are involved: buyers, sellers, real estate agents, and attorneys. Learn about real estate purchase agreements and review tips for agents to protect buyers with well-prepared real estate contracts and negotiations. Navigate your real estate purchase with confidence. Discover essential steps, from hiring a lawyer to closing, for a smooth transaction. A purchase agreement is a contract between the buyer and seller of a home. It contains all the rules that apply to the sale. A real estate attorney (usually for the buyer) draws up the real estate purchase contract, also referred to as a contract of sale, once an offer is accepted.