The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. 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 sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. Free Real Estate Purchase Agreement. Answer a few simple questions. A purchase agreement is a contract between the buyer and seller of a home. It contains all the rules that apply to the sale. 9k views 5 years ago Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. Write down the seller's full name.