This document reveals to the buyer information regarding the existence of lead paint in the residence. A Texas purchase agreement solidifies the terms of sale for a residential property.Create real estate purchase agreements quickly using pre-defined and automated contract templates. Closing of purchase of the real property. (7) PUBLIC IMPROVEMENT DISTRICTS: If the Property is in a public improvement district,. Streamline your real estate transactions in Texas with our customizable purchase agreement. Ensure legal compliance and purchase or sell properties. Get a comprehensive understanding of Texas real estate purchase and sale agreements with our indepth overview and free template. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.