REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.Use a Virginia residential purchase agreement to navigate the complexities of home buying or selling. Download a template here. This sales contract ("Contract") is offered on. ("Date of Offer") between. Get a comprehensive understanding of Virginia real estate purchase and sale agreements with our indepth overview and free template. BROKER'S FEE Seller irrevocably instructs Settlement Agent to pay Broker compensation ("Broker's. This Purchase and Sale Agreement is made and entered into this 18 day of August, 2011, between 12061 BLUEMONT OWNER, LLC, a Delaware limited liability company. Create your real estate purchase agreement in Virginia using our free customizable template.