The purchase agreement outlines the buyer's offer price, along with contingencies, financing terms, closing costs, possession date, and more. Jim is selling his real estate to Wayne.The contract allows Wayne to have a 30 day inspection period to include physical inspection of the real estate. 1. Vendors shall submit all claims for payment on their regular billing invoice form. Navigate your real estate purchase with confidence. Discover essential steps, from hiring a lawyer to closing, for a smooth transaction. Buyer agrees to buy and Seller agrees to sell that certain parcel of real property situate in the Village of. Acceptance: The Seller's acceptance of any order is expressly subject to Buyer's assent to each and all of the terms and conditions set forth below. 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.