An Agreement to Purchase Real Estate, also known as a Purchase and Sale Agreement, is a legally binding document that outlines the terms and conditions of a real estate transaction. It outlines the purchase price, closing date, contingencies, and other important details of the transaction. It is signed by both the buyer and seller and is usually accompanied by a deposit. There are two main types of Agreement to Purchase Real Estate: a residential Agreement to Purchase Real Estate and a commercial Agreement to Purchase Real Estate. A residential Agreement to Purchase Real Estate is used when a buyer is purchasing a home or other residential property. It outlines the purchase price, closing date, contingencies, and other details of the transaction. It also outlines the seller's rights and obligations, as well as the buyer's rights and obligations. A commercial Agreement to Purchase Real Estate is used when a buyer is purchasing commercial property. It outlines the purchase price, closing date, contingencies, and other details of the transaction. It also outlines the seller's rights and obligations, as well as the buyer's rights and obligations. Furthermore, it also includes additional clauses that are applicable to commercial real estate transactions, such as zoning laws, environmental laws, and tenant laws.