Contract

Print Article Print Article

A legally enforceable agreement between two or more parties. To be valid, a real estate contract must be dated, in writing, include a consideration, have a description of the property, the place and date of delivery of the deed, and spell out all terms and conditions that were mutually agreed upon. It also must be executed (signed) by the buyer and seller.


© RISMedia 2010. All Rights Reserved -- Realtor Websites & Real Estate Marketing with 1ParkPlace.com