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Purchase and Sale Agreement	A written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold. The Purchase and Sale Agreement is a written contract that is signed by the buyer and seller. It states the terms and conditions under which a property will be sold. It includes: -- description of property, -- price offered, -- down payment, -- earnest money deposit, -- financing, -- personal items to be included, -- closing date, -- occupancy date, -- length of time the offer is valid, -- special contingencies, and -- inspection.
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