The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Purchase and Sale Agreement.A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. 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. Typically, Lenders require a 3-month review of all bank accounts. Listing Agreement and MLS Printout Sheet Your real estate agent can provide this to you. Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22.