Selling property contract template
of Seller. If all or a substantial portion of the improvements on the property are destroyed or damaged prior to the closing and transfer of title this agreement shall be void able at Purchaser’s option and in the event Purchaser elects to avoid this agreement the earnest money deposited shall be promptly refunded. 7. A Contract of Sale of Real Property is a contract between two or more parties in which the seller agrees to sell and the buyer agrees to buy a real property. The contract outlines the terms and conditions for the sale and purchase of the property. The property in this contract includes land, houses and any type of building.