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Purchase and sale agreement (PSA)
Purchase and sale agreement (PSA)
Max Ball avatar
Written by Max Ball
Updated over a week ago

A purchase and sale agreement is commonly referred to a written contract between the buyer and seller, which outlines the terms of the parties to sell and purchase real property.

When a home is “under contract” it usually signifies that the Buyer and Seller have formalized their commitment to sell and purchase the real property.

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