Though it be buying or selling it is the most important decision for everyone. The sales of any estate that are real are initiated by the buyer to the seller. Whenever the seller accepts the offer both the seller and the buyer are bound to sign a contract.
It is a very simple agreement that is legally done. In this agreement the seller receives money from the buyer to get some exclusive rights to purchase a property piece from the seller for a decided price and for decided terms. It is dual sided contract as it has commitments that both the parties have to complete. It is a contract to either purchase or sale properties on real estates. Any of the property that is land, building, or any other resources that are natural can be used for property turn over. It consists of both business properties as well as residential properties.
The contract has all the needed details of the property as well as the offer amount, full name of both buyer and seller, all terms and conditions, the closing date of sale of the property and other legal needful. It acts as the legal proof of all agreements between the two parties. It is made by real property agents or attorneys. It is very much important for you to understand all the intricate details of this and then apply to property turnover sheet as it will than clear all your doubts and grievances.