Real Estate - Sale Agreement or Sale Contract:

If you want to buy a property and the seller agrees to sell his property, you have to put an agreement with the seller or a sale contract. Once the seller accepts the offer of the buyer, it is advisable to put a sale contract because neither you nor the seller can withdraw from your standpoint.

If the sales contract is made and if the buyer or seller denies in performing the contract the aggrieved party may sue against the other party to perform the contract.

Sale Deed:

When all the terms and conditions of the sale agreement are satisfied, you have to draft the sale deed for the sale of the property.

A Sale deed consists of the following:

• Date
• Name, age, and addresses of the seller and the buyer
• The purpose of making the deed
• Description of the property
• Amount paid by the buyer
• The property is free from all the encumbrances
• Date and signature of the parties
• Name, age, addresses, signature of the witnesses

You have to register the sale deed.

Consult your attorney for drafting of the sale deed.

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