A sale agreement is more than a document confirming that a buyer and seller have agreed on a price. Once signed, it can create binding obligations between the parties. If important terms have been misunderstood, omitted or poorly drafted, resolving the resulting dispute can be far more difficult than addressing the issue before the agreement is signed. This is particularly important in property transactions, where substantial sums of money are often involved and completion may require several legal and administrative steps. Whether you are buying or selling property, the agreement deserves careful attention before you put your signature on it. The Purchase Price Is Only One Part of the Agreement Most buyers and sellers naturally focus on the purchase price. That is understandable. However, the price is only one term among many that determine how the transaction will work. The agreement should establish matters such as how and when payment will be made, the deposit required, the ...