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- California Real Estate Purchase Agreement and Sale Agreement explained, plus free template. Ever wondered what a Real Estate Purchase and Sale Agreement is? It will typically capture the essential terms and conditions that govern the sale, including the agreed-upon sales price, parties involved, closing date, et cetera. While there is most certainly more information out there, the information in this video will give you a solid framework if you hope to purchase a real estate in California. (upbeat music) (bell tinkling) California Residential Purchase Agreements. Put simply, a California Residential Purchase Agreements includes all of the details of conditions and terms surrounding the purchase of real estate. In many cases, a prospective buyer or a designated agent will present the document to the seller as an offer. The seller can then choose to accept the terms that have been laid out or may alternatively choose to negotiate them after which the deal will be signed and accepted. W
