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So, youre in the final stages of buying or selling a home and youre about to get down to the nitty-gritty. Youre going to have to sign a sale and purchase agreement which is a very important document. A sale and purchase agreement is a legally binding document between you and the other party who is either buying your property or selling you theirs. So, what do you need to know? Put simply, the sale and purchase agreement sets out the terms and conditions of the sale. This will include everything from the settlement date, to the deposit amount the buyer will need to pay, to the chattels being sold with the property - like curtains, dishwashers, stoves, etc. This next part is important: make absolutely sure you read everything carefully and seek legal advice before signing anything. Once youve signed, youre locked in, so it pays to be as thorough as you possibly can. A buyer will often have conditions they need to be met. For example, a buyer might only agree to buy a home on the c