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[1] A contract of sale is consensual because the contract is perfected by mere consent. This is different from a real contract (perfected by delivery). Paras (2008) explains that a real contract is one perfected by delivery and he gives, as example, a contract of deposit or commodatum.
Rather than receive title to the home up front, the buyer would sign a Uniform Real Estate Contract (also known as an installment contract, or a contract for deed), pursuant to which the buyer would move into the home and make payments to the seller over time.
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