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A contract of sale can be a sale or an agreement to sell. In a contract of sale, when there is an actual sale of goods, it is known as Sale whereas if there is an intention to sell the goods at a certain time in future or some conditions are satisfied, it is called an Agreement to sell.
In a Sale Purchase agreement, the buyer pays the full price of the item upfront and takes ownership of it immediately. In a Hire Purchase agreement, the buyer makes payments to the seller over time, with the option to buy the item at the end of the payment period. Hire Purchase is a type of installment plan.
An offer to purchase is also commonly referred to as an agreement of purchase and sale. An offer to purchase (or agreement of purchase and sale) outlines the terms upon which the buyer agrees to purchase the property from the seller.
The most common residential offer form in North Carolina is the Offer to Purchase and Contract (Form No. 2-T), jointly approved by the N.C. Bar Association and NC REALTORS. Many standard addenda forms also are available to add provisions of special importance to the parties.
A purchase agreement is the final document used to transfer a property from the seller to the buyer, while a purchase and sale agreement specifies the terms of the transaction. Parties will sign a purchase agreement after both parties have complied with the terms of the purchase and sale agreement.
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An offer to purchase and contract NC is an agreement between two parties within the realm of realty in North Carolina. These contracts begin with an offer and become legally binding once the offer is accepted.
Agreement for Purchase and Sale of Real Property (Standard Form 580-T): This type of contract is used for the sale and purchase of commercial real estate and can be used for any form and format of commercial property, including vacant land to be developed commercially and commercial properties that are either owner-
Both sale and agreement to sell are contracts. Legally, these two terms are not the same. Sale is the transfer of ownership from a seller to the buyer for a determined price. Agreement to sell is also a transfer of ownership, but at a future date or when specified conditions are met.

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