In a real estate transaction, what document details the agreements between buyer and seller?

The purchase agreement is the key document that outlines the terms and conditions agreed upon by the buyer and seller in a real estate transaction. This contract details critical information such as the sale price, property description, contingencies, and the responsibilities of both parties involved in the transaction. It serves as the foundation for the sale, guiding both the transfer of ownership and the financial arrangements. This document is legally binding, ensuring that both parties adhere to the agreed-upon terms.

The other documents mentioned have specific roles but do not primarily serve to establish the terms of the sale between the buyer and seller. The escrow agreement typically outlines the instructions for handling funds and documents held in escrow until the transaction concludes. The mortgage contract deals with the borrowing of funds and the terms associated with the repayment of a loan for the property, affecting only the buyer's financing aspect. The title order form is used to initiate the title search and title insurance process, but it does not detail the agreements between the buyer and seller. Thus, the purchase agreement is the comprehensive document that encapsulates the crucial agreements in the transaction.