What is a sales agreement?
A sales agreement is a private document in which one of the contracting parties, in this case the seller, undertakes to hand over a residential property while the purchaser undertakes to pay a specified price for said property.
The agreement is completely valid and is legally binding on both parties from the moment of signing, even though the property has not been handed over. The agreement will eventually be converted into a public deed before a notary.
A sales agreement is a private document in which one of the contracting parties, in this case the seller, undertakes to hand over a residential property while the purchaser undertakes to pay a specified price for said property.
The agreement is completely valid and is legally binding on both parties from the moment of signing, even though the property has not been handed over. The agreement will eventually be converted into a public deed before a notary.
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