No matter where you live, a contract for the sale of a home contains six specific things that make it valid and enforceable. The parties must be mentally competent and of legal age to agree on a binding contract. They must negotiate terms that are legal and set out the specific obligations of each party. A valuable counterpart like money is in exchange and there must be both an offer of conditions by one party and their acceptance by the other party. While many parts of your contract are quite simple, for example. B the price you pay and when the conclusion takes place, other parts of the sales contract may be a bit confusing, especially for first-time home buyers. Make sure you understand the entire sales agreement before you sign it. A disclosure is a statement or appendix to a sales contract that discloses information about the property. .