Your Property Guide

Property glossary

What is Contract of Sale?

The legally binding document that sets out the terms and conditions of a property sale, including the purchase price, settlement date, deposit amount, and any special conditions (e.g. subject to finance, building inspection). Prepared by the vendor's solicitor or conveyancer.

Go deeper

How to choose a selling agent

Interview process, the appraisal-price trap, and the listing agreement.