A Real Estate Purchase Contract (or a REPC), also known as "an offer to purchase" or "purchase agreement", is a legally binding contract that sets forth the terms and conditions of the purchase and sale of the agreed upon real estate property. The terms and conditions must be agreed to and signed by both the seller(s) and the buyer(s). Buyers and sellers generally get legal advise while working on and accepting this agreement.

This contract contains information such as: the present owner's name(s) and address, buyer's name(s) and address, address and description of the real estate that is being bought/sold, purchase price, transaction dates such as the closing date, home inspection finishing date, also, what is and is not in the property, terms and conditions acceptable to all parties, contingencies, issues regarding escrow monies, closing costs, and much much more.