Glossary · Buying & selling
What is Agreement of purchase and sale?
An agreement of purchase and sale is the binding contract that sets out the terms of a home purchase.
Definition
Also known as: APS, Offer
This contract spells out the price, deposit, closing date, included items, and any conditions. Once signed by both parties, it's legally binding, so it's important to understand every clause before agreeing.
A real estate professional and lawyer help ensure the agreement protects your interests and reflects what you've negotiated.
When agreement of purchase and sale matters
- Making or accepting an offer on a home
- Setting out conditions and terms
- Protecting your interests in a deal
With Homeprint
How Homeprint helps with agreement of purchase and sale
Homeprint keeps your purchase documents organized and secure from the moment you sign.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Agreement of purchase and sale — FAQ
Keep learning
Related terms
Own your home with confidence
Create your free Homeprint account and bring everything about your home together.