When it comes to real estate transactions, a purchase agreement is a crucial document that outlines the terms and conditions of the sale. However, it`s worth noting that the purchase agreement goes by different names, depending on the region or the specific use case.

Here are some other names for purchase agreement that you might come across:

1. Sales Contract: This name is particularly common in the United States. A sales contract is a legally binding document that outlines the terms and conditions of the sale, including the purchase price, financing arrangements, contingencies, and deadlines.

2. Purchase Contract: This name is similar to sales contract, and the two terms are often used interchangeably. A purchase contract is a written agreement that establishes the terms and conditions of the purchase, including the payment terms, warranties, and other important details.

3. Offer to Purchase: In some cases, a purchase agreement may be referred to as an offer to purchase. This name highlights the fact that the document represents an offer made by the buyer to the seller, which may be accepted, rejected, or negotiated.

4. Sale Deed: In India, a purchase agreement is often referred to as a sale deed. This document contains the details of the real estate transaction, including the sale price, the payment terms, and the transfer of ownership.

5. Agreement of Sale: This name is more commonly used in Commonwealth countries like Australia, Canada, and the United Kingdom. An agreement of sale is a legal agreement that outlines the terms and conditions of the sale, including the sale price, the payment terms, and the conditions for the transfer of ownership.

6. Contract of Sale: This name is similar to agreement of sale and is often used interchangeably. A contract of sale is a legally binding document that establishes the terms and conditions of the sale, including the purchase price, the payment terms, and the rights and obligations of the buyer and the seller.

In conclusion, a purchase agreement is a vital document in any real estate transaction, and it goes by different names depending on the location and use case. Regardless of its name, it`s essential to have a clear and well-written purchase agreement to ensure a successful and legally binding transaction.