Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Purchase Agreement Purchase Agreement November 9, 2021 A written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold.You Might Also Like: All Things CommunityReviewing Random Acts of Kindness 2023 Everyday MoneyWhat are ACH Payments and How Do They Work? Family MattersFun Games to Teach Kids About Money Everyday MoneyWhat is the Difference Between a Credit Card and a Debit Card? Family MattersBudget Friendly Easter Basket Ideas