There are many other elements that can involve buyers and sellers in a contractual agreement. These elements are something that gives clarity to the agreement. Each admission also serves as an additional measure of legal protection for both parties. Here are some other contractual elements you might encounter: The document is required at some point if you are buying one property from another. This is a legal form that you will eventually come across during the home buying process. When buying a home, there are countless steps in the process, all of which pass before the simple sales contract template can be filled in with the information the document needs. First, you need to work with a broker to find the desired home (a process that can take weeks or months, depending on what you`re looking for and what real estate is available).