In fulfilling the contract, the parties must complete the following sections: The Mississippi Sales Contract is a formal contract that comes into effect when two parties sell residential real estate. If a person wants to acquire a house that is on the market, they will use the sales contract to make an offer to the seller. The agreement should include the purchase price offered by the buyer, credit-specific data and the amount of payment of serious money. Ultimately, it is up to the seller to decide whether he accepts the contractual provisions or whether he wishes to make a counter-proposal that adds the provisions he wants. If both parties reach a compromise, they can conclude the transaction by completing the signature part of the form….