The document is used to indicate the buyer`s offer and, after acceptance of the offer by the seller, act as a legally binding agreement between the two (2) parties. Before a written offer can be made, the seller must provide the buyer with a condition report mentioning all the main problems related to the property. If Seller does not provide the report prior to receipt of a written offer, Buyer may terminate its offer by notifying Seller or its representative within three (3) days of personal receipt of the report or six (6) days after filing the report. The South Dakota sales contract provides the details related to the sale of a home for financial compensation. The content of the written protocol confirms the name of the buyer and seller, the residential address, the purchase price, the contingencies, the terms and the closing date. When a price agreement is reached, a sales contract (also known as a sales contract or contract for the deed) is usually signed by the parties. . . .