On the other hand, if you sell a property, a serious agreement form ensures that you can completely sketch out the terms of down payments and sale before the buyer commits. If the buyer backs down for a reason that is not described in the serious agreement form, you as a seller can keep the accounting for the time and money you may have already spent on the transaction. A serious agreement form allows a buyer and seller to document their common terms for the transfer of real estate, and it can ultimately help them conclude the purchase and sale of the property. It also helps protect money at both ends of the transaction, including the buyer`s bond and the seller`s property value. .