Massachusetts Home Buying – Is the Purchase and Sale Deposit the Same as the Down Payment? Being a Massachusetts home buyer is a bit different than buying in some other parts of the country. Here in Massachusetts we have a two part contract system. It consists of the “Offer to Purchase” and the “Purchase and Sale Agreement.” Initially, at the offer stage it is customary to put a deposit of $500 to $1,000 along with the offer Ten days to two weeks after the offer comes the Pu