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[Music] a nevada residential purchase agreement is a document that contains all of the terms and conditions of a transaction involving the sale of a home once signed by both the buyer and the seller it legally binds them to the contract which outlines the purchase price financing plan and the rights and responsibilities of both parties in this video well cover how a residential purchase agreement works legal requirements in nevada and what you need to create one worry forms the biggest online database for legal documents stick around and well tell you where you can find an official residential purchase agreement specific to nevada first lets review how does a residential purchase agreement exactly work when making an offer on a home the buyer presents a residential purchase agreement to the seller it states how much the buyer is willing to pay for it how that will be financed when the offer will expire and any contingencies that must be met before the deal is closed it may take some