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[Music] a utah residential purchase agreement is a legally binding contract between the buyer and the seller of a home it details all of the important terms and conditions of the transaction including the purchase price financing options expiration dates as well as the rights and responsibilities of both parties in this video well cover how a residential purchase agreement works the legal requirements in utah 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 utah first lets review how does a residential purchase agreement exactly work the residential purchase agreement initially acts as a written offer from a prospective buyer to the seller of a house it states how much the buyer is willing to pay for it how the transaction will be financed what contingencies must be met before closing the deal and more it may take some negotiation betwee