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[Music] a minnesota residential purchase agreement is a contract that legally winds the buyer and seller of a home to the terms and conditions of the transaction that includes the purchase price deposit financing options expiration date and more in this video well cover how a residential purchase agreement works the legal requirements in minnesota and what youll 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 minnesota first lets review how does a residential purchase agreement exactly work the residential purchase agreement ensures that both the buyer and the seller are on the same page with regard to all aspects of the transaction in addition to outlining all of the terms and conditions as well as the rights and responsibilities of both parties it typically also includes any contingencies that must be met before the deal is closed once an agreeme