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[Music] a new york residential purchase agreement is a document that plays a crucial role in the purchase or sale of a home it legally binds the buyer and the seller to a set of terms and conditions guiding the transaction such as the offer price the closing date and any contingencies that must be met in this video well cover how a residential purchase agreement works the legal requirements in new york whether you can back out of a purchase agreement and what to include in your agreement or e-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 new york first lets review how does a residential purchase agreement exactly work typically a prospective buyer in new york makes an offer on a house by filling out an offer form if accepted by the seller the residential purchase agreement comes next outlining the terms of the transaction in detail it states how much the buyer is willing
