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[Music] a kentucky residential purchase agreement contract legally binds the buyer and seller of a residential property to the terms and conditions of the transaction it states the purchase price the financing closing date and the rights and responsibilities of both parties in this video well cover how a residential purchase agreement works the legal requirements in kentucky 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 kentucky first lets review how does a residential purchase agreement exactly work when a prospective buyer is interested in purchasing a home they will make an offer to the seller by presenting a residential purchase agreement outlining how much they are willing to pay for it how theyre going to finance it as well as contingencies that must be satisfied by the seller after reviewing the contract the seller can either