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[Music] a missouri residential purchase agreement is a legally binding contract between the buyer and the seller of a home it outlines the agreed upon purchase price financing options expiration date and the rights and responsibilities of both parties in this video well cover how a residential purchase agreement works the legal requirements in missouri and what you need to create one where he 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 missouri first lets review how does a residential purchase agreement exactly work an official offer is made to the seller of a home by presenting a residential purchase agreement it states how much the buyer is willing to pay for it how they will finance it and any contingencies that must be met for the contract to stay in good standing typically it takes some negotiation between the buyer and the seller to agree on all parts of the cont