The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of.A New York residential purchase agreement outlines the terms of a transaction between the buyer and the seller of a residential property. Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. The primary purpose of a New York real estate purchase agreement template is to provide a clear, legally binding framework for property transactions. The form includes information about the buyer and seller, purchase price, earnest money deposit, closing date, and any additional terms of sale. Get a comprehensive understanding of New York real estate purchase and sale agreements with our indepth overview and free template. The New York residential purchase and sale agreement allows a prospective homeowner to make a written offer to a seller on a residential property.