A short purchase and sale agreement for commercial real property located in California favoring the purchaser. 1.1. Sale of Property.We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. Purchaser shall pay Seller the purchase price ("Purchase Price") set forth in Schedule C attached hereto, subject to the terms and conditions of this contract.