We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it.A purchase agreement is a type of contract that outlines terms and conditions related to the sale of goods. When it comes to filling out a real estate purchase agreement, several key players are involved: buyers, sellers, real estate agents, and attorneys. This article examines the ins and outs of backing out of unsigned versus signed contracts on properties in New York State and examines how to mitigate risks. The parties to this Agreement execute and implement this. Agreement solely as Seller and Buyer. (hereinafter "buyer"), and.