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.There are some more nuanced items you should be sure to include in your real estate purchase contract, including the financing terms and closing date. A. Arrange for payoff of loans. The seller should advise its bank of the projected closing date and request a pay-off letter. These terms will be included in the offer, which is typically a one-page form. You promised to hold that offer open for 14 days. The New York residential purchase agreement is a document that allows a buyer to make a written offer to a seller for a residential property. So why do you want to sell and miss out on owning a piece of the Big Apple? Need something else?