Although a New York contract includes very little statutorily driven language, other state-specific issues affect many provisions of the contract. Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this.A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. With our free Sales Agreement form, you'll be ready to print or download your contract in no time. Under New York Law, a contract for the sale for real property must be in writing; thus a verbal offer creates no binding obligation upon either party. Notice of Lending forms can be purchased at stationery stores that carry legal forms.