Seller should assume Buyer will usually find some basis to do so, hence may seek an increase in the Deposit in exchange for the extension. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.We've included a lengthy, typical NYC real estate purchase contract geared towards new development for your review below. Real Estate Purchase Agreement Lawyer near King, ON. Get in contact with our team today if you require an Agreement of Purchase and Sale. When you are included in the lien sale, the City of New York sells your debt to an authorized buyer. The buyer then has the right to collect what you owe. THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of.