The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Read this stepbystep guide to find out everything about buying a home in New York.Many of the steps in purchasing a new construction home are similar to purchasing a resale, such as signing a contract and securing a loan. THIS AGREEMENT made this day of , between , a New York corporation having an office at , ("Seller") and , residing at ("Purchaser"). PREMISES. A new construction purchase and sale agreement or sales contract is similar to a resale contract but applies to a newly built home. Streamline your real estate transactions in New York with our purchase agreement. Ensure legal compliance and confidently purchase or sell properties.