REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the County or City of. This NEW HOME SALES CONTRACT ("Contract") is made on.("Date of Offer") between. 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. 1. REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the. This sales contract ("Contract") is offered on. Section 55.1357 of the Virginia Code establishes that every contract for the sale of a new dwelling in Virginia includes an implied warranty. A new construction purchase and sale agreement or sales contract is similar to a resale contract but applies to a newly built home.