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New York Residential Real Estate Purchase and Sale Agreement

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New York Residential Real Estate Purchase and Sale Agreement

Updated September 20, 2023

A New York residential real estate purchase and sale agreement include the terms of a transaction involving real estate between a buyer and a seller. The buyer will use the agreement to make an offer for acceptance by the seller. The seller will choose to accept, reject, or make a counter-offer. Prior to acceptance, the buyer must be issued a Property Disclosure Statement that gives certain information known by the seller about the property.

Table of Contents

Other Versions (2)

New York Assoc. of Realtors Purchase Agreement

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New York City BAR Purchase Agreement

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Disclosures (2)

Lead-Based Paint Disclosure – If the residence was built prior to 1978 the seller must give potential buyers a disclosure statement that describes the presence of lead-based paint on the property.

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Property Condition Disclosure Statement (§ 462) – The seller of a residence must fill out this form and give it to potential buyers. On the form, the seller will describe the residence’s various utilities and the condition of the property, including any defects. According to State law, if the seller does not provide this disclosure at the time of signing the buyer shall be credited with $500 at closing.

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Commercial Property

Commercial Purchase AgreementUse to buy or sell any type of commercial property.

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