Scrape the old putty off gently with a putty knife. Scrape it along the bottom sash and up several inches along both sides of the window.
Dip a cloth in the raw or boiled linseed oil and coat the sash with it. Use a dry cloth to wipe off any excess oil.
Allow boiled linseed oil to dry overnight. Allow raw linseed oil to dry and cure for several weeks. The exact length of time it takes to dry depends on how thickly you applied the oil. When fully dry, it should not feel sticky to the touch.
Apply a glazing compound to the space. Use a caulking gun to apply a line of caulking compound designed specifically for glazing windows. Allow the compound to get on the window up to 1/16 of an inch up the pane for waterproofing.
Allow the glazing compound to dry for two to three days.
Dip a clean paintbrush into a can of exterior primer and apply it to the sash. Allow it to dry completely before painting the sash with an exterior house paint.