The parties to this agreement to convey real estate agree as follows: 1. Description of Property.Send a For Sale By Owner prospecting letter to neighbors in 3 simple steps. Learn how to generate leads for your FSBO campaign. THIS OFFER TO PURCHASE REAL PROPERTY (the "Offer") is entered into between. Michigan Free Letter of Intent ( LOI ) Template. Utilize our Letter of Intent to formally express your desire to buy a product or service. A simple, one-page cover letter is crucial to explaining your offer's basic details. It will help the average person see past any confusion they might have. A Michigan residential purchase agreement is a contract outlining all the terms and conditions of a residential property sale between the buyer and the seller.