The parties to this agreement to convey real estate agree as follows: 1. Description of Property.THIS OFFER TO PURCHASE REAL PROPERTY (the "Offer") is entered into between. 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. If the acceptance was subject to changes from Buyer's offer, Buyer agrees to accept those changes, all other terms and conditions remaining unchanged. It outlines the terms and conditions of the sale, including details about the buyer, seller, property, price, and closing date. Get a comprehensive understanding of Michigan real estate purchase and sale agreements with our indepth overview and free template. B) the SELLER refuses or is unable to complete a sale pursuant to the terms of a duly executed Offer To Purchase, Purchase Agreement,. Filling out this agreement is straightforward. A For Sale By Owner contract contains the terms and conditions of your home sale.