Send a For Sale By Owner prospecting letter to neighbors in 3 simple steps. Learn how to generate leads for your FSBO campaign.Step 1: Initial Details. A land purchase contract outlines a transaction between a seller who agrees to sell raw land to a buyer for an agreed-upon sales price. Use a template: Find a land sale agreement template online or consult a legal professional. What is difference between letter of intent and offer letter? When do you need a LOI in Real Estate? 3. Property. Fill out the street (physical) address of the property the buyer is purchasing. Include any unit or apartment number, if applicable. Sellers can spend weeks or months prepping their homes for sale while buyers use various tactics to make sure their offer stands out.