Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here.A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. This document is a residential sale and purchase contract. The Seller agrees to sell, and the Purchaser agrees to purchase, the Property, in accordance with the following terms and provisions. Our real estate experts have helped break down the most common areas where real estate purchase offers can go awry and what to read closely before you sign. Getting ready to write an offer for a house? In this video, I show you how to fill out the As-Is contract to purchase a home. You make an offer to the seller. Use a normal real estate purchase agreement, and just indicate as one of the conditions that you are buying the property subject to the existing mortgage.