1. REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the. Send a For Sale By Owner prospecting letter to neighbors in 3 simple steps.Learn how to generate leads for your FSBO campaign. In the event of a sale, the Seller will sign a sales contract enforceable in the Commonwealth of Virginia. 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. Get a comprehensive understanding of Virginia real estate purchase and sale agreements with our indepth overview and free template. Virginia Free Letter of Intent ( LOI ) Template. Utilize our Letter of Intent to formally express your desire to buy a product or service. Complete honesty can help close the deal and smooth the sale process. What is difference between letter of intent and offer letter?