Description of Property. Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller certain improved real property commonly known as.Get a comprehensive understanding of Michigan real estate purchase and sale agreements with our indepth overview and free template. Seller owns and desires to sell to Purchaser and Purchaser desires to purchase from Seller the Property as further defined hereinafter. 2. Download Michigan Sales Agreement template, modify and send for signing using BoloForms Signature. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. 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. At a bare minimum, a binding purchase agreement for real estate in Michigan must be in writing and must include all of the following essential terms:. THIS OFFER TO PURCHASE REAL PROPERTY (the "Offer") is entered into between.