Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 23. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here.Get a comprehensive understanding of Florida real estate purchase and sale agreements with our indepth overview and free template. A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or initialed.