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.Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22. Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, subject to the terms, covenants and conditions set forth herein. Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. Get a comprehensive understanding of Florida real estate purchase and sale agreements with our indepth overview and free template.