A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. The form includes essential information such as the purchase price, financing terms, and desired contingencies.In today's video, we'll take a closer look at the Florida Real Estate Purchase And Sale Agreement. Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22. The Florida residential purchase and sale agreement is a contract between a buyer and seller that details the buyer's offer to purchase residential property. (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or initialed. Get a comprehensive understanding of Florida real estate purchase and sale agreements with our indepth overview and free template.