Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller certain improved real property commonly known as. The following City-owned parcels and properties are currently available for purchase.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. When to transfer a vehicle title into your name. After you buy or receive a vehicle as a gift, you have 15 days to transfer the ownership into your name. THIS OFFER TO PURCHASE REAL PROPERTY (the "Offer") is entered into between.