A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. If you are looking for an experienced real estate attorney in Coral Springs, FL to review or draft your purchase agreements, call us at 954-979-6566.SALE AND PURCHASE: ("Seller") and. A simple For Sale By Owner contract in Florida must mention the purchase price, down payment, and closing date. The purchase agreement outlines the buyer's offer price, along with contingencies, financing terms, closing costs, possession date, and more.