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. SALE AND PURCHASE: ("Seller") and. The Seller agrees to sell, and the Purchaser agrees to purchase, the Property, in accordance with the following terms and provisions. A simple For Sale By Owner contract in Florida must mention the purchase price, down payment, and closing date. I cover important topics such as buyer and seller contact information, financing options, inspection periods, prorations, and legal standards.