A Florida residential purchase agreement outlines the terms of a transaction between the seller of residential property and the buyer. Buyer's Initials ______ ______.Page. 1. Definitions, 1. 2. Subject of Sale, 4. 3. INSTRUCTIONS: Complete the attached contract. Submit an original copy as well as an electronic copy. We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. Seller will use option (1) in Palm Beach County and option (2) in Miami-Dade County. How to Draft a For Sale By Owner Contract in Florida? 1. Gather Essential Information 2.