We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. All the forms listed below are PDF files, which require use of either Adobe Acrobat or the free Adobe Acrobat Reader programs.We can help you draft, review, and negotiate residential contracts that protect you from potential risks and disputes. Any document that names the parties to the transaction, identifies the property, and states the price will suffice as a real estate purchase and sales contract. When you purchased your home this year, you inherited the seller's exemption status for the current tax year.