Arkansas Sample Letter for Agreement for the Purchase and Sale of Property

• Category: Letters - Legal - Property
• State: Multi-State
• Control #: US-0187LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Agreement for the Purchase and Sale of Property Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to express my keen interest in purchasing the property located at [Property Address]. After careful consideration and inspection, I believe this property aligns perfectly with my needs and aspirations. This letter serves as a formal agreement between [Buyer's Name] and [Seller's Name] for the purchase and sale of the aforementioned property in accordance with the laws and regulations of the state of Arkansas. The details of the agreement are as follows: 1. Purchase Price: The agreed-upon purchase price for the property is $[Purchase Price], payable in the following manner: a. Down Payment: An initial down payment of $[Down Payment Amount] shall be made upon the acceptance of this agreement. b. Remaining Balance: The remaining balance of $[Remaining Balance Amount] shall be paid in full at closing by [Closing Method]. 2. Property Description: The property that is the subject of this agreement is legally described as [Property Description — include details like lot size, building specifications, and amenities]. 3. Inspections: [Include clause regarding inspections, such as a stipulation that the buyer may conduct a property inspection within a specified timeframe and negotiate repairs or credits if necessary.] 4. Contingencies: This agreement is contingent upon the successful [mention any contingencies, like obtaining financing or conducting appraisal of the property]. 5. Closing Details: The closing of this transaction shall be scheduled to take place no later than [Closing Date]. The location and time of closing shall be mutually agreed upon by both parties. 6. Seller's Representations: The seller represents that they have good and marketable title to the property and that there are no liens, encumbrances, or claims against the property that would hinder the sale. 7. Buyer's Representations: The buyer represents that they have reviewed any and all property disclosures provided by the seller and that they acknowledge and accept the property in its current "as-is" condition, except as otherwise specified in this agreement. 8. Governing Law: This agreement shall be governed by and construed in accordance with the laws of the state of Arkansas. 9. Entire Agreement: This letter, along with any attachments or addendums, constitutes the entire agreement between the buyer and seller, superseding any prior discussions, negotiations, or written or verbal agreements. If you agree to the terms and conditions outlined above, please sign and return a copy of this letter to indicate your acceptance. This agreement shall remain in effect until [Specific Expiration Date], unless terminated or extended by written agreement between the parties involved. Should you have any questions or require clarifications, please do not hesitate to contact me at the provided contact information. Thank you for considering my offer. I look forward to your prompt response and working towards a smooth and successful transaction. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Agreement for the Purchase and Sale of Property Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to express my keen interest in purchasing the property located at [Property Address]. After careful consideration and inspection, I believe this property aligns perfectly with my needs and aspirations. This letter serves as a formal agreement between [Buyer's Name] and [Seller's Name] for the purchase and sale of the aforementioned property in accordance with the laws and regulations of the state of Arkansas. The details of the agreement are as follows: 1. Purchase Price: The agreed-upon purchase price for the property is $[Purchase Price], payable in the following manner: a. Down Payment: An initial down payment of $[Down Payment Amount] shall be made upon the acceptance of this agreement. b. Remaining Balance: The remaining balance of $[Remaining Balance Amount] shall be paid in full at closing by [Closing Method]. 2. Property Description: The property that is the subject of this agreement is legally described as [Property Description — include details like lot size, building specifications, and amenities]. 3. Inspections: [Include clause regarding inspections, such as a stipulation that the buyer may conduct a property inspection within a specified timeframe and negotiate repairs or credits if necessary.] 4. Contingencies: This agreement is contingent upon the successful [mention any contingencies, like obtaining financing or conducting appraisal of the property]. 5. Closing Details: The closing of this transaction shall be scheduled to take place no later than [Closing Date]. The location and time of closing shall be mutually agreed upon by both parties. 6. Seller's Representations: The seller represents that they have good and marketable title to the property and that there are no liens, encumbrances, or claims against the property that would hinder the sale. 7. Buyer's Representations: The buyer represents that they have reviewed any and all property disclosures provided by the seller and that they acknowledge and accept the property in its current "as-is" condition, except as otherwise specified in this agreement. 8. Governing Law: This agreement shall be governed by and construed in accordance with the laws of the state of Arkansas. 9. Entire Agreement: This letter, along with any attachments or addendums, constitutes the entire agreement between the buyer and seller, superseding any prior discussions, negotiations, or written or verbal agreements. If you agree to the terms and conditions outlined above, please sign and return a copy of this letter to indicate your acceptance. This agreement shall remain in effect until [Specific Expiration Date], unless terminated or extended by written agreement between the parties involved. Should you have any questions or require clarifications, please do not hesitate to contact me at the provided contact information. Thank you for considering my offer. I look forward to your prompt response and working towards a smooth and successful transaction. Sincerely, [Your Name]