This form is a Contract for the sale of real estate for use in Arkansas. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Little Rock Arkansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Arkansas
City:
Little Rock
Control #:
AR-00472
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Arkansas Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
How to write a real estate purchase agreement. Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.
Most purchase agreements in real estate are contingent on two items - The home inspection and mortgage financing contingencies.
A sale agreement should include all important details regarding the exchange. This includes aspects such as payment method and date, expected or actual delivery date, price and order quotes, and the date the order was submitted. The sale agreement letter should take both parties' interests into consideration.
5 tips for selling your home without a realtor in Arkansas Make minor repairs. Small upgrades and repairs can do a lot to sway potential buyers.Price your Arkansas home competitively.Stage and market your home.Prepare for showings.Negotiate for the best possible price.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
A draft contract is an agreement that's not finalized. During the process of a property transaction, for instance, the first agreement is called the draft contract. The precise terms and wording also have not been agreed to by all sides.
How do I write a Sales Agreement? Specify your location.Provide the buyer's and seller's information.Describe the goods and services.State the price and deposit details (if applicable)Outline payment details.Provide delivery terms.Include liability details.State if there's a warranty on the goods.