Real Estate Home Sales Package with Offer to Purchase, Contract of Sale, Disclosure Statements and more for Residential House - Arkansas 2025

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If a buyer fails to get a mortgage secured by the date specified in the agreement; the home inspection shows that serious repairs are needed, or if it is revealed that the seller didnt disclose major issues with the property, a prospective buyer can usually terminate the purchase agreement without a problem.
Arkansas has no law that requires you to give a formal disclosure statement to a potential buyer of your house. In fact, Arkansas courts enforce caveat emptor clauses in purchase contracts.
A strong purchase agreement will include: Buyer and seller names and contact information. Description of goods, services, or property being purchased. Payment amount, dates, and method.
The closing process is the final step in executing a real estate transaction. This step occurs after the execution of the PS by the buyer and seller. The closing will be done in person where the buyer will sit down with their real estate attorney to sign and review a number of documents.
A purchase and sale agreement is used to document the parties intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.
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A standard purchase agreement includes this information: Name and contact information for the buyers and sellers. The propertys address, description, and other key details. The total purchase price, including any fees and deposits.

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