"Offer to Purchase Real Estate Form" - Arkansas

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Arkansas Offer to Purchase Real Estate Form
This Offer to Purchase Real Estate (hereinafter referred to as the “Offer to
Purchase”) is entered into as of ___________________ by and between:
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Purchaser”),
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Seller”),
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Broker”),
collectively referred to as the “Parties,” all of whom agree to be bound by this Offer to
Purchase.
1. Property. The property (hereinafter referred to as the “Property”) is described as
follows:
_____________________________________________________________________
Property Address
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
Property Description
2. Offer to Purchase. The Buyer offers to purchase from the Seller Property
identified above. The Buyers proposes the following terms:
_______________________________
_______________________________
Offered Purchase Price
Balance Due at Closing
_______________________________
_______________________________
Down Payment/Earnest Money Deposit
Proposed Closing Date
3. Details. Personal property items and fixtures to be included in the sale of this
Property include the following:
_____________________________________________________________________
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Arkansas Offer to Purchase Real Estate Form
This Offer to Purchase Real Estate (hereinafter referred to as the “Offer to
Purchase”) is entered into as of ___________________ by and between:
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Purchaser”),
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Seller”),
________________________, with a mailing address of _________________
_______________________________________________________________
(hereinafter referred to as the “Broker”),
collectively referred to as the “Parties,” all of whom agree to be bound by this Offer to
Purchase.
1. Property. The property (hereinafter referred to as the “Property”) is described as
follows:
_____________________________________________________________________
Property Address
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
Property Description
2. Offer to Purchase. The Buyer offers to purchase from the Seller Property
identified above. The Buyers proposes the following terms:
_______________________________
_______________________________
Offered Purchase Price
Balance Due at Closing
_______________________________
_______________________________
Down Payment/Earnest Money Deposit
Proposed Closing Date
3. Details. Personal property items and fixtures to be included in the sale of this
Property include the following:
_____________________________________________________________________
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Which Party is to pay for an inspection of the Property?
Buyer
Seller
No inspection
Which party is to pay for a roof inspection?
Buyer
Seller
No inspection
Which Party is to pay for a termite inspection?
Buyer
Seller
No inspection
4. Additional Terms. Additional terms to be included in the sale of this Property
include:
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
5. Acknowledgments. The Parties agree that this document is an Offer to Purchase. If
this Offer to Purchase is acceptable to the Seller, the Seller shall sign and return a
copy of this form, thereby acknowledging acceptance of the terms set forth in this
Offer to Purchase. The Seller shall then present to the Buyer a Real Estate Purchase
Agreement and other sale documents within _________ days after the date of
acceptance of this Offer reflecting the terms set forth in this Offer. The Real Estate
Purchase Agreement shall be signed by the Buyer within ____________ days after
receipt of said Real Estate Purchase Agreement, unless such Real Estate Purchase
Agreement provides for a different time frame.
The Seller(s) agree that the subject Property is to be sold free and clear of all
encumbrances, by good and marketable title, with full possession of said property
available to Potential Buyer(s) upon closing of the transaction.
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6. Expiration. The Seller shall have until ____________ on ___________________
to accept this Offer to Purchase, unless it is sooner withdrawn. Acceptance shall not
be effective until a copy of this document is signed by the Seller and received by the
Buyer. If this Offer to Purchase is not accepted by the date set forth above, it shall
lapse and be of no further effect, and the down payment/earnest money paid or
tendered to the Seller (if any) shall be refunded to Buyer.
This Offer to Purchase is subject to Buyer obtaining a real estate loan or other
financing for the balance of the purchase price indicated above. Should the Potential
Buyer fail to obtain such loan or financing within _________ days of the date that the
parties enter into a Real Estate Purchase Agreement (or some other period of time as
set forth in such Real Estate Purchase Agreement), then the transaction shall be
terminated and the down payment/earnest money paid or tendered to the Seller (if
any) shall be refunded to the Buyer.
7. Entire Agreement. The Parties acknowledge and agree that this Offer to Purchase
represents the entire agreement between the Parties. In the event that the Parties desire
to change, add, or otherwise modify any terms, they shall do so in writing to be signed
by both Parties.
The Parties agree to the terms and conditions set forth above as demonstrated by their
signatures as follows:
___________________
___________________
___________________
Buyer’s Name
Seller’s Name
Broker’s Name
___________________
___________________
___________________
Buyer’s Signature
Seller’s Signature
Broker’s Signature
___________________
___________________
___________________
Buyer’s Phone
Seller’s Phone
Broker’s Phone
___________________
___________________
___________________
Buyer’s Email
Seller’s Email
Broker’s Email
___________________
___________________
___________________
Date
Date
Date
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