The Arkansas Real Estate Contract Residential form is used by buyers and sellers of residential property in Arkansas to formalize the terms of a real estate transaction. It records the agreed purchase price, the legal description of the property, and the full names and addresses of both parties.
The contract covers contingencies that must be satisfied before the sale can close. Common contingencies in an Arkansas residential real estate contract include mortgage approval, a satisfactory home inspection, and the property appraising at or above the purchase price. Both parties set deadlines for each contingency in this document.
Sellers in Arkansas must provide a property disclosure form detailing known defects and the condition of major systems. This contract references and incorporates those disclosures. For related documents, see the Real Estate Purchase Agreement and the Real Estate Disclosure Statement.
| Question | Answer |
|---|---|
| Form Name | Arkansas Real Estate Contract Residential Form |
| Form Length | 12 pages |
| Fillable? | Yes |
| Fillable fields | 124 |
| Avg. time to fill out | 27 min 52 sec |
| Other names | arkansas real estate contract pdf, arkansas real estate contract, real estate offer and acceptance form, real estate offer and acceptance form arkansas |