Madison County Purchasers Agreement (Cash Terms) Form (Arkansas)
All Madison County specific forms and documents listed below are included in your immediate download package:
Purchasers Agreement (Cash) Form
Fill in the blank Purchasers Agreement (Cash) form formatted to comply with all Arkansas recording and content requirements.
Included Madison County compliant document last validated/updated 7/24/2024
Purchasers Agreement (Cash) Guide
Line by line guide explaining every blank on the Purchasers Agreement (Cash) form.
Included Madison County compliant document last validated/updated 9/19/2024
Completed Example of the Purchasers Agreement (Cash) Document
Example of a properly completed Arkansas Purchasers Agreement (Cash) document for reference.
Included Madison County compliant document last validated/updated 6/26/2024
The following Arkansas and Madison County supplemental forms are included as a courtesy with your order:
When using these Purchasers Agreement (Cash Terms) forms, the subject real estate must be physically located in Madison County. The executed documents should then be recorded in the following office:
Madison County Circuit Clerk
201 West Main St / PO Box 626, Huntsville, Arkansas 72740
Hours: 8:00 to 4:30 M-F
Phone: (479) 738-2215
Local jurisdictions located in Madison County include:
- Combs
- Hindsville
- Huntsville
- Kingston
- Pettigrew
- Saint Paul
- Wesley
- Witter
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Madison County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Madison County using our eRecording service.
Are these forms guaranteed to be recordable in Madison County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Madison County including margin requirements, content requirements, font and font size requirements.
Can the Purchasers Agreement (Cash Terms) forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Madison County that you need to transfer you would only need to order our forms once for all of your properties in Madison County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Arkansas or Madison County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Madison County Purchasers Agreement (Cash Terms) forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
A cash "Purchaser's Agreement" in Arkansas is used in real estate transactions when the buyer intends to pay the entire purchase price with cash rather than financing the purchase through a mortgage or other lending methods. This type of agreement can be used in various scenarios, making it a versatile and often attractive option for both buyers and sellers. Here’s when and why a cash purchaser's agreement might be used:
Examples:
Quick Closings: Cash transactions are typically faster than those involving financing. Without the need to secure mortgage approval, the closing process can be streamlined significantly. This is particularly appealing in competitive real estate markets where a quick close can be a deciding factor for a seller accepting an offer.
Investment Purchases: Investors often prefer cash purchases to simplify acquisitions and avoid the complexities and potential delays of loan approvals. Cash deals also often allow investors to be more competitive with offers, particularly in hot markets or for properties that might not qualify for traditional financing due to condition or other factors.
Estate Sales or Properties in Probate: When a property is being sold by an estate, the parties involved often prefer cash transactions to simplify the sale process and settle the estate more quickly.
Distressed Properties: Homes that require significant repairs might not qualify for standard mortgages. Cash buyers are typically better positioned to purchase such properties, often at a discount, with the intention of renovating and possibly reselling them.
Auctions: Properties sold at auction are often required to be purchased with cash. Buyers at auctions must be prepared to pay on the spot, making cash transactions common in this context.
Market Conditions: In a seller's market, buyers might opt for cash purchases to make their bids more attractive compared to other potential buyers who might require financing. Sellers are often more likely to choose a cash offer over others due to the decreased likelihood of transaction failures.
Advantages of Using a Cash Purchaser's Agreement
Simplicity and Speed: Without the need to deal with lenders, appraisals, and bank approvals, the transaction is much simpler and faster.
Reduced Closing Costs: Buyers save on many of the fees associated with mortgage loans, such as loan origination fees, appraisal fees, and some of the administrative costs.
Stronger Negotiating Position: Cash offers are often seen as more secure by sellers because they are not contingent on the buyer securing a mortgage. This can give buyers a significant advantage in negotiations.
For use in Arkansas only
Our Promise
The documents you receive here will meet, or exceed, the Madison County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
Save Time and Money
Get your Madison County Purchasers Agreement (Cash Terms) form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.
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