Get a comprehensive understanding of Arizona real estate purchase and sale agreements with our indepth overview and free template. Confirm your ability to obtain insurance and insurability of the property during the inspection period with your insurance agent (see Sections 6a and 6e).An Arizona residential purchase agreement is a legal document outlining the terms and conditions for a buyer's purchase of residential property from a seller. Download a free Arizona residential purchase agreement template outlining terms for buying and selling property. This video covers the basics on how to write a Residential Purchase Contract for real estate in the state of Arizona. An Arizona purchase agreement facilitates the sale of real estate for an agreedupon price between the buyer and seller. The Arizona Association of REALTORS® does not give legal or tax advice. An Arizona purchase agreement facilitates the sale of real estate for an agreedupon price between the buyer and seller. A For Sale By Owner contract Arizona must include: 1. The Purchase Price, 2.