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. An Arizona purchase agreement facilitates the sale of real estate for an agreedupon price between the buyer and seller.Confirm your ability to obtain insurance and insurability of the property during the inspection period with your insurance agent (see Sections 6a and 6e). Get a comprehensive understanding of Arizona real estate purchase and sale agreements with our indepth overview and free template. Download a free Arizona residential purchase agreement template outlining terms for buying and selling property. How do I fill this out? Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. How to properly fill out the Arizona Association of Realtors Resale Purchase Contract using Dotloop.