An Arizona land contract facilitates a transaction between a buyer and a seller for raw land. The contract acts as an offer from the buyer to the seller.Read the purchase contract carefully. Note where the builder or developer is placing earnest money (ie. Gather essential details: Collect information about the property, buyer, seller, price, and terms. 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. How do I fill this out? An Arizona purchase agreement facilitates the sale of real estate for an agreedupon price between the buyer and seller. How to properly fill out the Arizona Association of Realtors Resale Purchase Contract using Dotloop.