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. A reservation is for a borrower with a real estate purchase contract for a specific property.The following terms and conditions apply to all PCC purchases in addition to any terms set forth on the face of an. Any document which modifies a previously recorded document must state the recording date, and docket and page or sequence number of the document being modified. The following is a checklist of helpful hints for consumers to help avoid some of the pitfalls of purchasing a new or used home, or raw, undeveloped land.