This form is a Contract for the sale of real estate for use in Arizona. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
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Description Arizona Purchase Real Estate Agreement
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Arizona No Broker Statement Other Form Names
Az Contract Purchase Real Estate
Arizona Contract Real Estate
Arizona Purchase Estate
Arizona Sale Real Residential
Arizona Sale Purchase Residential
Az Sale Real Residential
Az Sale Agreement
Az Purchase Residential Home FAQ
Yes, you can get out of a buyer broker agreement in Arizona, but the process may depend on the terms outlined in the agreement itself. Most agreements contain clauses that allow for termination under specific circumstances, such as mutual consent or a breach of contract. If you decide to end the relationship, it is important to refer to the agreement’s stipulations and communicate with your broker to ensure a smooth transition.
The purchase agreement often includes earnest money requirements. Earnest money is used to confirm the contract; rates vary from one purchase to the next, but typically, buyers can expect to pay at least $1,000.
Every real estate contract meets four requirements to be valid:The contract must contain an offer and an acceptance. The purpose of the agreement must be legal. There must be an exchange of things of value (usually, it's money for property)
Buyers can have real estate agreements drawn up by a real estate attorney or agent. A title company or Realtor can help the buyer find someone to write a contract if necessary.You and the seller can negotiate the terms of the agreement, including the interest rate on the loan.
In Arizona, the typical inspection period (or due diligence period) is 10 days. If the property you make an offer on doesn't pass inspection, or if the seller declines to do requested repairs, the buyer can cancel the contract and get their earnest money back.
Offer price. Amount of earnest money. Amount of down payment. Closing date. Personal property included. Seller contribution to Buyer closing costs, if any. Escrow company. Home warranty.
In real estate, a purchase agreement is a binding contract between a buyer and seller that outlines the details of a home sale transaction. The buyer will propose the conditions of the contract, including their offer price, which the seller will then either agree to, reject or negotiate.Real estate purchase contract.
Earnest money may be deemed non-refundable after a set period of time, called an option period, unless the seller and buyer agree on conditions in which the deposit would be returned.
Identifying the Address and Parties Involved. First and foremost, a purchase agreement must outline the property at stake. Price and Terms. Closing Date and Costs. Real Estate Taxes and Special Assessments. Homestead Classification. Delivery, Acceptance Date, and Offer Expiration. Default. Counter Offer.
The identity of the buyer and of the seller. A sufficient description of the real property to be sold. The sale price, or consideration to be paid for the real property by the buyer. The amount of any earnest money deposit to be paid by the buyer.