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.
Scottsdale Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions for buying or selling a residential property in Scottsdale, Arizona without involving a real estate broker. This agreement is important as it provides a clear understanding of the rights and responsibilities of both the buyer and seller. This contract includes various crucial details such as the identification of the property, purchase price, financing terms, earnest money, disclosures, and contingencies. It specifically caters to the unique requirements of residential real estate transactions in Scottsdale, Arizona. There are two common types of Scottsdale Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement: 1. Standard Residential Purchase Agreement: This contract is widely used for typical residential property sales in Scottsdale. It covers all essential aspects of the transaction, including the purchase price, closing date, financing terms, and contingencies like home inspection and appraisal. 2. Short Sale Addendum: This type of agreement is specifically designed for situations when the property is being sold for an amount lower than the outstanding mortgage balance. It includes additional provisions related to lender approval, deficiency judgments, and the release of liens on the property. It is important to carefully review and understand the terms of the Scottsdale Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement before signing it. Furthermore, it is advised to seek legal counsel or consult a real estate professional to ensure full compliance with local laws and to protect your interests.Scottsdale Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions for buying or selling a residential property in Scottsdale, Arizona without involving a real estate broker. This agreement is important as it provides a clear understanding of the rights and responsibilities of both the buyer and seller. This contract includes various crucial details such as the identification of the property, purchase price, financing terms, earnest money, disclosures, and contingencies. It specifically caters to the unique requirements of residential real estate transactions in Scottsdale, Arizona. There are two common types of Scottsdale Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement: 1. Standard Residential Purchase Agreement: This contract is widely used for typical residential property sales in Scottsdale. It covers all essential aspects of the transaction, including the purchase price, closing date, financing terms, and contingencies like home inspection and appraisal. 2. Short Sale Addendum: This type of agreement is specifically designed for situations when the property is being sold for an amount lower than the outstanding mortgage balance. It includes additional provisions related to lender approval, deficiency judgments, and the release of liens on the property. It is important to carefully review and understand the terms of the Scottsdale Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement before signing it. Furthermore, it is advised to seek legal counsel or consult a real estate professional to ensure full compliance with local laws and to protect your interests.
