Agreement for Sale, Short Form - Residential: This is an Agreement between the Buyer and Seller of a residential property. It lists the obligations of both parties with respect to the residential sale. The description of the property is contained in the document, as well as a signature from both the Buyer and Seller. This form is available in both Word and Rich Text formats.
The Phoenix Arizona Agreement for Sale, Short Form — Residential is a legally binding document used in real estate transactions within the city of Phoenix, Arizona. It serves as a contract between a seller and a buyer for the sale of a residential property. This agreement outlines the terms and conditions, rights, and obligations of both parties involved in the transaction. The agreement typically begins with the identification of the buyer, seller, and the subject property, including its legal description and address. It includes information such as the selling price, earnest money deposit, financing details, and the desired closing date. These details ensure that both parties are on the same page regarding the financial aspects of the transaction. The agreement also covers contingencies that protect the buyer's interests, such as a satisfactory home inspection, appraisal, and financing approval. These contingencies give the buyer the opportunity to back out of the deal if certain conditions are not met. Additionally, it may include specific provisions related to the property, such as any existing liens, encumbrances, or warranties. These clauses ensure that the buyer is aware of any potential issues or claims against the property. Multiple types of Phoenix Arizona Agreement for Sale, Short Form — Residential may exist depending on the specific requirements or modifications requested by either party. Some variations may focus on specific features of the property, like swimming pools or additional structures, while others may address unique circumstances like leaseback agreements or rent credits. In summary, the Phoenix Arizona Agreement for Sale, Short Form — Residential is a comprehensive document that covers various aspects of a residential real estate transaction in Phoenix, Arizona. It safeguards the rights and interests of both the buyer and the seller while providing a clear outline of the terms and conditions of the sale.
