Phoenix Arizona Contract for the Sale and Purchase of Real Estate - No Broker - Seller Financing or All Cash - Residential

• Category: Real Estate - Contracts - Residential
• State: Multi-State
• City: Phoenix
• Control #: US-00472A
• Format: Word; Rich Text

Description

This Contract is for the sale of a residence or multi-family dwelling where the sellers are to finance a portion of the purchase price or the buyer is to pay cash. The Phoenix Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential is a legally binding document that outlines the terms and conditions for the sale and purchase of residential properties in Phoenix, Arizona. This contract is designed for transactions where there is no involvement of a real estate broker, and the financing may be provided either by the seller or through cash payments. The contract typically includes the following key sections: 1. Parties: This section identifies the names and addresses of the buyer(s) and the seller(s) involved in the transaction. 2. Property Description: It includes a detailed description of the residential property being sold, including its address, legal description, and any specific features or amenities. 3. Purchase Price and Financing Terms: This section outlines the agreed-upon purchase price and how the financing will be arranged. It specifies whether the buyer will provide all-cash payment or if seller financing is involved, detailing the terms, interest rate, and repayment schedule. 4. Earnest Money Deposit: This section explains the amount of earnest money deposit the buyer must provide to secure the purchase of the property. It outlines the conditions of the deposit, including when it is due, to whom it should be made payable, and the consequences of non-payment or default. 5. Contingencies: This section covers any contingencies that must be met before the sale can proceed, such as obtaining financing, satisfactory home inspections, or the sale of the buyer's existing property. 6. Closing and Possession: It sets out the agreed-upon closing date and time, as well as the possession date. It may include provisions for prorated property taxes, utility transfers, and any other specific details related to the transfer of ownership. 7. Disclosures and Inspections: This section ensures that both the buyer and seller fulfill their obligations in terms of providing accurate disclosures and allowing for property inspections within a specified timeframe. 8. Default and Remedies: It outlines the consequences and remedies in case of default by either party, including the forfeiture of the earnest money deposit, payment of attorney's fees, or the right to seek specific performance or damages. There may be variations or other specific contract types within the Phoenix Arizona Contract for the Sale and Purchase of Real Estate category, including variations for commercial properties, land or vacant lots, and different financing arrangements. However, the No Broker — Seller FinancinOaxacaCSASas— - Residential contract is commonly used for residential real estate transactions in Phoenix, Arizona.

The Phoenix Arizona Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential is a legally binding document that outlines the terms and conditions for the sale and purchase of residential properties in Phoenix, Arizona. This contract is designed for transactions where there is no involvement of a real estate broker, and the financing may be provided either by the seller or through cash payments. The contract typically includes the following key sections: 1. Parties: This section identifies the names and addresses of the buyer(s) and the seller(s) involved in the transaction. 2. Property Description: It includes a detailed description of the residential property being sold, including its address, legal description, and any specific features or amenities. 3. Purchase Price and Financing Terms: This section outlines the agreed-upon purchase price and how the financing will be arranged. It specifies whether the buyer will provide all-cash payment or if seller financing is involved, detailing the terms, interest rate, and repayment schedule. 4. Earnest Money Deposit: This section explains the amount of earnest money deposit the buyer must provide to secure the purchase of the property. It outlines the conditions of the deposit, including when it is due, to whom it should be made payable, and the consequences of non-payment or default. 5. Contingencies: This section covers any contingencies that must be met before the sale can proceed, such as obtaining financing, satisfactory home inspections, or the sale of the buyer's existing property. 6. Closing and Possession: It sets out the agreed-upon closing date and time, as well as the possession date. It may include provisions for prorated property taxes, utility transfers, and any other specific details related to the transfer of ownership. 7. Disclosures and Inspections: This section ensures that both the buyer and seller fulfill their obligations in terms of providing accurate disclosures and allowing for property inspections within a specified timeframe. 8. Default and Remedies: It outlines the consequences and remedies in case of default by either party, including the forfeiture of the earnest money deposit, payment of attorney's fees, or the right to seek specific performance or damages. There may be variations or other specific contract types within the Phoenix Arizona Contract for the Sale and Purchase of Real Estate category, including variations for commercial properties, land or vacant lots, and different financing arrangements. However, the No Broker — Seller FinancinOaxacaCSASas— - Residential contract is commonly used for residential real estate transactions in Phoenix, Arizona.