Full purchase price. Refers to the entire offer accepted without subtracting the down payment or serious money. A contract to purchase and sell residential real estate in Arizona is a legal document that defines the terms of interest of a buyer in purchasing a property to a person wishing to sell that property. The seller and buyer (or their lawyers) negotiate the terms of the agreement, including the purchase price, closing date, real estate condition, etc. As a general rule, the buyer is asked to make a deposit or “serious money” to ensure that the seller is serious about the transaction. Once inspections have been completed, financing (if any) has been completed and all other contingencies are completed, the parties can sign the purchase and sale agreement to complete the deal. The sales contract is just one piece of the puzzle. Here are other forms you should keep in mind: in Phoenix, many homes sell in cash. You may have heard that money is king. However, for real estate transactions, you must always determine the context of the offer and also the buyer`s ability to conclude the agreement.

Property taxes. If the purchase of real estate is not in accordance with the tax plan, the taxes are divided pro-rata between the buyer and the seller. As a general rule, a buyer will work with a broker who will represent them when buying your home. They may not do so and in this case a copy of the sale through ownership contracts (sales contract) would be helpful. Whether the buyer works with a broker or not, you don`t want them to have seen a home purchase contract for the first time when someone makes an offer for your home. I advise you to download the Arizona Residential Purchase Contract. Read it, understand, if you have any questions, ask me. 7.

Describe all contingencies. These will be events or conditions that must occur before the purchase is completed. This includes thoroughly checking the property`s records. We are happy to move on, take notes and make a much more accurate assessment for your property. Sometimes visiting old cars with paperweights and pencil is the way. You can contact us at any time by SMS or call us by phone at 1-480-442-3501, even after accepting the buyer`s offer, if he is still not on board with the purchase of the property, this means that they are not there to buy your home. HOA Condominium / Community Allowance Project – June 2020 Provide disclosure of real estate: provide the buyer with all the necessary information. The first thing you should consider when selling your “For Sale by Owner” home is the correct pricing of the property.

Completion status fees: As agreed between the parties, spread the completion costs. Enter a full description of the property: In the contract, make sure that you specify the common residence address as well as the full legal description of the property. Residential Buyer`s Inspection Notice and Seller`s Response (BINSR) – June 2020 Real estate control is something sellers fear. Disclosure Agency – Choice – February 2009 You can keep the price equal and make more profit from the sale, or you can ask for a lower price that will make your property much more attractive to buyers. Here`s a guide to selling a home If you`re still concerned about selling your home “For Sale by the Owner.” They say that a cash offer should always attract attention, because most home sales do not close because of the lack of funding. Buyer`s Application (Universal Inv. Co. v. Sahara Motor Inn, Inc. – Ariz. Ct. App.

1980) – The seller is only required to disclose essential information about the property; However, when a buyer makes an application for a particular aspect of the property, the seller must disclose all information related to that aspect.