Get Arizona Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract

The Arizona Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract is a vital document that outlines the financial terms related to the sale of residential property. Understanding how to accurately complete this form online ensures transparent communication between sellers and purchasers.

Follow the steps to complete the disclosure form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the address of the property involved in the contract in the designated space marked 'property located at.' This provides clarity on which property the disclosure refers to.
3. Next, fill in the purchase price of the property in the corresponding field. This amount represents the total sale price agreed upon by both parties.
4. Enter the interest rate charged under the contract in the appropriate section. If the terms dictate a variable interest rate, make a note that this rate may fluctuate over time.
5. For the projected interest amount for the term of the contract, provide either the total dollar amount or an estimated figure if applicable. This information is crucial for the purchaser's financial planning.
6. Complete the total amount of principal and interest that will need to be repaid under the contract in the designated area. This should reflect all required payments over the lifetime of the contract.
7. If applicable, specify the late charge amount that may be assessed under the contract. This helps inform the purchaser of potential fees related to delayed payments.
8. Indicate prominently that the seller may not charge a prepayment penalty for early payment of the contract. This assures the purchaser that they can pay off the contract early without incurring additional charges.
9. Once all fields are filled, ensure to date the form correctly where indicated. This establishes the timeline of the disclosure.
10. Finalize the document by obtaining the signatures of both the seller and the purchaser, ensuring each prints their name below their signature for clarity.
11. After completing the form, you can save your changes, download it for your records, print copies for all parties involved, or share it as needed.

Take the next step in your real estate journey by completing your documents online with ease.