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.
Arizona Real Estate Purchase Contract With Us
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How to fill out Arizona Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
Every contract, whether simple or complex, is considered legally enforceable when it incorporates six essential elements: Offer, Acceptance, Awareness, Consideration, Capacity and Legality. It is critical that all six elements are present?just one missing element can make a contract invalid and unenforceable.
Real estate assignment contract. This contract allows the buyer to assign the contract to a second buyer.
The seller and buyer (or their attorneys) will negotiate the terms of the agreement including purchase price, closing date, property condition, and so on. Typically, the buyer will be required to make a deposit, or ?earnest money,? to ensure the seller that they are serious about the transaction.
The purchaser or lessee has the legal right to rescind (cancel) this agreement without cause or reason of any kind, and to the return of any money or other consideration by sending or delivering a written notice of rescission to the seller or lessor by midnight of the seventh calendar day following the day the ...
What are the six essential elements for an enforceable real estate contract? In writing, competent parties, mutual assent, legal consideration, lawful object, legal description.