Arizona Purchase Contract For Land
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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FAQ
To be enforceable, a land sale contract must satisfy the Statute of Frauds, which generally requires that these contracts be in writing and signed by the parties. Note that this writing is apart from the instrument under which the actual transfer takes place, which is known as the ?deed.?
4 Essential Elements of an Arizona Real Estate Contract The contract must be in writing and include a legal description of the property. There needs to be mutual assent and legal consideration. The parties must both be legally competent. The contract cannot violate any laws.
Property Buyer's Checklist (Home or Land) Flooding and drainage disclosure. A description of adjacent land and uses. Who provides electricity, telephone, gas, water and sewage disposal. Common community and recreation facilities. Assurances for completion of improvements.
The combination of wilderness areas, big cities, and steady growth make Arizona one of the best places to buy raw land. From hunting, camping, and fishing to enjoying vineyards, immersing yourself in Old West history, and spending the day shopping at boutiques, Arizona has it all.
An Arizona land contract facilitates a transaction between a buyer and a seller for raw land. The contract acts as an offer the buyer presents to the seller for acceptance. Upon receiving, the seller will have the option to make a counteroffer, reject, or accept the terms of the agreement.