Arizona Purchase Contract With Realtor

State:
Arizona
Control #:
AZ-SALES-8
Format:
Word; 
Rich Text
Instant download

Description

Counter Offer to Purchase 3 - Residential: A Counter Offer is used when the Purchaser and Seller are attempting to reach an acceptable price to both parties. The Purchaser offers an amount for the property in question; the Seller then gives this counter offer which states that he/she accepts the Purchaser's offer with an exception. If the Purchaser agrees to the exception, or counter offer, then he/she must sign the document in front of a Notary Public to accept. This form is available in both Word and Rich Text formats.

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FAQ

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.

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 ...

The purchaser may cancel the purchase agreement without a penalty or obligation within seven calendar days after the purchaser signs the purchase agreement. 2. If the purchaser decides to cancel the purchase agreement, the purchaser shall notify the seller in writing of the purchaser's intent to cancel.

The general rule is that the rights and duties of a party to a contract are freely assignable, unless the right to assign is expressly prohibited by the contract.

A buyer of a home in good faith can cancel the purchase contract during the 10-day inspection period for any reason (e.g., the home doesn't have a ?good? view of Camelback Mountain, the home is too close to a bus stop, the neighbors say that the house is ?haunted by ghosts," or the buyer decides they don't like the ...

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Arizona Purchase Contract With Realtor