Locating the appropriate legal document template can be challenging.
It goes without saying, there are numerous website templates on the internet, but how can you discover the legal template you need.
Utilize the US Legal Forms website. The service provides a vast selection of templates, such as the Arizona Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land, which you can utilize for business and personal purposes.
You can preview the form using the Review button and read the form description to confirm it is the correct one for you.
In Arizona, sellers are required to complete a real estate purchase agreement and the following disclosures in order for it to be considered legally binding:Buyer Inquiry.Comprehensive Loss Underwriting Exchange (CLUE).Swimming Pool Barrier Disclosure.Condo Disclosure Information.Notice of Soil Remediation.More items...
Both parties have to agree on the price before the purchase agreement is signed. Furthermore, terms such as earnest money, escrow company, down payment, financing, warranties and contingencies, and the closing date will be outlined in the contract.
Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?
How to Sell Your House Without A Realtor: 10 StepsClean Your Home. When you're prepping your home for buyers, you don't want to do a quick sweep and tidy up.Decide on A Price.List Your Home And Give Details.Advertise.MLS.Host an Open House.Negotiate Offers.Make Sure Everything is Legal in Your Contract.More items...?
Arizona law generally doesn't require prospective homeowners to have an attorney. Just because the state doesn't require people to have an attorney for a real estate closing, that doesn't mean it's not a good idea to help protect your interests.
As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.
Your three main options to sell a house without a Realtor® include:Sell to a cash buyer.Hire a real estate attorney to facilitate a sale to a known buyer.Handle the sale yourself via For Sale By Owner (FSBO)
To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
What are the six essential elements for an enforceable real estate contract? In writing, competent parties, mutual assent, legal consideration, lawful object, legal description.