Arizona Offer to Purchase Real Property with No Broker
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How to fill out Offer To Purchase Real Property With No Broker?
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FAQ
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...
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)
While it could save you money, selling a house without an agent will inevitably cost you time. From arranging the advertising to consulting with buyers and organising viewings, estate agents do the majority of the legwork in a property sale. Taking this on yourself is not an easy process.
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...?
What are the six essential elements for an enforceable real estate contract? In writing, competent parties, mutual assent, legal consideration, lawful object, legal description.
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.
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.
BUYER IS UNREPRESENTED. 200bBuyer is not currently represented by, or otherwise working with, a real estate agent.
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...?
