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.
Chandler Arizona Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Arizona
City:
Chandler
Control #:
AZ-00472
Format:
Word;
Rich Text
Instant download
Description
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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
Yes, you can typically terminate a buyer-broker agreement in Arizona, but the process may vary based on your specific contract terms. To avoid penalties, it's important to review the agreement carefully. You might also consider contacting a legal expert or using a platform like USLegalForms to help navigate this situation effectively.
How do I write a Sales Agreement? Specify your location.Provide the buyer's and seller's information.Describe the goods and services.State the price and deposit details (if applicable)Outline payment details.Provide delivery terms.Include liability details.State if there's a warranty on the goods.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Clauses That go Into an Agreement to Sell Names of the buyer and seller, their age, and residential addresses. Date and place of execution of the agreement. Competence of parties to enter into the agreement. Rights and liabilities. Details and documents of how the seller came to own the property.
Land contracts (aka ?land installment contracts? or ?contracts for deed?) are agreements in which a homebuyer makes regular payments to the seller but the deed does not transfer at the outset; instead, the seller retains full ownership of the property until the final payment.
The contract for deed is a much faster and less costly transaction to execute than a traditional, purchase-money mortgage. In a typical contract for deed, there are no origination fees, formal applications, or high closing and settlement costs.
A land contract is an agreement for sale in Arizona that is legally recognized as one path to a warranty or quitclaim deed and real estate ownership.
If you fall behind on payments, the contract can be terminated and you will lose whatever equity was previously built. Furthermore, if the seller has a mortgage and defaults on their payments, you may lose the property even though your own payments to the seller are current.
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.
Quitclaim Deed in Arizona Quitclaim deeds are not often used when the sale of the property is involved for obvious reasons. Quitclaim deeds are much more common when there is a transfer of property from one family member to another or after a divorce.