Scottsdale Arizona Option to Purchase - Residential

State:
Arizona
City:
Scottsdale
Control #:
AZ-SALES-6
Format:
Word; 
Rich Text
Instant download

Description

Option to Purchase - Residential: This form is an agreement between an Owner of land and an Optionee. In this contract, the Owner gives the Optionee the opportunity, or option, to purchase his/her property at a specific price, during a limited time frame. The Option to Purchase must be signed by both parties, in front of a Notary Public, in order to be valid. This form is available in both Word and Rich Text formats.

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How to fill out Arizona Option To Purchase - Residential?

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FAQ

Arizona Housing Market Forecast 2022 & 2023 Here's Zillow's forecast for the metro areas in Arizona. None of these MSAs of Arizona is predicted to see a home price decline in 2023. Rising home values and listing prices, combined with limited inventory, indicate that Arizona's housing market is tilted toward sellers.

Scottsdale, AZ Housing Market In September 2022, the median listing home price in Scottsdale, AZ was $895K, trending up 13.3% year-over-year. The median listing home price per square foot was $422.

In August 2022, Scottsdale home prices were up 12.3% compared to last year, selling for a median price of $792K. On average, homes in Scottsdale sell after 47 days on the market compared to 34 days last year. There were 478 homes sold in August this year, down from 711 last year.

Scottsdale, AZ Housing Market In September 2022, the median listing home price in Scottsdale, AZ was $895K, trending up 13.3% year-over-year. The median listing home price per square foot was $422. The median home sold price was $782K.

In August 2022, Scottsdale home prices were up 12.3% compared to last year, selling for a median price of $792K. On average, homes in Scottsdale sell after 47 days on the market compared to 34 days last year. There were 478 homes sold in August this year, down from 711 last year.

Is it a good time to buy a house in Arizona? It's a seller's market, but there are signals that Arizona is starting to look a bit better for buyers right now. More than 40 percent of listings had price reductions in July 2022, and fewer homes are receiving offers above their initial asking price, according to Redfin.

Best Neighborhoods in Scottsdale 2022 Where to Live in... Ancala ? Most Prestigious Scottsdale Neighborhood. DC Ranch ? Scottsdale Neighborhood with the Best Amenities. South Scottsdale ? Best Neighborhood in Scottsdale for Families. Old Town Scottsdale ? Most Exciting Scottsdale Neighborhood.

Is Scottsdale, AZ, a Good Investment? Yes, whether you want to live in an amazing area and retain or increase your home value, are flipping real estate to turn a profit, or are looking to buy a property to rent out, real estate in Scottsdale, AZ, is a great investment!

Scottsdale is currently growing at a rate of 0.98% annually but its population has decreased by -3.47% since the most recent census, which recorded a population of 254,995 in 2020. Spanning over 184 miles, Scottsdale has a population density of 1,338 people per square mile.

The market in Arizona should be levelling out towards the latter part of 2022, according to real estate experts, so for buyers this may be a better time to purchase. While mortgage rates are still high, inventory is increasing in the state, which is likely to slow down home price growth.

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Scottsdale Arizona Option to Purchase - Residential