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The AZ Real Estate Purchase Contract

Welcome to the home of Phoenix Arizona and Scottsdale Arizona real estate. We try to answer the questions about Arizona real estate how to buy homes Arizona as well as the best deals in Phoenix Arizona Scottsdale Arizona and Fountain Hills as well as the many beautiful towns surrounding Phoenix Arizona referred to as Maricopa County.

I’ve been receiving a lot of questions from out-of-state as well as out of country specifically Canadian real estate buyers looking for homes in Arizona. About the procedures methods specific to the Arizona real estate purchase process, as well as what makes Arizona unique in regards to such buying homes.

the most unique feature in my humble opinion as a real estate consultant as someone who is purchase real estate in Arizona the East Coast California is that we do not use attorneys to write prepare and negotiate contracts. You might be saying wow! However in Arizona real estate brokers and real estate agents are licensed to practice contract law exclusively as it pertains to the Arizona Association of realtors contract and the supporting real estate documents. Again, you might be saying wow! And your exclamation is not unwarranted as a result I implore you encourage you advise you and strongly suggest that you speak with a real tour who has been working many years has done numerous transactions and is extremely familiar with the language, the nuances, the buyer protections, that are only necessary when things go wrong. Contracts are written for that purpose when things go smoothly, which they do most of the time contracts in large part except for the directions to be followed by the intermediary title and escrow companies do not come into legal play again for the most part.

However, what happens when things go wrong? And, unfortunately they sometimes do as agents it is critical that we protect the buyer or seller’s interest and it is imperative that these protections are memorialized in the writing clearly and concisely.

I am going to start a multipart series on the steps processes as well as a detailed outline of the Arizona real estate contract it will be comprehensive however not complete. As it takes many many many hours of training, the contract study and a decade of experience to truly understand the Arizona real estate purchase contract in regards to the gray area which unfortunately is how contracts are interpreted when things go wrong.

The most important features are the buyer protections. The Arizona real estate purchase contract is now nine pages. again you might exclaim while however due to the real estate boom and unfortunate collapse there were many case of fraud. As a result the Arizona Association of realtors has designed a contract that greatly protects buyers, and thus sellers.

In the following days to come I will outline the various buyer protections, so that you know what to look for and how to protect yourself from a buying a real estate transaction fraught with problems and to protect earnest money deposits and to limit any potential liability.

As you’re reading this and my many articles going forward I encourage you to ask the questions you want to know, not what I think you want to know as these articles are for you and I look forward to your comments and critiques.

Have a great week and if I can be of any assistance give you any advice any your search for real estate in the Phoenix Arizona, Scottsdale Arizona area please contact me at any time at 480-200-9097.

~~ Daniel J Wexler, real estate consultant – serving  Scottsdale Arizona real estate buyers in greater Phoenix easy and Scottsdale Arizona.

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