Arizona Home Purchase Contract Forms
Theoretically, you could write an offer on a restaurant napkin but nearly all Arizona home purchase offers are written on pre-made contract forms.
Many different contract forms are used to buy residential real estate in Arizona. For example, nearly every Arizona home builder has its own specially written contract. A builder will require home buyers, like you, to use their contract.
Although every home builder has a different contract, all home builder contracts have one thing in common – they are written to greatly favor the home seller (the builder) over the home buyer (you).
On the other hand, the vast majority of residential resale (not new) home sales in Arizona are written on the purchase contract form created by the Arizona Association of Realtors.
Arizona Realtors represent both home buyers and home sellers about equally so the Association’s 9-page contract form is very even-handed between the interests of Arizona home sellers and Arizona home buyers.
Purchase Offer vs. Purchase Contract
When you fill out a contract form, it’s just an offer from you to buy the home with the stated price and terms. If the seller signs your offer, then your offer becomes a binding contract agreed to by both you and the seller.
Here is a sample copy of an old version of the Arizona Association of Realtors’ Purchase Contract.
When we first meet and before we tour homes we’ll go over the purchase contract form together so you can become familiar with it.
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