Did you know the Arizona Residential Real Estate Purchase Contract has 9 pages? This does not including any incorporated addenda, which can add many more pages very quickly! When purchasing real estate in Arizona, it’s imperative that you have a basic understanding of our purchase contract and the rules and regulations governing the sale and purchase of real property.
I recently took a contract class that spanned two days – I learned more in those 2 days than I have learned in my entire real estate career!
The purchase contract has so many pieces and parts to it, sections and subsections, paragraphs and clauses – you really have to spend some time getting to the bottom of each line!
Over the next couple weeks, I’m going to be taking on the purchase contract line by line. There are countless timelines and dates for both buyers and sellers to keep an eye on – one day short could cost you a lot!