The Arizona Residential Resale Real Estate Purchase Contract has several built-in contingencies that protect a Buyer's earnest money. If these contingencies are not fulfilled then the contract is cancelable by the the Buyer and all Earnest Money will be returned to the Buyer.
LOAN CONTINGENCY -- The Buyer's obligation to compete the sale is contingent upon the Buyer obtaining loan approval for the loan described in the Arizona Association of Realtor's Loan Status Update form without Prior to Document conditions no later than three (3) days prior to the Close of Escrow Date.
APPRAISAL CONTINGENCY -- The property must appraise for at least the purchase price.
INSPECTION CONTINGENCY -- For the first 10 days after the contract is accepted, Buyer has the opportunity in investigate and inspect any aspect of the home itself, the community, and all disclosure documents provided. If Buyer finds anything unsatisfactory, and the Seller is unwilling or unable to make it satisfactory, then the Buyer has an opportunity to cancel the purchase contract.
A successful real estate experience can be one of the most exciting and rewarding events in your lifetime. The exhilaration of a positive buying or selling transaction can't be beat! However, did you know that moving and relocation ranks third on a list of the most stressful life events? With only divorce and death rated as more stressful, it's no wonder that so many people dread moving. Thankfully, there's no need for you to worry any longer. To help make your total real estate experience-from buying and selling to moving-the best it can be, choose our experienced REALTORS® to effortlessly guide you through the entire process. For more than 23 years in the Greater Phoenix Area, we have helped many people just like you successfully make their new home dreams come true. Having lived and conducted real estate in the Valley, we have seen nearly every transaction, and continued to make every closing smooth, efficient, and stress free. With our attention to detail and specialized knowledge of the Greater Phoenix real estate market, you can rest assured that we will provide you with a wonderful real estate experience every time!
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" initially thought we would start the search process earlier but delayed for a few weeks. Sharon kept n touch during the entire process and even after, always making sure we were ok. We were first time home buyers and Sharon was excellent in explaining every step of the process. We are very grateful that we found her."