Arizona Real Estate Contract Guide | Every Section Explained for Buyers & Sellers

The Anatomy of a Real Estate Contract in Arizona

Every Section Explained in Plain English—Plus Tips to Protect Your Interests

Buying or selling a home in Arizona is exciting—but when you sit down and see that thick real estate contract, it can feel like you’re reading a different language. Terms like “earnest money,” “due diligence period,” and “fixtures” might sound confusing, but understanding them can make all the difference between a smooth transaction and a stressful one.

Here’s your plain-English guide to each major section—plus tips to help you protect your best interests every step of the way.

1. The Basics: Parties, Property, and Price

This section spells out who is involved, what property is being sold, and the purchase price.
Tip: Double-check that your name, the property’s legal description, and the price match exactly with your agreement—typos here can cause big delays.

2. Earnest Money Deposit

This is the “good faith” deposit showing you’re serious. It’s typically held in escrow until closing.
Tip: Know when it becomes non-refundable—missing deadlines could cost you thousands.

3. Inclusions and Exclusions

This clarifies what stays with the property—appliances, light fixtures, or outdoor features.
Tip: Get everything in writing. If you want that backyard BBQ grill or chandelier, it needs to be in the contract.

4. Due Diligence & Inspection Period

This is your time to inspect the home for repairs, pests, or structural issues. In Arizona, it’s usually 10 days.
Tip: Use this time wisely. Schedule all inspections early so you have time to negotiate repairs.

5. Disclosures

Arizona law requires sellers to disclose known issues, like roof leaks or past flooding.
Tip: Read these carefully and ask questions about anything unclear—it’s your right.

6. Appraisal & Financing

If you’re financing, the contract explains how the appraisal process works and what happens if the home doesn’t appraise.
Tip: Have a backup plan if the value comes in low—renegotiation is common.

7. Closing & Possession Date

This confirms when ownership changes hands and when you can move in.
Tip: Make sure the possession date aligns with your moving plans to avoid last-minute stress.

8. Contingencies

These are “escape clauses” that let you walk away if certain conditions aren’t met—like financing approval or acceptable inspection results.
Tip: Never waive a contingency unless you’re 100% confident you don’t need it.

9. Signatures & Final Agreement

Once everyone signs, the deal is legally binding.
Tip: Review every page before signing. If you’re unsure, ask your agent to explain in plain language.

📌 Why This Matters

In Arizona’s fast-paced housing market, knowledge isn’t just power—it’s protection. Understanding your contract helps you avoid costly mistakes, negotiate better, and sleep well at night knowing you’re covered.

✅ Partner With a Pro Who Protects Your Interests

The Sold Realty Group isn’t just here to “write up” contracts—we walk you through each clause, translate the legal jargon, and fight for terms that keep you protected from day one to closing.

📞 Call us today at 480-555-1234 or
📧 Email: [email protected]
Let’s make your next move smart, safe, and stress-free.