This section states that if there are any changes to the Seller Property Disclosure Statement or if there are any items that are warranted in section 5a, that the Seller must immediately notify the Buyer and that such notice will be an update of the SPDS. The Seller is also obligated to correct or repair [...]
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Arizona Purchase Contract | Affidavit of Disclosure
This portion of the contract refers to areas that are located in an unincorporated area of the county where five or fewer parcels of property, other than subdivided property, are being transferred. The seller is required to deliver a completed Affidavit of Disclosure in the form required by law to the buyer within five days [...]
Arizona Purchase Contract | Lead-Based Paint Disclosure
If a property was built prior to 1978, a lead-based paint disclosure is required not only by state law, but by the Environmental Protection Agency. It also requires that all parties to the transaction including buyers, sellers, buyer’s agent and seller’s agent sign the document making the disclosure. There is also a pamphlet produced by [...]
Arizona Purchase Contract | Insurance Claims History
The Arizona Purchase Contract states that a seller shall provide a five year insurance claims history, or for the time period that the seller has owned the home, if less than five years. This can be obtained from the insurance company and is commonly referred to as a CLUE. The buyer must provide notice to [...]
Arizona Purchase Contract | Seller Property Disclosure Statement
The Arizona Purchase Contract specifically states that the seller shall provide a property disclosure statement within five days after contract acceptance. By Arizona law, sellers are required to disclose known material facts to a potential purchaser. The vehicle for which this disclosure is made is not defined, but the Arizona Association of Realtors provides a [...]
Arizona Purchase Contract | IRS and FIRPTA
The transfer of real property can have tax implications for non-US citizens.
Arizona Purchase Contract | Title and Escrow
A quick overview of the role the escrow company plays in the home purchase process.
Arizona Purchase Contract | Changes to Financing
Choosing the wrong loan program can be costly – ask your lender which loan program is right for you.
Arizona Purchase Contract | Type of Financing
An overview of the available types of financing that are most widely used in the Casa Grande area.
Arizona Purchase Contract | Financing
The ins and outs of the financing section of the Arizona Purchase Contract.
