Understanding Real Estate Contracts and What You Can Expect to Find

Understanding Real Estate Contracts and What You Can Expect to FindThere are a lot of things that go into the successful sale of your home, but many people are unfamiliar with the intricacies of the contract. Whether you consult with your real estate agent or plan on diving in on your own, it’s important to be clear on the terms. If you’re wondering what you can expect when it comes to the contract, here are some pointers on what to watch out for.

Real Estate Jargon

A real estate contract would not be complete without the professional terminology, so you’ll see words like amortization, price-to-income ratio and title that may impact the meaning of your contract. Instead of going it blind, search the Internet for terms or consult with your real estate agent to provide a clear explanation.

Specifics On The Sale

Information regarding the specifics of your property will be present in the contract, and it’s important to check this information before signing on the dotted line. While the address and location of your home are important, it’s also critical to verify the purchase price that has been decided upon, the closing date on the property and any other items that have been negotiated and agreed upon.

Be Aware Of Withdrawal Terms

It can be easy to be taken away by excitement once you’ve received the perfect offer on your home, but it’s important not to lose sight of everything that’s required before the sale has been finalized. One of the most important parts of the contract is the withdrawal terms that are laid out, so be certain you’re aware of what your rights are if you or the home buyer decides to withdraw from the process.

Watch For Seller’s Responsibilities

If you, as a seller, do not remain committed to the terms of the contract this can be a deal breaker, so ensure that you’ve familiarized yourself with exactly what’s required of you. This may include everything from the maintenance on the property to offer negotiations, so it’s important to comply with these terms.

Dealing with a real estate contract can be confusing for the layman, so it’s worth your while to have a trusted real estate agent around who will be able to explain it. From withdrawal terms to seller responsibilities, there are plenty of things you should be aware of before sealing the deal. If you’re currently embarking on selling your home, give me a call for professional representation – J.P. Cook – 602-320-4253.

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6310 E Dove Valley Road Cave Creek, AZ 85331

$1,895,000
5 Beds
4 Baths
4,445 SqFt
Status Active
MLS # 6681590
Property Type Single Family Residence
Price Type --
This amazing home is now $100,000 below a recent appraisal and ready for you to make your own! This exceptional custom-built 3,757 sq ft estate boasts a gorgeous main home accompanied by a full 688 sq ft guest home with full kitchen and garage! You will enjoy a wonderful pool and spa for play, relaxation or enjoying Arizona's spectacular sunsets! Summer comfort awaits with the Newer HVAC's on the main home with solar! Situated on over an acre of maintained desert landscape in the prime location of the highly sought-after N. Scottsdale/Cave Creek corridor. The captivating main residence features 4 bedrooms, 3 full bathrooms, a private executive office, and breathtaking views of Black Mountain and the Boulders. As you step into your dream home, you're greeted by a picturesque ... front courtyard adorned with custom iron gates, two outdoor fireplaces and a striking fountain. Inside, the home boasts an inviting open floor plan with rich wood flooring, beamed ceilings, and NEW custom oversized windows that frame the stunning mountain vistas. The kitchen, a chef's haven, showcases Quartz countertops, a Subzero fridge, stainless steel appliances, stylish cabinetry, and a GE Profile oven with a center island induction cooktop. The spa-inspired master ensuite offers dual sinks, a separate soaking tub, and shower, ensuring a luxurious retreat. The spacious one-bedroom guest home is strategically positioned on the property, providing separate living quarters complete with its own private driveway, single car garage, full bath, eat-in kitchen, and covered patios, catering ideally to multi-generational families, guests or even renters. It has been used as an $AirBnB$ earning an average of $3,000 per month. Outside, the sprawling resort-style backyard is an entertainer's paradise, featuring a covered patio, built-in BBQ, bar seating, and a second Kiva fireplace. Overlooking a beautifully gated, pool, spa, Baja shelf and rock waterfall, the outdoor space offers mesmerizing mountain views, complemented by custom hardscapes, lush landscaping, and extensive stone walkways, inviting you to explore your desert sanctuary. This is a must see!

3410 N 45th Place Phoenix, AZ 85018

$1,895,000
6 Beds
4.5 Baths
3,193 SqFt
Status Active
MLS # 6775354
Property Type Single Family Residence
Price Type --
This beautifully remodeled home in the highly desirable Arcadia Osborn area offers a perfect blend of modern luxury and timeless charm. The property boasts a newer roof, AC, and updated electrical, ensuring peace of mind for years to come. The convenient split floorplan features 2 Jack & Jill bathrooms, a lovely powder room, and a separate pool house (or guest house), perfect for entertaining or relaxing by the pool. The home is packed with high-end & eco-friendly upgrades including Control 4 home automation, surround sound, pool automation, security cameras, and a tankless water heater. You'll love the vaulted ceilings, spray foam insulation, and wide-plank wood floors throughout. The chef's kitchen is outfitted with a 66'' commercial fridge and an outdoor kitchenfor seamless indoor- outdoor living. Step outside to enjoy mature landscaping, a sparkling pool with deck jets and a Baja shelf, automated misting, and a back porch with automated shades. The property also comes equipped with electric car chargers and garage storage. TVs & appliances convey with the sale, making this home truly move-in ready!

40455 N 26th Street Cave Creek, AZ 85331

$1,893,500
4 Beds
3.5 Baths
3,157 SqFt
Status Active
MLS # 6727474
Property Type Single Family Residence
Price Type --
Exquisite custom home in Cave Creek on 3.6 acres, with privacy and panoramic mountain views and no HOA. Hacienda style residence with split floor plan and spacious rooms, new hardwood floors, beams and corbels, vaulted ceilings, and elegant finishes. The master suite offers scenic views, fireplace, and spacious bathroom. The backyard is an oasis with a sparkling pool and covered BBQ area with high-grade turf and spectacular mountain scenery. Situated adjacent to Cave Creek Regional Park with extensive trails for horseback riding, hiking, and biking. Features include a horse turnout area with three covered stalls, equipped with water spigot, arena, and a tack shed. Car enthusiasts will love the 3-car garage and the permitted 3,000 sq. ft. insulated metal building which can be expanded.

6044 E Hodges Street Cave Creek, AZ 85331

$1,890,000
5 Beds
4.5 Baths
4,025 SqFt
Status Active
MLS # 6726429
Property Type Single Family Residence
Price Type --
Beautiful (like new-seasonal owners)! Fantastic Black Mountain views and large NAOS area. Four bedrooms, 3.5 bath, full guest suite/casita with separate entrance, 3-car garage, putting green, pool, spa! Grassed and rock entrance. Courtyard and gate to covered porch. Separate entrance to Guest Suite/Casita from porch. Guest suite/casita has living area, bedroom, full bath and walk-in closet. The foyer at entry into main home has over-sized office/den with double glassed doors on one side and formal dining room on the other side. Dining room has butler's pantry with beverage cooler, glass top cabinetry fronts and wet bar. Powder room off this area. Large beautiful chef's open kitchen design. Lots of rich cabinetry and granite counters. Click the More tab for more information. Large island has bookend design with step-up counter for private prep/clean-up. Designer pendants over island. Built-in SS refrigerator, wall microwave and oven, gas range top with stainless range hood. Walk-in pantry. Breakfast/dining nook area. Great split primary bedroom plan. Primary bedroom large with dual walk-in closets and convenient oversized laundry room off largest closet. Primary bathroom is spa paradise. Walk up soaking tub and walk-in shower with partial glass enclosure. Dual vanities. Opposite side of house has remaining bedrooms. Second bedroom has mountain views and bathroom with walk-in closet. Third and Fourth bedroom have connecting full bathroom. Garage entrance to home has valet area for electronic/technology drop and coat hang/shoe change area. Garage has cabinetry for additional storage. Back and side yards beautifully landscaped with grass (both real and artificial), a putting area, pool, spa, multiple seating areas including firepit area, patio with seating and dining, travertine paving, RV gate and NAOS plus gorgeous mountain views! Fabulous home!

5452 E Windstone Trail Cave Creek, AZ 85331

$1,890,000
4 Beds
3.5 Baths
3,944 SqFt
Status Active
MLS # 6780789
Property Type Single Family Residence
Price Type --
Welcome to Montevista, a highly desirable community in Cave Creek, Arizona. This gated community with impeccably manicured common areas, lush landscaping, and large grassy community park, complete with a playground, basketball/pickleball courts, social events, and covered spaces, creates a welcoming atmosphere. One of the best lots in the community, this home is nestled on a private, premium lot, that backs up to a serene NOAS with mountain views, offering unmatched privacy. As you enter the grand entrance, you'll be greeted by soaring ceilings, stunning chandelier lighting as well as an abundance of natural light. With almost 4,000 square feet of meticulously maintained living space, you will step into a world of elegance. The open concept split floor plan allows for comfort and privacy for family and guests. The spacious living room has a wet bar, built-in drink shelf, wine closet, and fireplace. Off that area is space for a dining room, piano room or additional sitting room. The kitchen, which opens to the family room, is tastefully updated with high end appliances, a prep island, walk-in pantry and tons of counter and cabinet space. Eat at the breakfast bar or dine in kitchen. Retreat to the amazing primary suite complete with dual vanities, a step-in shower, and two walk-in closets. Relax in front of the fireplace, soak in the tub, read in the sitting area or dream your nights away. Walk out to your private garden area with citrus trees, grassy area and lined path. Bedrooms 2-3 share a bath with dual sinks and a step-in shower. Bedroom 4 is an ensuite with it's own bath. The final room can be a bedroom, office or workout room, you choose. Outside, you're greeted by a resort-style backyard. The private heated pool with water feature and spa, surrounded by lush greenery, offers the perfect space to relax or entertain. Sit under the pergola and enjoy the fire on chilly Arizona nights. The BBQ grill area with bar area, also covered is another space to entertain. The covered patio with motorized shades, the oversized fire pit, turf area with fountain and all other areas to enjoy the serene views of the desert and create a true Arizona outdoor living experience. This community is perfectly located near shops, dining, the quaint towns of Cave Creek/Carefree. This is more than a home; it's the ideal fusion of luxury, comfort, and privacy. Envision yourself here, embracing everything that Montevista and Cave Creek have to offer. Upgrades include; 3 brand new HVAC systems, new ducts, furnace, pool motor, BBQ grill, outdoor lighting boxes, plants and more!

4102 E Scorpio Place Chandler, AZ 85249

$1,890,000
7 Beds
5.5 Baths
6,751 SqFt
Status Active
MLS # 6772164
Property Type Single Family Residence
Price Type --
You won't believe how low the utilities are on this meticulous 7000 sf custom home! Averaging just $200/mo year round, you won't find another house more energy efficient. Welcome to the gated community of Falcon Estates in Chandler, AZ. This 7 bedroom, 5.5 bathroom home with detached casita sits on a basement and is full of luxury upgrades, top of the line finishes and superior construction. Enter through the custom iron door into the grand entry with beautiful tempered glass windows, tons of natural light, 14 foot ceilings, 24'' travertine and open concept floorplan. The chef's kitchen is complete with an oversized island, eat in bar, Sub Zero separate refrigerator and freezer, 48'' dual gas stove , beverage station, trash compactor, warming drawer, wine cooler, butler's/prep pantry and walk in pantry. The eat in kitchen nook is completely surrounded by windows that overlook the peaceful backyard. The master retreat features a beautiful fireplace, separate sitting area full of windows, beautiful natural bamboo flooring, huge ensuite with 2 walk in closets, jet spa, and snail shower as well as direct access to the backyard patio. First floor has 3 additional bedrooms (all with beautiful bamboo flooring) 2 featuring a private full bathroom and walk in closet and the third is currently an office with dual closets. The gorgeous spiral staircase takes you downstairs to the basement that is perfect for more entraining. With a large open family room, expansive wet bar with barstool seating equipped with mini fridge, dishwasher and trash compactor, 2 more bedrooms, jack and jill bathroom and a separate powder bath, you have everything you need in this bright airy space. The detach casita is perfect for guests with a private entrance, large bedroom and full bathroom. The low maintenance serene backyard is full of mature fruit trees, multiple covered patios, seating/gathering areas, water fountain, extended pavers, beautiful trellises, outdoor fireplace and many variations of plants. A gardener's dream. Plenty of room for a pool, virtual design available. Centrally located to the 202, SanTan Mall, dining, entertainment, hospitals, top notch schools and community parks, this home is a must see! Welcome home!

23461 N 80th Way Scottsdale, AZ 85255

$1,890,000
4 Beds
5.5 Baths
3,829 SqFt
Status Active
MLS # 6785634
Property Type Single Family Residence
Price Type --
Nestled in the exclusive gated community of Desierto Vida, this luxurious custom territorial home offers unparalleled privacy and breathtaking views of Pinnacle Peak and lush saguaro cacti throughout property. Boasting 12' ceilings and a bright, open, single-level split floor plan, whole house sound system the home is designed for effortless elegance. Floor-to-ceiling windows frame the serene backyard, where a sparkling pool, spa, water feature, and 3600 sq. ft. of pavers create an entertainer's paradise. The gourmet kitchen features a large island, gas cooktop, Sub-Zero refrigerator, dual ovens, and a walk-in pantry, flowing seamlessly into the family room and nook. The beautiful primary suite includes a fireplace, dual walk-in closets, dual vanities, a soaking tub, and backyard access.. Secondary Bedrooms feauture either an ensuite or jack and jill bath set up, both with walk-in closets. On nearly an acre, this estate also offers a circular driveway, a 3-car garage with epoxy floors, a new roof, and newer AC units, embodying luxury at every turn.

6405 N 75th Avenue Glendale, AZ 85303

$1,890,000
3 Beds
1 Bath
1,904 SqFt
Status Active
MLS # 6633881
Property Type Single Family Residence
Price Type --
Property is currently zoned for R-1 Max 3.525 units/dwellings per acre Can be subdivided for high density allowing for smaller lot sizes. Rezoning is not a requirement for high density Rezoning would be required for multi-family and a pre-application meeting is required. Great investment opportunity for multi-family or multi housing, rezoning would be required. The main entrance is from 75th Avenue. This property is the perfect opportunity for multifamily development, a rehabilitation center, the possibilities for capital gains are endless! Main home will need to be demolished per seller's instructions.

5541 E Crocus Drive Scottsdale, AZ 85254

$1,890,000
5 Beds
3 Baths
4,073 SqFt
Status Active
MLS # 6697564
Property Type Single Family Residence
Price Type --
Gorgeous 5 bedroom 2 office remodel. Dramatic vaulted ceilings. Open floor plan. Solid hardwood flooring. Custom cabinets. Magnificent Gourmet kitchen perfect for entertaining. High end thermador appliances, 2 refrigerators, wine bar with wine refrigerator, and built in coffee machine. Formal dining room, separate large eat in kitchen with solid wood top that seats 8.Split floor plan.Theater room.Large master bedroom suite with separate seating/office/exercise area.Private grotto off master bedroom w/ private access door. Just remodeled master bath with oversized walk in shower.Lush landscaping front and back. Expansive entertaining backyard with huge pool, waterfall/slide, big built in bar, bbq for pool days/nights. Gazebo with fire place. Full mister system, fire pit, new putting greens

5178 W Encanto Paseo Drive San Tan Valley, AZ 85144

$1,890,000
5 Beds
3.5 Baths
5,158 SqFt
Status Active
MLS # 6725778
Property Type Single Family Residence
Price Type --
This stunning 5,158sqft custom home exemplifies luxurious living and beautiful design. Perched on an acre corner lot inside a private, gated community. A huge 4+ car garage with AC complements the modern design. The main living areas unfold with an open-concept living room, dining area, and gourmet kitchen. High-end appliances, custom cabinetry, and a generous island define your culinary experience. A sunken gazebo with an outdoor kitchen offers secluded relaxation, a well appointed outdoor kitchen, and sheltered design ensuring year-round enjoyment, The detached RV car garage with AC for multiple vehicles and ample space for grown up toys. Thoughtful design and high-end finishes throughout ensure comfort and elegance, perfect for both quiet retreats and lavish entertaining.

8347 E Arroyo Hondo Road Scottsdale, AZ 85266

$1,890,000
4 Beds
3.5 Baths
3,567 SqFt
Status Active
MLS # 6749616
Property Type Single Family Residence
Price Type --
BEAUTIFULLY updated home on a large PRIVATE lot w/ Black Mountain Views! This 4 bedroom/3.5 bath/ 3 car garage home with a den is the PERFECT retreat ! Endless tasteful upgrades include: light fixtures, ceiling fans, hardwood floors, beamed ceilings, remodeled kitchen & bathrooms, master bathroom w/ a Miele Coffee Bar & fridge. Enjoy the outdoor living with plenty of space for entertaining. Enter the spacious backyard area through a expansive retractable glass wall to a large outdoor dining area w/ patio heaters, bar/TV, fireplace, fire pit, built in BBQ w/fridge, newly surfaced Pebble-Tec pool, hot tub & grass areas. This home is a turnkey opportunity fully decorated by a professional interior designer. Furniture/decor can be purchased on a separate bill of sale. Just move in & relax!

6525 E Cave Creek Road Unit 18 Cave Creek, AZ 85331

$1,890,000
4 Beds
4.5 Baths
3,502 SqFt
Status Active
MLS # 6764016
Property Type Single Family Residence
Price Type --
Indulge in the epitome of luxury living with this impeccably crafted residence nestled in the heart of Cave Creek's coveted Hidden Rock community. Offering a seamless fusion of contemporary sophistication and timeless charm, this home is a true masterpiece. Step inside to discover a captivating open floor plan, adorned with soaring ceilings that invite natural light to dance throughout the space. The gourmet kitchen, a culinary enthusiast's dream, showcases top-of-the-line Thermador appliances and a magnificent 8-foot wine fridge, elevating every cooking experience to new heights of culinary delight. Designed for ultimate comfort and convenience, the ground floor boasts not one, but two master bedrooms, providing unparalleled flexibility and privacy. Ascend the staircase to find two additional master suites, each exuding a sense of opulence and tranquility, along with a versatile loft area that beckons for moments of relaxation or entertainment. Outside, a haven of serenity awaits, where meticulously landscaped grounds blend harmoniously with the surrounding natural beauty. Take in breathtaking mountain vistas from the front deck, or retreat to the rear deck to marvel at the awe-inspiring sight of Black Mountain, a majestic backdrop to your daily adventures. The backyard is a sanctuary of leisure and luxury, featuring a picturesque blend of stone accents and lush artificial turf, creating an idyllic setting for outdoor gatherings or quiet moments of reflection. Immerse yourself in pure bliss as you unwind in the private inground spool/hot tub, enveloped by the soothing embrace of warm water and starlit skies. Conveniently located just moments away from a myriad of coffee shops, restaurants, and boutique stores, this home offers the quintessential Cave Creek lifestyle. Don't miss your chance to experience the pinnacle of elegance and exclusivity in this exceptional Hidden Rock retreat.

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