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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6240 E Helm Drive Scottsdale, AZ 85254

$1,200,000
5 Beds
3 Baths
3,252 SqFt
Status Active Under Contract
MLS # 6778939
Property Type Single Family Residence
Price Type --
WOW! Spacious home in COVETED 85254 close to Kierland, Scottsdale Quarter & only 6 houses down from neighborhood park! TRUE 5 bedroom w/4 up & 1 down - makes great guest room or home office. Laundry chute leads to INCREDIBLE, oversized laundry room w/tons of counter space, built-in desk & sink. BEAUTIFUL, on-trend wood laminate floors (installed 2022) everywhere except stairs & bedrooms. Plantation shutters, updated bathrooms (2022), granite counter surfaces throughout! Kitchen features gas cooking & overlooks HUGE pebble-finish, diving pool & spa. Large covered patio, artificial turf & putting green for easy care outdoor entertaining! 3 car garage has epoxy floors, built-in cabinets & exit to backyard. PREPAID SOLAR, gas cooking/heating/dryer = energy efficiency! This is THE one!

15312 E Verbena Drive Fountain Hills, AZ 85268

$1,200,000
3 Beds
2.5 Baths
2,741 SqFt
Status Active Under Contract
MLS # 6780433
Property Type Single Family Residence
Price Type --
Built in 2016, this stunning Fountain Hills home offers modern luxury and a thoughtful layout. Featuring a split floor plan with 3 bedrooms, 2.5 baths, a dedicated office, and a spacious 3-car garage, it provides both style and functionality. The open-concept kitchen, complete with high-end appliances and a wine cooler, is perfect for entertaining, while plantation shutters add charm throughout. Outside, enjoy a solar-heated saltwater pool set against breathtaking desert views. The AC system is an energy efficient 5 zone Carrier HVAC System. With seamless indoor-outdoor flow and high-end finishes, this home is a standout in a desirable Arizona community.

6938 E Exeter Boulevard Scottsdale, AZ 85251

$1,200,000
2 Beds
2 Baths
2,300 SqFt
Status Active Under Contract
MLS # 6780608
Property Type Townhouse
Price Type --
This lovely 2 bedroom / 2 bath + office townhome is perfectly situated to enjoy the best Scottsdale and Arcadia have to offer. Walking distance to the best shopping and restaurants in AZ- close to Fashion Square, Camelback Mountain, golf, hiking, and 20 minutes to the airport. Private office space overlooks the rear patio with built in barbecue which is ideal for entertaining or just relaxing in the warm AZ weather. This turn-key property is ideal as a second home or for busy professionals or retirees who want upscale and low maintenance lifestyle. Only 30 homes in exclusive Villa D'Este and they rarely come available- Don't miss this opportunity to make this home your own!

51008 W Pete Road Aguila, AZ 85320

$1,200,000
2 Beds
2 Baths
2,154 SqFt
Status Active
MLS # 6378759
Property Type Single Family Residence
Price Type --
This Remarkable Property features a completely renovated House, a 60' x 60' Hangar PLUS 60' x 80' Hangar in a gorgeous setting! House features custom Hickory Cabinetry & solid hand-carved Hickory doors throughout. Travertine Tile countertops, Tibouron Brunito Ceramic Tile, Custom Ironwork and many other luxurious amenities. State Land across the street ensures endless VIEWS of mountains & wildlife. The professionally landscaped property showcases over 200 Trees, Shrubs & Bushes! Taxi from your fully-heated & air-conditioned Hangars to the runway for flying 300+ days per yr. Community has a 3,906' paved, lighted runway, paved taxiways/streets & community center for great gatherings. Just imagine enjoying your special get-a-away or full-time residence!

11619 N 12th Place Phoenix, AZ 85020

$1,200,000
5 Beds
3.5 Baths
3,917 SqFt
Status Active
MLS # 6641433
Property Type Single Family Residence
Price Type --
Welcome to this stunning, newly remodeled 3,917 sq foot residence, seamlessly blending modern luxury with timeless elegance. Step into an open-concept living space flooded with natural light, highlighting the meticulous craftsmanship throughout. The gourmet kitchen boasts state-of-the-art appliances, quartz countertops, and a spacious island, perfect for culinary enthusiasts. Relax in the expansive master suite featuring an inspired ensuite bathroom and custom walk-in closets. Four additional bedrooms offer comfort and versatility, while the remodeled bathrooms showcase designer finishes. The home's heart is a spacious family room, ideal for gatherings and entertainment. This residence is designed for indoor-outdoor living, with glass doors opening to a private Oasis.

3130 S Weeping Willow Court Gold Canyon, AZ 85118

$1,200,000
3 Beds
3 Baths
2,418 SqFt
Status Active
MLS # 6665810
Property Type Single Family Residence
Price Type --
FORMER MODEL located in prestigious Superstition Mountain. 3 bedrooms and 3 baths. OPEN GREAT ROOM, DINING AREA, KITCHEN LAYOUT! NEWLY REMODELED! Gourmet kitchen with Viking appliances, quartz countertops, extended 11'' island, new solid wood cabinets. Two new high efficient AC's and furnaces. VIEW FEATURE SHEET IN THE DOCUMENT SECTION FOR A FULL LIST OF FEATURES AND UPGRADES. Multiple patios for relaxing, dining and entertaining! SE orientation offers abundant sunshine with beautiful sunrises and sunsets. Premium lot abuting a wash area and overlooking the 17th tee box of the Lost Gold course. 24 HOUR GUARD GATED COMMUNITY. Two Jack Nicklaus golf courses! Not a golfer? Enjoy pickle ball, bocce, tennis, hiking and many other amenities. Country Club living at its best. Club amenities under a separate agreement. 35 minutes to Sky Harbor and 20 minutes to Mesa Gateway airports. Buyer and buyer's agent to verify all pertinent information including square footage.

4438 E Camelback Road Unit 154 Phoenix, AZ 85018

$1,200,000
3 Beds
2.5 Baths
2,840 SqFt
Status Active
MLS # 6673033
Property Type Townhouse
Price Type --
The most desirable location, The Village At Camelback Mountain. this end unit features patios on 3 sides. It boasts fresh paint thru out, newer carpet, updated kitchen with granite countertops with recent appliances, including a dishwasher and refrigerator-2020. The home features beautiful new tile flooring newer oak cabinets, and updated Mstr. bath with granite countertops,newer cabinets, and tile floors. All 3 bedrooms are located upstairs. The master suite includes an en-suite bathroom,while the 2 additional bedrooms share a second bathroom. There is also a 1/2 bath downstairs for guests. The great room includes a fireplace. There is a formal dining rm + a breakfast bar. The wrap-around covered patio adds to the charm. Amenities include 2 community swimming pools, (see more) two community tennis courts (one with pickle ball), an guard gate. Located next to Village Tennis Club, this prime location is just 10 minutes from the airport and close to Scottsdale shopping and dining options like The Henry and Steak 44.

744 E County Down Drive Chandler, AZ 85249

$1,200,000
4 Beds
3.5 Baths
3,600 SqFt
Status Active
MLS # 6715671
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the exclusive gated community of Fieldstone Estates! This stunning single-level residence sits on a premium 1/3-acre corner lot, offering unmatched privacy with no neighbors behind and serene greenbelt views. From the charming courtyard with a gas fireplace to the resort-style backyard featuring a Pebble Tec pool surrounded by ivory limestone, a pergola, and a built-in bar, this home is the ultimate retreat for relaxation and entertaining. The beautifully remodeled kitchen boasts custom white cabinetry, quartz countertops, a striking quartzite island, stainless steel appliances, dual ovens, and a gas cooktop—perfect for any culinary enthusiast. Step outside to the convenient gas BBQ, just off the kitchen, with a paver pathway leading to the extended covered patio and a stunning quartz outdoor dining table, ideal for alfresco meals. The split floor plan is thoughtfully designed to ensure privacy, with a luxurious owner's suite featuring a spa-like bath, a soaking tub, and a walk-in shower. Just off the master is a dedicated office space, perfect for working from home. Adding to the home's versatility, the dining room or gym features elegant glass doors and coffered ceilings. The private guest suite and Jack-and-Jill bedrooms provide comfortable accommodations for family or visitors. Additional highlights include plantation shutters, tile floors, an extended 3-car epoxy-coated garage w storage, and access to community walking paths, playgrounds, and serene green spaces. Don't miss this rare oasis in Fieldstone Estates.

10804 N 146th Avenue Surprise, AZ 85379

$1,200,000
6 Beds
3.5 Baths
5,167 SqFt
Status Active
MLS # 6756033
Property Type Single Family Residence
Price Type --
Welcome to the rapidly growing city of Surprise! This 5,167 sq ft home on a one-acre lot is perfect for a family and entertaining! It features a massive 6ft deep pool, jacuzzi, bar/grill area, and a private 18-hole golf course with 2 sand pits. Inside, the open kitchen has custom cabinets, stainless steel appliances, a built-in fridge, granite countertops, an island, and a butler's area for food preping. The massive owner's suite offers a sitting area, dual sinks, and a large walk-in closet. Upstairs, there are 5 more bedrooms, game and media rooms, and recessed lighting throughout. With a solar roof, security cameras, 10+ 30ft palm trees, a 4-car garage, and built-in storage, this home has it all!

4072 E Zion Way Chandler, AZ 85249

$1,200,000
5 Beds
4.5 Baths
3,628 SqFt
Status Active
MLS # 6764001
Property Type Single Family Residence
Price Type --
Won BEST HOME ON TOUR! November 2024! Breaking news! The seller is offering $40k towards a pool (renderings in the photo section) with an accepted and executed full asking price contract. Stunning 5-Bedroom Home with In-Law Suite in Premier Chandler Neighborhood! A beautifully designed residence that offers space, luxury, and versatility, perfect for today's modern lifestyle. The heart of the home, the open-concept kitchen and living room offers a spacious, airy feel. The living room flows seamlessly, creating a welcoming space for family and friends. The 2nd primary bedroom is ideal for multi-generational living or extended guests, this suite includes its own private living room separate from the bedroom, offering comfort and privacy.

1540 E Sharon Drive Phoenix, AZ 85022

$1,200,000
4 Beds
3.5 Baths
3,900 SqFt
Status Active Under Contract
MLS # 6657328
Property Type Single Family Residence
Price Type --
Make yourself at home in Moon Valley's privately gated Views at Mountainside enclave! Enter this custom home through the enchanted courtyard with the peaceful sounds of the water feature as you enjoy the view from the front patio. When you open the door to this home, you will see and feel a bright and inviting atmosphere complete with elegant soaring ceilings, travertine flooring, dedicated formal dining and two spacious living rooms. The eat-in kitchen provides granite countertops, ample custom cabinetry, double ovens, and a cozy breakfast nook. Utilize the wet bar as you host effortlessly with two large back covered patios, a built in BBQ and a sparkling swimming pool wrapped with captivating views of the surrounding Lookout and Phoenix Mountain Preserve. The expansive primary suite has the perfect space for reading, working out or simply enjoying the mountain views. The primary bathroom has a large soaking tub, dual vanities and a large walk-in closet. Enjoy the perks of an extended 3-car garage with additional storage. This home has only had one owner and offers easy access to a wide variety of world renowned golf courses, hiking + biking trails, restaurants, Paradise Valley Mall and Mayo Clinic. This gem truly has it all!

4755 S Pura Vida Way Gold Canyon, AZ 85118

$1,200,000 - 3Br/5Ba -  for Sale in Replat Pasion Of En La Colina Del Cascabel, Gold Canyon
Open House
$1,200,000
3 Beds
5 Baths
2,881 SqFt
Status Active
MLS # 6743975
Property Type Single Family Residence
Price Type --
Awe-inspiring residence nestled on a private cul-de-sac with stunning mountain views from every angle! Fall in love with the marvelous desert landscaping and ample courtyard for enjoying your morning coffee. The perfectly designed layout has formal dining, a semi-open den w/a built-in bookcase, and a bright living room w/a wood-burning fireplace. Cook like a chef in the eat-in kitchen showcasing an island w/breakfast bar, granite counters, SS appliances, a walk-in pantry, tile backsplash, and wood cabinets w/crown moulding. Retreat to the main bedroom to find a separate backyard access, a walk-in closet, and a spa-like ensuite. A jetted tub, two vanities, and a floor-to-ceiling tiled shower complete the main bathroom! The home also offers a dry bar for a wine area, a half bathroom w/vessel sink, and an attached casita. The casita includes a kitchenette, a spacious living area, a bedroom, and a lavish bathroom. Host fun gatherings in the paved backyard featuring a covered patio, a refreshing pool and spa combo, an outdoor shower, a charming balcony, and exquisite mountain views. See it, love it, live it!

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