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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15019 N Mayflower Drive Fountain Hills, AZ 85268

$1,100,000
5 Beds
4.5 Baths
3,300 SqFt
Status Active
MLS # 6786310
Property Type Single Family Residence
Price Type --
Discover the perfect blend of comfort, versatility, and outdoor living in this exceptional Fountain Hills property! Ideal for multi-generational living, a home-based studio, or vacation rental opportunities, this unique property offers incredible flexibility. The main house features 2,341 sq. ft. of beautifully remodeled living space (2015), including 3 bedrooms, 2.5 baths, and modern finishes throughout. An attached guest house adds 563 sq. ft., complete with 2 bedrooms, 1 bath, and a private screened-in patio. Additionally, a 396 sf detached guest studio provides an efficiency-style living space with a full bathroom, perfect for short-term rentals or a private retreat. Step outside to your private backyard oasis and enjoy the sparkling diving pool, a cozy gazebo with a firepit, and a built-in BBQ. Multiple outdoor living spaces, including screened-in patios off the main and attached guest houses, as well as two other covered patios, make this home an entertainer's dream. With a thoughtful 2015 remodel, including modern kitchens and baths, this home offers both style and functionality. Whether you're looking for a flexible living arrangement or a serene retreat with ample outdoor amenities, this property is a rare find. Don't miss the opportunity to make this versatile and inviting home yours!

4231 E Palm Lane Coolidge, AZ 85128

$1,100,000 - 4Br/4Ba -  for Sale in La Palma Estates Subdivision, Coolidge
New
$1,100,000
4 Beds
3.5 Baths
2,525 SqFt
Status Active
MLS # 6788690
Property Type Single Family Residence
Price Type --
This 2021 built, spacious 2,525 sq. ft. home on 3.3 irrigated acres in Coolidge, AZ, offers the ideal blend of luxury and functionality. With 4 bedrooms and 3.5 baths, the home features a large kitchen island, open concept and vaulted ceilings! Enjoy outdoor living on the extended back patio with views of the 150' x 260' roping arena. Equestrian amenities include an 8-stall barn with tack and feed rooms, wash rack and covered hay barn. The property also has an extended two-car garage, full RV hookups, a private domestic water well, and a full casita with kitchenette, laundry, and bath. Fenced with wood staves, this property is perfect for those seeking privacy, space, and equestrian facilities! Ask about our additional 3.3 acre pasture for sale adjacent to this property!

5617 E Claire Drive Scottsdale, AZ 85254

$1,100,000
4 Beds
2.5 Baths
3,058 SqFt
Status Active Under Contract
MLS # 6761281
Property Type Single Family Residence
Price Type --
This beautifully updated home is conveniently located just minutes from everything Scottsdale has to offer. The residence features a spacious, open family room with vaulted ceilings, and a wood-burning fireplace. The kitchen is designed to impress, with modern smart stainless steel appliances, a wine refrigerator, quartz countertops, skylights, and a large island with extensive storage and seating. The natural light enhances the bright, airy atmosphere throughout the entire home. All the bedrooms are generously sized with the primary suite conveniently located on the first floor. It includes a sizable closet and an elegantly updated private bathroom, complete with a modern tiled shower, contemporary flooring and cabinetry, a stand-alone tub, and ample counter space w/ dual sinks Numerous 2020 upgrades, including a Trane HVAC system, a full new roof, complete tile flooring, new windows throughout, and a smart heat-pump hot water system with smart thermostats. More recent upgrades include owned solar panels, ev charger and wired for a second, and a pool heat pump (heats in cooler months and cools in summer). The outdoor space is thoughtfully designed for both beauty and functionality, featuring a large covered patio and a pebble tech pool. The xeriscape landscaping is low-maintenance and water-efficient, attracting hummingbirds, while evening accent lighting adds charm. A vegetable garden, positioned to thrive in spring without the harsh afternoon sun, offers the perfect spot for growing tomatoes. For outdoor cooking enthusiasts, the unique penny-tiled pizza oven provides a special touch. This residence represents a perfect blend of modern enhancements, purposeful design, and an excellent locationa truly exceptional opportunity for those seeking a refined Scottsdale lifestyle.

2402 W Sunrise Drive Phoenix, AZ 85041

$1,100,000
3 Beds
2.5 Baths
3,162 SqFt
Status Active Under Contract
MLS # 6766383
Property Type Single Family Residence
Price Type --
Stunning 3-bedroom, 2.5-bath, ground level master bedroom home with a brand new roof, nestled in an amazing mountainside location offering breathtaking 360-degree views of the mountains and city lights! 20 acres of South Mountain, south of the home were just incorporated into the preserves. Enjoy city views of the valley from the north facing kitchen and while dining. Every room is designed to maximize the stunning scenery, from the endless vistas in the master bedroom to the mountain view from your office. Featuring a spacious upstairs balcony for even more panoramic enjoyment. Quality craftsmanship shines throughout! Situated on 3 acres of land, there's ample space for horses or simply experiencing the rural lifestyle—all just minutes from downtown

20872 E Mewes Road Queen Creek, AZ 85142

$1,100,000
4 Beds
2.5 Baths
2,994 SqFt
Status Active Under Contract
MLS # 6772258
Property Type Single Family Residence
Price Type --
Yippee! Welcome to your DREAM Horse Property in the desirable Orchard Ranch community! This Stunning Renovated 4-Bedroom, 2.5 Bath home sits on just shy of an acre. Featuring a Split floor plan, Vaulted Ceilings, a Stone Wet Bar, and a Gorgeous Chef's Delight Kitchen. Warm walls, and Woods combined with a Beautiful Fireplace add a cozy touch to the living space. Enjoy Entertaining outdoors with a Sparkling Pool, Soothing Spa, and a spacious covered patio, also a Ramada featuring a Fantastic Outdoor Kitchen for those summer cookouts! A HUGE 3+ car garage and TWO RV gates, there's plenty of room for all your toys and trucks. The Charming Barn, complete with two stalls, a tack room, and space for your trailers is ideal for the COWBOY/ COWGIRL! It's the Perfect combo of City and Country life!

24228 N 24th Place Phoenix, AZ 85024

$1,100,000
4 Beds
3 Baths
4,294 SqFt
Status Active Under Contract
MLS # 6769826
Property Type Single Family Residence
Price Type --
Discover this dramatic 4200sf showpiece with amazing views. Multiple upgrades and updating including Acacia wood floors, dream kitchen, gorgeous lighting, man cave family room with 3TVs and fireplace, balcony off upstairs bed, unique spa like downstairs bath. Large, private, corner lot with no one behind you OR to the North. Currently has the home set up as 4 bedrooms plus den/loft but you can use the extra rooms as an office or a gym room, too. Large driveway and 3 car garage with EV outlet. The over sized north facing backyard has plenty of grassy space as well as a resort style pool with benches, a sun shelf and a heated hot tub that waterfalls into the pool. BBQ by the pool outdoor kitchen. The Solar System keeps energy costs low.

4464 E Campbell Avenue Phoenix, AZ 85018

$1,100,000
3 Beds
3 Baths
1,573 SqFt
Status Active Under Contract
MLS # 6733217
Property Type Single Family Residence
Price Type --
Welcome to this luxurious modern home where elegance meets comfort in this stunning residence nestled in one of Phoenix's most coveted neighborhoods, Arcadia, known for its lush landscapes and Mountain View's. This contemporary design with clean lines offers an open and airy atmosphere throughout. With 3 spacious bedrooms and 3 beautifully appointed bathrooms featuring modern fixtures and luxurious finishes. A chef's kitchen with top-of-the-line appliances, custom cabinetry, countertops and a peninsula perfect for entertaining. An expansive living area seamlessly blends indoor and outdoor living with a large, multi panel sliding door providing abundant natural light and a perfect view of Camelback mountain. A private, low maintenance backyard oasis ideal for relaxation and gatherings. A serene master suite with a spa-like bathroom, soaking tub, oversized shower, walk-in closet and sliding, Arcadia door with another beautiful view of the scenic surroundings. The attached tandem garage has a lift that can fit 3 cars of the appropriate size, a two person infrared sauna, tool box, sink and a stacked washer/dryer. It is air conditioned and has a window, could be converted into livable space for modern convenience. There is a new metal roof with a warranty and insulation as well as an air filtration system for energy efficiency. Arcadia is renowned for its excellent schools, gourmet dining, and proximity to hiking trails and recreation spots like Camelback Mountain. Enjoy a lifestyle that combines urban convenience with a tranquil suburban feel.

10259 N Nicklaus Drive Fountain Hills, AZ 85268

$1,100,000
3 Beds
3 Baths
3,095 SqFt
Status Active Under Contract
MLS # 6781648
Property Type Single Family Residence
Price Type --
DESERT CANYON GOLF COURSE HOME - backs the 12th Fairway. This house comes TOTALLY FURNISHED from linens to dishes to tools in garage. Huge open main living space & kitchen offers the perfect home entertainment space plus bonus room for quiet TV/Reading time. Split Bedrooms. Master has private access to back patio. Large fenced yard allows space to add a pool if you want one or enjoy low maintenance hard scape for the seasonal owner.

3350 S Holguin Way Chandler, AZ 85248

$1,100,000
5 Beds
3.5 Baths
4,377 SqFt
Status Active
MLS # 6775658
Property Type Single Family Residence
Price Type --
Great Location, Amazing Home! Single story from the outside, basement with a theatre room on the inside. Directly off the front entry is the den/library or home office. The kitchen features granite countertops and backsplashes, GE Monogram appliances, gas cooktop and wall oven, with walk-in pantry, kitchenette and plenty of cabinetry space. Formal dining room/great room area adjacent. Relaxation is just a few steps away when you step outside onto the back patio complete with insulated electric roller shades, built in grill and pool with a new pump 2024. This wonderful 5-bedroom home has a huge master bedroom with new Anderson sliding glass doors/windows that open to the backyard spa & pool area. Master bath is complete with two double bowl sinks, separate shower and oversized tub and a huge walk-in closet with plenty of storage. Two additional bedrooms and full bath down the hall, two additional bedrooms and full bath in the basement. Full finished basement with wet bar, granite countertops and undercounter fridge. 144 mounted wall screen and projector for your 8-seat theatre room great for entertaining or gaming. Plenty of storage space to be found in this home, half bath located next to the laundry room/workout facility. New irrigation system installed 2024. Financed solar panels will be paid off at COE. Home is located next to the green space/park area in Avalon, Chandler Unified School District. Come see why this home should be your next home.

8424 E Via De Dorado -- Scottsdale, AZ 85258

$1,100,000 - 3Br/2Ba -  for Sale in Sands Scottsdale 3, Scottsdale
New
$1,100,000
3 Beds
2 Baths
2,315 SqFt
Status Active
MLS # 6789426
Property Type Single Family Residence
Price Type --
Nestled in the heart of McCormick Ranch, discover this beautifully remodeled, single-level gem. Exuding elegance and sophistication from floor-to-ceiling, this home offers a peaceful, yet dynamic, spacious split floor plan perfect for modern living. Scandinavian design inspired kitchen is truly exquisite, featuring Bosch appliances with custom paneling to match cabinets, an inset coffee machine, 5-burner cooktop, stunning kitchen island, privacy shades on sliding glass doors and windows, lighting options for every mood including under cabinet/recessed/pendant, opening to the large front paver patio and access to office/creative/bonus room with separate entry. Freshly painted interior, with perfect natural and modern lighting. Every inch of this property speaks of quality and style, making it a must-see for those seeking the ultimate in Scottsdale living. Located between two parks, minutes from shopping, restaurants, gym, pharmacy, walking/biking paths, golf, entertainment and so much more. See extensive Updates, Improvements & Enhancements List and set the intention to make this your next home in Scottsdale's most livable and desirable community.

5366 E Juniper Avenue Scottsdale, AZ 85254

$1,100,000
4 Beds
3.5 Baths
2,781 SqFt
Status Active
MLS # 6650821
Property Type Single Family Residence
Price Type --
: EXQUISITE! Stunning North/South home in sought after location. Four bedrooms and three and a half bath, two level home. This home has been completely remolded and redesigned. Fabulous kitchen with new cabinetry and quartz counters. and newer stainless appliances. All new windows throughout the home. Formal dining room, living room and family room, with high soaring ceilings. Downstairs suite with own bath. Three large bedrooms and two full baths upstairs. Half bath off living. Separate laundry and 3 car garage. Master bedroom has walk-in closet and its view balcony. Beautifully redesigned master bath with soaking tub and large open shower. Landscaping is beautiful with care free artificial grass, sparkling pebble-tech pool, fruit trees galore, two covered patios and a louvered extension

3051 W Sousa Court Anthem, AZ 85086

$1,100,000
4 Beds
3.5 Baths
4,704 SqFt
Status Active
MLS # 6738775
Property Type Single Family Residence
Price Type --
Be prepared to be impressed! Located in the heart of Anthem, Arizona, this home exemplifies modern living at its finest. Step inside this beautiful home and be greeted by new carpet throughout, custom paint, shutters, and custom light fixtures. In the master suite you'll find a home office, rod iron divide, custom curtains, and custom closets from California closets. In the kitchen you'll notice custom granite and backsplash, double ovens, updated microwave, fridge, and stove, plus reverse osmosis. In the living room there is a custom built in entertainment center and custom fireplace mantel. Laundry room custom cabinets from California closets. Added theater room with soundproofing, blackout room, projector, and speaker. Surround sound through the house. Home is set up to be a smart home. There is a second home office plus additional bedroom/den and kids study/desk area. Home could be made into 6 bedrooms with the office and den. Formal dining, breakfast bar, and great room in the home. In the garage you'll find custom garage cabinets, tank-less water heater, and soft water system. On the exterior there are 3 air conditioners, one original, one 7 years old, and one 5 years old all in good working condition. Roof was replaced 7 years ago. Plus UV sun shades on windows. In the backyard turf has been added, outside kitchen and seating area with fireplace, 2 grills, place for 5 TV's, pool 10 ft deep and spa with slide and waterfall, plus added exterior gates. Courtyard and intercom system in the front plus home set up for a security system. Replaced/repaired windows in the entire house. Added more rock and repaired the drip system and landscape clean up. Replaced almost all ceiling fans. Replaced all door handles. Owners have been in the home for 22 years and took great care of it.

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