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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15864 N 115th Way Scottsdale, AZ 85255

$3,775,000
3 Beds
3.5 Baths
4,285 SqFt
Status Active
MLS # 6746160
Property Type Single Family Residence
Price Type --
Elevated Extravagance! Ricci Renovations unveils another jewel within The Retreat at One Hundred Hills, a guard-gated community in McDowell Mountain Ranch. Views from every room, the transformation was just completed, ready for enjoyment & memories to be made. A freshly painted exterior w/ travertine entry leading up to the 12' arched wood front door provides a terrific initial impression. Upon entering, you immediately notice the new 10' sliders framing the new pool & majestic mountain views. The brand-new European oak wood floors are gorgeous & run throughout the main areas while hand-selected tile differs in each bath. The spectacular kitchen offers an all-new Thermador appliance package, Perlato Taj Satin quartzite counters waterfalling on 3 sides that sit atop rift oak & macaron green counters. The locally custom-made Supra Mat & textured laminate cabinetry bring warmth & luxury to this fabulous estate. The primary suite showcases a 14-light centerpiece pendant & a gas fireplace wrapped in matte charcoal tile with aspen logs. The primary bath is an oasis with floating cabinetry, Calacatta Maywood quartz counters, soaking tub, redesigned/oversized shower with his and her heads, all adorned with brilliance black onyx Brizo finishes. The closet is spacious, also with custom cabinets, plus there's a dedicated exercise room. The built on-site gas fireplace, 72'' linear open face with herringbone brick & glass bed, in the family room is a showstopper. It overlooks the city below providing the perfect gathering spot. Other features include a shiplap ceiling in the dining, a Chevron wall in the office, deco tile accent wall in powder & carbon reflective glass tile with light-embedded floating shelves on the bar. Both guest rooms have walk-in closets, ensuite baths with floating cabinetry, Ripieno satin quartz counters & faucets/showers with Brizo selections. The backyard is ideal, covered in silver storm travertine that surrounds an all-new sparking pool, spa, deco-tiled water feature wall, firepit, BBQ station & large turf area. The backdrop of city lights & the McDowell Mountains are incredible, day or night. The 4-car garage has all-new epoxy flooring & lighting. A new roof underlayment in 2023 has a transferrable lifetime warranty. HVAC units were replaced in 2012, serviced in 2024 & are in great working condition. 2 new water heaters & a water softener. The community has a heated pool & spa alongside 2 tennis courts. There are also 2 more community centers within MMR that offer pickleball, tennis, basketball, playgrounds, pools, hiking & biking trails as well as an aquatic center. North Scottsdale living at its finest.

770 Forest Service 461 Road Fredonia, AZ 86022

$3,750,000
2 Beds
1 Bath
1,170 SqFt
Status Active
MLS # 6785689
Property Type Single Family Residence
Price Type --
Discover a unique opportunity to own the only privately-owned land and thriving RV park with hook-ups and a tent camping village near the North Rim of the Grand Canyon. This exceptional property is completely surrounded by National Forest, offering unparalleled access to scenic FS roads and trails for endless exploration. Just a one-hour drive (30 miles) from the Grand Canyon North Rim entrance, this location is also conveniently close to Jacob Lake Inn, a gas station, and the 67 highway. The property features a livable primary residence cabin and comes with special use permits from Coconino County. Nearby attractions include the historic Ranger Station, AZGFD Deer Check Station, Jacob Lake Inn (offering food, gifts, a food truck, gas station, and additional lodging options), and Jacob Lake trail rides. Other notable destinations within reach are Lake Powell (80 miles), Bryce Canyon National Park (115 miles), and Zion National Park (79 miles). The area is perfect for hiking, biking, snowmobiling, and cross-country skiing, with well-maintained roads providing easy access. The RV park offers amenities such as showers, clean toilets, an RV dump, and a water fill stationthe only one available on the North Rim. Jacob Lake is located on the property, adding to its charm and potential for development or expansion. The primary cabin is equipped with Starlink (buyer to confirm), and there is potential for future broadband service with SC Broadband, which could provide internet access for the entire park (buyer to confirm). The property includes a 3,600 sq. ft. shop/warehouse and 24-hour laundry/shower facilities available to park guests and others in the area. With flexible owner-carry terms and a lot of personal property included with a good offer, this is a rare chance to own a piece of history. The current owners live on-site year-round and have reliable UPS service, even in winter. Lot dimensions are approximately 2,500 ft x 3,500 ft (buyer to confirm), and a Seismoelectric Survey for a new well site has been conducted. Don't miss out on this quiet, first-stop destination for lodging, camping, and RVing en route to the North Rim. Inquire today to learn more about this incredible property!

1527 N Wickiup Road Apache Junction, AZ 85119

$3,750,000
5 Beds
4.5 Baths
4,525 SqFt
Status Active
MLS # 6769677
Property Type Single Family Residence
Price Type --
Horse Trainer, Team Roper or Barrel Racer's Paradise! This highly desired 8.5-acre lot at the base of the Superstition Mountains. Complete with a Center Isle Barn including 6 stalls plus outs, tack room, office, feed room and bathroom/storage room with washer and dryer hook ups. Outdoor you'll find an attentional 7 stalls. 4 of them are 20' x 15 ' fully covered with covered isle way and 3 stalls 12'x36' partially covered. This Income potential property gives you options like; boarding, team roping, gymkhana, barrel racing, etc.. Currently doing open team roping practice 2-3 days a week. It's the only team roping practice open to the public in the East Valley. 150'x280' lighted roping arena with sand. Chute Help automatic roping chute, lead up chutes and stripping chute.

10224 N Azure Vista Trail Fountain Hills, AZ 85268

$3,750,000
5 Beds
6.5 Baths
6,310 SqFt
Status Active
MLS # 6770517
Property Type Single Family Residence
Price Type --
Experience the pinnacle of sophistication with this meticulously designed home, positioned alongside the 7th fairway of FireRock private golf course. North-South facing home embraces both luxury and comfort! Open concept chef's kitchen with Viking and Bosch appliances, gas stove cooking, double ovens, staggered cabinets, walk-in pantry, center island, fireplace and plenty of mountain and golf views! Primary bedroom is privately situated on this level along w/2 guest bedrooms, den and laundry. Staircase leads to lower level with 2nd primary bedroom, guest bedroom, 2nd family room, wet bar, wine room, theater, game room. Extend your party to the backyard resort featuring large covered patio, contemporary pool and spa, gas grill, gas fire pit, travertine patio and spectacular sunsets! AC/WATER HEATERS/ROOF Water heater main level - Gas, 50 gallon (2020) Water heater lower level - Electric, 50 gallon (2019) First floor hot water recirculation system for quick hot water at faucets & showers 5 AC units (2 main level / 2 lower level / 1 garage) AC garage Senville mini-split (2024) Roof original standing seam metal, flat foam resealed (8/2024) Santec high-end luxury faucets, shower systems and tub fillers For reference visit: Widespread Lavatory Set - Santec 3 Natural gas interior fireplaces (main living / lower living / main primary bedroom ) 1 Natural gas fire pit Home is Wired for Alarm System Including Flow Sensor in Fire Sprinkler System BEDROOMS/BATHS 5 bedrooms, 6 1/2 baths. Each bedroom has an en suite bath (3 main / 2 lower) 2 bedrooms are primary suites - one main level, one lower level. 1/2 powder bath is located on main level KITCHEN - VIKING APPLIANCES

5112 E Pasadena Avenue Phoenix, AZ 85018

$3,750,000 - 5Br/5Ba -  for Sale in Royal Palm Estates, Phoenix
New
$3,750,000
5 Beds
5 Baths
4,420 SqFt
Status Active
MLS # 6784725
Property Type Single Family Residence
Price Type --
Prime Arcadia location with drop dead views of Camelback Mountain. North/South exposure. Cul de sac lot. Short walk to Royal Palms, AJ's and numerous restaurants.

18720 N 101st Street Unit 2012 Scottsdale, AZ 85255

$3,750,000
3 Beds
4 Baths
3,157 SqFt
Status Active
MLS # 6576548
Property Type Apartment
Price Type --
**NEW CONSTRUCTION** The best opportunity to be inside the gates of Silverleaf at a competitive price. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private resort community of Silverleaf. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

18720 N 101st Street Unit 2019 Scottsdale, AZ 85255

$3,750,000
3 Beds
4 Baths
3,239 SqFt
Status Active
MLS # 6635492
Property Type Apartment
Price Type --
The FINAL and much anticipated phase of the highly successful Icon project now available with construction well underway and estimated completion in 2024. This is not only an opportunity for extraordinary views and new construction , it also continues to be the best opportunity to be inside the gates of Silverleaf. ICON at Silverleaf offers an unlimited lifestyle with the lock-and-leave luxury of exceptional single-story flats amid the incomparable beauty of Arizona's McDowell Mountains. This rare and unique offering of spacious, open-concept residences affords the very best of all possible worlds, close to the cosmopolitan conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert behind the gates of the truly iconic upscale private resort community of Silverleaf. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

7147 N 23rd Place Phoenix, AZ 85020

$3,749,000
4 Beds
4 Baths
4,539 SqFt
Status Active
MLS # 6736159
Property Type Single Family Residence
Price Type --
Discover unparalleled luxury living in this meticulously renovated, exquisite hillside retreat boasting breathtaking views of the downtown Phoenix skyline. This two-story, 4-bedroom residence with a den and 4 bathrooms with European White Oak wood floors throughout, offers a blend of modern elegance and serene comfort. The Grand entrance of the foyer seamlessly flows to the main living areas, where a spacious Great Room awaits, complete with a cozy gas fireplace and electronic shades for effortless ambiance control. Entertain in style with a wine room and a sophisticated wet bar featuring an ice maker. The sleek gourmet kitchen features wood and tile floors, a breakfast nook, and indoor outdoor dining features, perfect for enjoying Arizona's sunny days. The floating stairs... embodies an art-like essence ascending to the primary bedroom suite, offering a private sanctuary with its own gas fireplace, walk-in closets, and a luxurious bathroom retreat. Additional highlights include a formal dining area, a laundry room with a sink for added convenience, and a 3-car garage for ample storage. This meticulously designed residence combines modern amenities with panoramic views, promising an unparalleled lifestyle amidst the beauty of the Arizona landscape.

55 Cibola Drive Sedona, AZ 86336

$3,700,000
3 Beds
2 Baths
3,577 SqFt
Status Active
MLS # 6781179
Property Type Single Family Residence
Price Type --
A Wine Enthusiast's Dream Home in Sedona Welcome to your dream sanctuary in Sedona, where every detail caters to the consummate wine enthusiast. This exceptional estate boasts 3,577 square feet of thoughtfully designed living space, elevated to capture breathtaking 360-degree views that are simply unmatched. The sellers have raised the roof to maximize the vistas, complemented by a sprawling 1,408-square-foot main deck and a 329-square-foot covered sky deck, creating an unparalleled indoor and outdoor living experience. The great room, expansive yet cozy, features a stunning beehive fireplace adorned with a unique Alligator Juniper mantle, making it the perfect gathering spot. Retreat to the luxurious primary suite, where you'll enjoy direct access to your private outdoor hot tub, allowing for peaceful evenings under the stars. The spa-like bath is a true oasis, adorned with exquisite Lucy Paradise stained glass that adds a touch of artistry to your everyday routine. This estate also includes two additional guest bedrooms and a versatile flex room, ensuring ample space for relaxation and rejuvenation. Nestled alongside National Forest, the property offers a serene and private environment, perfect for those seeking respite from the world. A hidden gem of this home is the detached historic wine tasting room and cellar, celebrated by Wine Spectator for its design and functionality. Here, you can entertain guests in stylewhether indoors or outdoorsand access your perfectly temperature-controlled cellar featuring an impressive selection of 1,600 bottles. This Sedona residence is not just a home; it's a true bucket list destination, inviting you to indulge in the finest wine experiences amidst the natural beauty of the red rocks. Don't miss the opportunity to own a piece of paradise tailored for a lifestyle of elegance and enjoyment.

37200 N Cave Creek Road Unit 1009 Scottsdale, AZ 85262

$3,700,000
3 Beds
3.5 Baths
4,556 SqFt
Status Active
MLS # 6564876
Property Type Single Family Residence
Price Type --
Desert Mountain GOLF Membership is available with this home. Stunning Cullum home at the Seven community at Desert Mountain. Light and bright great room floor plan that features three en-suites , additional family room and powder room. Expansive kitchen with large center island and is equipped with Subzero, Wolf and Cove appliances. A modern beautiful fireplace is a focal point in the great room. Expansive multi slide glass doors lead to a large covered patio. Enjoy great views of Renegade hole number 13, majestic mountains, and fabulous sunsets. Walking distance to the Seven clubhouse to enjoy dining, bocce ball, and the fabulous par 3 golf course. For more than three decades, Desert Mountain has been providing its Members with one of the world's finest year-round golf and lifestyle experiences. The Club's master plan was conceptualized by Taliesin Associated Architects, a firm founded by the legendary Frank Lloyd Wright, and designed to subtly harmonize with the magnificent natural landscape that surrounds the illustrious 8,300-acre property located in North Scottsdale Arizona. The Desert Mountain Club features Seven golf courses, seven clubhouses and nine different dining options from formal to casual. The Sonoran Fitness center and Spa offers the newest equipment and is staffed with top wellness and sports professionals, the expansive Fitness Center has everything you need for a total body workout, from muscle conditioning and flexibility to private personal training, group classes, and on-site physical therapy. The beautifully appointed Spa offers a wide range of services, including therapeutic massages, repairing facials, haircuts, color, and even acupuncture treatments.The Tennis Complex features five state-of-the-art Har-Tru green clay tennis courts, three fast-playing hard courts, and a spectacular stadium grass court. Members can enjoy spirited competition and socializing on six pickle ball courts. In addition Desert Mountain has a private trail system that borders the Tonto National forest and encompasses 20 miles of panoramic desert scenery and lush mountain flora. By two feet or two wheels, explore the eastern slope of the Continental Mountains, enjoy views for miles from the 4,100-foot summit that overlooks landmarks like Skull Mesa, Elephant Butte, and Harquahala Peak. Desert Mountain is proud to be distinguished by the Platinum Clubs® of America, considered as the most respected recognition in the private club industry. Every two years, clubs are judged for their history, ability to attract and retain exceptional members, and the experience delivered. Criteria include recognition, excellence in amenities and facilities, staff and professional services, quality and commitment of membership, governance and prudent fiscal management, adapting to changing times, and overall experience. Desert Mountain Club currently ranks #14 in the country on the 2021-2022 list, and is the highest ranking club in Arizona in the Country Club category.

10755 E Cholla Lane Scottsdale, AZ 85259

$3,700,000
5 Beds
4.5 Baths
5,363 SqFt
Status Active
MLS # 6760257
Property Type Single Family Residence
Price Type --
Beautifully renovated 5,300+ sqft estate in the Cactus Corridor on over an acre! This truly move in ready home features both cosmetic and mechanical upgrades. All new Trane AC units, all new energy efficient windows, new multi slide doors, new pool equipment, new pebble Tec, and fresh landscaping to name a few. The lavish interior includes features like real wood floors, soaring ceilings, new kitchen with high end appliances and custom cabinetry, and a fully stoked prep kitchen. The primary suite is truly a retreat with amenities like its own private sitting room, a fireplace, a luxurious bath, and its own laundry room. The primary bath offers sink sinks and a makeup vanity, a tiled shower with multiple shower heads and body jets, and a custom closet. This is truly a must see!

8635 N Tatum Boulevard Paradise Valley, AZ 85253

$3,700,000
6 Beds
4.5 Baths
4,817 SqFt
Status Active
MLS # 6774272
Property Type Single Family Residence
Price Type --
Breathtaking Paradise Valley retreat that has been meticulously transformed into a modern sanctuary, epitomizing the essence of contemporary elegance. This residence has undergone an extensive renovation, seamlessly blending sophistication with the allure of Arizona's outdoor lifestyle. The home is designed to captivate with its emphasis on clean lines, abundant natural light, and a layout crafted to optimize the joy of indoor/outdoor living. The property boasts a newly added heated pool, spa, and a pristine white travertine deck, creating a picturesque oasis perfect for entertaining as well as a new roof added in 2023. Meticulously landscaped surroundings, which include a barbecue area, hardscaping, in-ground trampoline, bocce ball, and a putting green. Modernized interior includes custom artistic wall coverings, sensational matte black flat-panel kitchen cabinets with warm wood elements and stainless steel appliances along with no grout lines metallic stained concrete floors. Primary bedroom with exit to relaxing spa is an utopian escape with zen spa-like bathroom and grand closet. Total 6 bedrooms 4.5 bathrooms plus an office, 3 car garage with Tesla electric charger, RV gate, plus plenty of additional parking. Straight line 10 miles to Phoenix Sky Harbor Airport. Across the street from hiking/biking trail! Perfect for Airbnb or VRBO! NO HOA! No short-term rental restrictions in CC&R's. Can be sold turnkey!

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