What Buyer Should Know About the Contract - If you are buying a home in Arizona, the standard form used is the 9-page Arizona Association of Realtors® Residential Resale Real Estate Purchase Contract (07/00) ("Contract"). The following information highlights ten areas of the contract that a home buyer should review and understand.  (Note: if you are purchasing a new home, the new home builder typically requires irs own contract.)

The "Top Ten" list of important areas in a contract does not mean that the other areas are unimportant. There are many important provisions in the contract and the buyers must carefully read the entire contract and all other documents relating to the purchase of their property.

1. Agency Confirmation (lines 2-3)
2. Earnest Money (lines 4-11)
3. Fixtures, Personal Property, and Leased Equipment (lines 19-32)
4. Financing Options (lines 51-101)
5. Title and Vesting (lines 105-129)
6. Sellers Property Disclosure Statement (lines 141-142)
7. Swimming Pool Regulations (lines 165-174)
8. Inspections / Final Wlakthrough (lines 192-234; 266-270)
9. Buyer Reasonable Disapproval (lines 238-253)
10. Mediation (lines 311-322)