What does the close of escrow mean?
A term that is mentioned over 35 times in the AAR Purchase Contract is the phrase close of escrow. Many buyers from the east coast mistakenly believe that when they sign the final documents at the title/escrow company, the transaction has closed. Not so in Arizona. Continue reading to find out all the activities surrounding the close of escrow.
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AAR Residential Real Estate Contract Contingencies
When the contract has been signed by both the buyer and seller, it’s a done and the buyer must cannot back out, correct? Not so fast! There are events in the contract that must be fulfilled and also give the buyer the opportunity to cancel the contract and receive a refund of their earnest money. The to find out more about these “contingencies”, continue reading.
Continue reading “Understanding Contingencies in the Arizona Real Estate Contract”