New Purchase Contract

Did you know that Arizona Association of Realtors (AAR) put out a new purchase contract and supplemental Addendums, including a required Loan Pre-Qualification form, in February of this year? The contract has been used exclusively since March 1st, 2011; although there are still some agents, brokers and companies out there using the old contract! Whether you are a buyer or a seller this puts you at risk or at the very least facing a counter offer demanding proper/current forms. Make sure whomever you work with and is representing you (if in the far off chance it is not me) is an expert and has had training and experience with the new contract and forms. You don’t want someone “practicing” on you and with your house! I have been through training and several successful escrows and closings with the new contract. You also want to make sure your lender is on board with the new Pre-Qual and LSU requirements they are facing as well. It is a team effort. If you have any questions it would be my pleasure to speak with you about all of the details of the contracts and negotiations. Your personal Realtor! Renée