Purchase Contract Changes For Your Tucson Home Purchase

Dated: 02/11/2017

Views: 172

Image title

There has been a recent revision in the Arizona Association of Realtors Residential Resale Real Estate Purchase Contract effective February 2017.

Buyers need to be aware that the seller warranties have been removed from the contract.  What that means is the new contract is an “as is” contract, where the seller makes no warranty to the Buyer “either express or implied, as to the condition, zoning, fitness for any particular use or purpose of the premises”.    To some of you that is shocking.  But don’t panic yet!   The contract does go on to state that Seller shall maintain and repair the Premises so that at Close of Escrow, the premises (including all personal property included in the sale), will be in substantially the same condition as on the date of Contract acceptance.   Of note, is that once the contract has been accepted, the buyer is protected through the Due Diligence period, that runs for 10 days of contract acceptance.

This  “as is” provision is actually beneficial to buyers because it underscores the importance of having a home inspection performed and the importance of reading the report thoroughly to understand the actual condition of the house during the Due Diligence period.  It also places importance on having further investigations on any big issues that are noted in the inspection report. 

This new “as is” provision does not take away the right of the buyer to request repairs or improvements to the property and address them in the Buyer’s Inspection Notice and Seller’s Response form (BINSR).  But it be aware that the seller is not obligated to engage in negotiations for repairs.  However, he/she would be foolish not to if it’s going to mean that the contract gets cancelled and the house goes back on the market.  That’s time lost for the seller and  risks not receiving an offer that was comparable to the first offer.

So note to buyers, engage in the due diligence process.  You are the one making a large financial decision using your money and credit.  Be informed.  Use the time frame to learn as much as you can about the property. 


Maria Trujillo

Selling or buying a home is more than just a transaction—it’s a life changing experience for you! That’s why providing you exceptional, personalized service is imperative. By understanding you....

Latest Blog Posts

For Renters Or Potential Buyers

Are you currently renting?  Thinking about buying.  Watch to find out whether now is a good time or if waiting is more.

Read More

Tucson West Side Private Acre Plus 4 Bed Home Nestled In Lush Desert Vegetation

Private, 1.31 acre lot nestled in the desert hills and surrounded by lush desert vegetation.  Never worry about a neighbor hearing your every move or you hearing them!This 4 bed 2.5 home

Read More

Coming Soon 4 Bed 2 Bath Home In Tucson South West Area 1873 Sq Ft

This 4 bed 2 bth 1873 sq ft home has been lovingly maintained since it was built in 2002.  Home sits on extra wide lot so there's lots of space between neighbors on both sides.    All

Read More

Gorgeous Land Lot In Coyote Creek Gated Community

Nestled in the most serene, private, and upscale section of Coyote Creek, this lot has everything you need to build your dream home. Nearby homes are elegant, custom homes and builder has plans

Read More