Real Estate Contracts
Implied Warranties for New Homes
Question: Four years ago we bought a new home in Buckeye from a homebuilder. Last week during heavy rainfall we had a major roof leak. The next day, when we called the homebuilder’s sales representative that sold the home to us, she said that we only had a two-year warranty for our home. She then…
Read MoreResolving Earnest Money Disputes
Question: We signed the standard Arizona Association of Realtors purchase contract (“AAR Purchase Contract”) to buy a home in Glendale. We deposited $12,000 earnest money. The seller, however, didn’t disclose that there was a “pickleball” home next door with loud pickleball tournaments on weekends. Our broker, who is a family friend, told us of this…
Read MoreRecourse for Unknown Tenants
Question: We recently purchased an investment home in the San Tan Valley for $425,000 cash. When our real estate agent showed us the home, this home had some furniture in the living room and in two of the bedrooms. Our real estate agent said that he thought that was furniture left behind by the last…
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