Posts Tagged ‘Arizona real estate law’
‘Contract for Deed’ is Allowed Under Arizona Law
Question: We are buying a 40-acre parcel of land in Apache County for $400,000, with a $40,000 down payment. Instead of a standard purchase contract, however, the seller wants to use what he calls a “contract for deed.” In other words, although we will initially pay the $40,000 down payment, we will not get the…
Read MoreHouse Sale Commission Is Owed When a Buyer Is ‘Ready’
Question: In a recent column you said that the seller still owed the listing broker a 6% real estate commission when, the day before close of escrow, the buyer of a Peoria home said that he no longer wanted to buy the home, and that he would forfeit to the seller the $5,000 earnest money…
Read MoreCan Rules Be Amended to Prohibit Short-Term Rentals?
Question: Although your Q& A column has said several times in the past few years that a community can amend HOA covenants, conditions, and restrictions (CC&Rs) to prohibit short-term rentals, didn’t the Arizona Supreme Court recently rule that an HOA community cannot amend CC&Rs to ban short-term rentals? In other words, can or cannot CC&Rs…
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