When you buy a home in Arizona, you want to know what you are getting into. Typically, according to the Residential Purchase Contract, the first ten days are an opportunity for homebuyers to inspect their potential purchase. During this time, if the buyer finds something they disapprove of they can give the seller notice and cancel the potential sale. In a situation like this, a reason is stated and the buyer would receive their earnest money back from the title company.
Arizona Buyer Advisory
The buyers Due Diligence means so much more than hiring a home inspector and expecting the home inspector to do all the heavy lifting. The Buyer Advisory is a great tool for buyers guidance with Due Diligence and bring up issues for the buyer that the buyer may not have thought of inspecting.
The CLUE Report or Insurance Claims History
Home sellers use to have to provide a CLUE Report. CLUE stands for Comprehensive Loss Underwriting Exchange. It is a nationwide database that contains insurance claims history of properties. In 2011 the Residential Purchase Contract changed and now the seller can still offer a CLUE but they can also get a letter of experience from their insurance agent.
Septic Systems & Septic Transfer
If you are a buyer buying an Arizona Horse Property, you will most likely need an On-Site Wastewater Addendum attached to your Purchase Contract. If you are not familiar with an On-Site Wastewater Addendum or Septic Transfer form, your REALTOR® can walk you through and explain the transfer fees and what is required of the seller. If you are not using an Arizona Horse Property Specialist, this could be a good argument to consider using one. Anything you want to know about your septic system should be explored during the buyer due diligence period. Read more about Septic Systems.
Mold Inspections in Arizona
Another thing that is worth mention is mold. Mold can be very dangerous and should not be taken lightly. Protect yourself and learn more about what to do if you find or see mold in your home. Read more about Mold.
Arizona Pool Barrier Laws
Arizona has a serious drowning problem with children under five years old. Because of this, each Arizona city has it’s own laws on access to the pool. Typically gates need to open out and there must be some type of fencing around the exterior of the pool. Barriers not only keep your own children safe but are intended to keep neighborhood children safe as well. Pool Barrier Pamplet.