Arizona Contracts – Buyer-Seller – The Process and Flowchart

Our clients often ask why does it takes so long for a buyer to close on the home and obtain a loan. The contract brings in many participants to successfully close a transaction.

  • The REALTORS for the Buyer and Seller
  • Loan: Loan Officer, Processor, and Underwriter
  • The Appraiser – who works for the Lender
  • The Inspector – who works for the Buyer
  • Escrow Officer – The neutral party managing the Funds, Title Commitment, Insurance, Loan payoffs, Property taxes, and HOA demand letters.

Here’s a flowchart to give you a general idea of the process (days/deadlines vary by contract and loan type)

Buyer Transaction Contract Timeline.JPG

About Farhat and Associates Real Estate - Broker/Owners, EPro

Full-time REALTOR/Brokerage serving the Phoenix Valley since 2004 Professional - Our backgrounds were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Certifications - Certified Residential Specialist (CRS), ePro, CDPE Personal - Our passions are our family, our furry child, outdoor activities, reading, photography, golfing, travel, and discovering new foods/restaurants.
This entry was posted in Buyer Advice, Investor-Landlord, Seller Advice. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s