Requirements for Buying a New House in Arizona

Dated: September 18 2021

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When buying a new house in Arizona, it’s important to make note of any requirements to hasten the buying process and to protect your interests. These may include anything from bank statements to seller’s disclosures.

Here are some documents and requirements for buying a house in Arizona.

Public Disclosure Report

One of the most important documents for purchasing a new home in a subdivision is the Public Disclosure Report, which is customarily provided to the prospective purchaser before they sign the purchase contract.

This report typically includes:

  • Assurance for completion of improvements
  • Property taxes and assessments
  • Homeowners association (HOA) details
  • Common areas and recreation facilities
  • Description of the adjacent land and its usage
  • Flooding and drainage disclosure
  • A list of utility providers (i.e. water, electricity, gas, phone, and sewage disposal)
  • A list of local facilities and services (i.e. schools, public transportation, fire protection, police protection, shopping centers, healthcare facilities, etc.)

As the buyer, you should closely read the contents of the report as well as the disclaimer on the cover sheet. You must also acknowledge receipt of the Disclosure Report (Public Report) via signature. The report is a legal requirement in the home buying process in the state.

You can send any questions about the report to the Arizona Department of Real Estate (ADRE) Development Services Division. You can also discuss the report and its contents with your real estate agent.

Deed restrictions or CC&Rs (Covenants, conditions and restrictions)

If you’re buying a home in a private community or a condo development, you’ll need to go over the deed restrictions or CC&Rs to familiarize yourself with community rules. It is also important to learn the rules governing the use of shared amenities like children’s playgrounds and neighborhood parks, particularly if the community is governed by a HOA.

Some HOAs place restrictions on certain kinds of landscaping, exterior renovations, and home additions. Some of the stricter communities will go as far as to restrict RV parking, outdoor play equipment, and satellite antennas to preserve the character of the neighborhood, protect property values, or maintain visual cohesion in the area.

Purchase contract

When going over the purchase contract, take note of where the home builder or real estate developer intends to place your earnest money (i.e. escrow company, their general funds account, etc.) This will help you determine whether your earnest money will be kept by a neutral third party. If the earnest money will not be kept with an escrow company, the purchase contract should indicate where the amount will be held.

If you’re buying a home with large swaths of vacant land nearby, it's always a good idea to check the county or city zoning maps and to call the planning and zoning department under which the property is listed. This will help you determine whether these parcels of land are zoned for residential, commercial, or industrial developments. Keep in mind that land zoned for commercial use can be a site for a shopping mall to a resort, which means that you can expect a great deal of traffic and activity in the area.

If you have school-aged children, you should also call the school district that serves the neighborhood. Depending on the timing of your move, you’ll need to know ahead of time whether the local schools are accepting new enrollees.

Home inspection report

Read the purchase contract closely to identify deadlines for conducting home inspections. Buyers are generally advised to request a termite inspection on top of a professional home inspection. The home inspection report should contain general details and photos describing the overall condition of the property. If you uncover any major structural defects, discuss the next steps with your agent.

Additionally, you must confirm that major appliances included in the sale are in good working condition. These typically include stove burners, ovens, garbage disposal, dishwashers, washers, and water heaters.

Work with experienced real estate agents to stay on top of home buying requirements. Contact Aeris House Properties at 602.671.2343, or send a message to info@aerishouse.com for inquiries.

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