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[Music] an arizona residential purchase agreement is a legal document between the buyer and seller of a home it states the proposed purchase price closing date financing plans on any other terms and conditions within the transaction in this video well cover how a residential purchase agreement works legal requirements in arizona and what you need to create one were eforms the biggest online database for legal documents stick around and well tell you where you can find an official residential purchase agreement specific to arizona first lets review how does a residential purchase agreement exactly work a residential purchase agreement acts as an official offer from a prospective buyer to the seller of a house in addition to stating how much the buyer wants to pay for it the document also outlines financing escrow and the conditions that must be met for the agreement to stay in effect the seller once theyve reviewed the agreement can either accept reject or make a counteroffer this