How long is the typical duration of a real estate contract in Arizona?

The typical duration of a real estate contract in Arizona is generally between 30 to 90 days. This timeframe is common for purchase agreements and is designed to provide sufficient time for the buyer to complete necessary due diligence, secure financing, and for both parties to navigate through closing processes.

Contracts longer than 90 days or shorter than 30 days might occur, but they are less common and usually driven by specific circumstances. For example, a longer duration may be suitable for unique transactions or where extensive repairs or inspections are needed, while a shorter timeframe might be practical in competitive markets where swift offers are advantageous. However, the 30 to 90-day range is considered standard in the industry, balancing the need for thoroughness with the urgency of real estate transactions.