Navigating the Phoenix Real Estate Market: Answers to Your Top Questions

The Phoenix real estate landscape has recently shifted into a more buyer-favorable position, but it remains a complex environment of legal and environmental considerations. With over 51,000 licensed agents in the region, staying informed is the best way to protect your investment. Here is a friendly breakdown of the most common questions we hear from local buyers and sellers as they navigate this new market.

Do I really need to sign a contract before I even look at a house?

Yes, as of August 2024, if you are working with an agent who has MLS access, Arizona law requires you to sign a written Buyer-Broker Agreement (BBA) before they can show you any residential for-sale property. This agreement formalizes your relationship, ensuring your agent acts as your fiduciary with a legal duty to put your interests first. If you aren’t ready for a long-term commitment, many agents offer flexible options, such as one-day or one-property agreements, so you can evaluate the relationship before committing to a multi-month contract.

Who is responsible for paying the real estate agent fees now?

Under the new regulatory framework, buyers are responsible for establishing clear compensation terms with their representative before viewing properties. However, this is a highly negotiable item. In many current Arizona real estate transactions, sellers still agree to cover these costs as a concession to make their home more attractive to buyers. Your realtor will help you negotiate these concessions as an independent line item in your purchase contract to ensure your financial goals are met.

What are SPDS, and why should I care about it?

The Seller’s Property Disclosure Statement (SPDS) is a comprehensive document where the seller lists known material facts about the home's condition—things that could affect your decision to buy or the price you offer. In Arizona, sellers are legally required to disclose issues like past roof leaks, termite history, or proximity to military airports. You will typically receive this after your offer is accepted. Along with the SPDS, you’ll receive a five-year insurance claims history (CLUE report), which is vital for spotting hidden issues like past water damage.

Are there specific home inspections I should get for a desert home?

Absolutely. Beyond a standard inspection, a sewer scope video inspection is highly recommended. In our desert environment, shifting expansive clay soils and aggressive tree roots can cause underground pipe failures that can be expensive to repair. A termite inspection is also highly recommended as termites are very prevalent here. An experienced local agent will advocate for these advanced inspections to prevent expensive surprises after closing.

Is there any help available for first-time homebuyers in Phoenix?

Yes! If you are a first-time homebuyer in Phoenix, there are several fantastic grants and down payment assistance options designed to lower your upfront cash barriers. Because these programs and their eligibility requirements can change frequently, the best way to explore your options is to speak with your agent’s recommended lenders or loan officers. They can provide the most current information and help you find the specific financial assistance that fits your unique situation.

Sources and References

1. Arizona Buyer-Broker Agreement: A Required Agent Contract – HomeLight.
2. Arizona Real Estate Disclosure Requirements 2026 | SPDS Guide – DocJacket.
3. Chicago Title Sample Forms Guide – Chicago Title Arizona.
4. Disclosing Facts About Your Property in Arizona: What Do Sellers Have to Tell Buyers? – Landmark Title Assurance Agency.
5. NAR Settlement Information and Practice Changes – Arizona Regional Multiple Listing Service (ARMLS).
6. NAR Settlement FAQs for Homebuyers and Sellers – National Association of REALTORS®.
7. NAR Settlement Resources and Agreement Overviews – REALTOR® Association of the Fox Valley.
8. Navigating Transactions with Self-Represented Buyers in Arizona Real Estate – Central Arizona Association of Realtors.
9. Phoenix Sewer Scope Inspections – NPI Web.
10. Selling an Arizona Home: What Are My Disclosure Obligations? – Nolo Legal Press.
11. Sewer Line Inspection Services in Phoenix and Scottsdale – Scottsdale Desert Inspections.
12. Sewer Scope/Line Inspection in Paradise Valley and Scottsdale, Arizona – WIN Home Inspection.
13. Residential Seller Disclosure Advisory – Arizona Association of REALTORS®.