The problem is the Arizona Association of REALTORS Residential Real Estate Resale Purchase Contract doesn’t allow for it.
Once a seller signs of on a contract to make it executed, there are no outs. Buyers have several points in which they can change their mind, the seller has zero.
This isn’t to say that a seller who accepted a contract absolutely must sell – no one can force you at gunpoint to do so. But changing one’s mind turns a simple sale into a legal minefield where the best ally a seller can have is a real estate attorney as there may be damages due the buyer.
Which all makes the best advice this – if you’re putting your home on the market, and if you’re about to sign a contract to sell the place, make sure you’re ready. Because you really do need to be.