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Hide Option Field from the Contract Addendum

Hide Option Field from the Contract Addendum

Aug 6th, 2022

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How to Hide Option Field from the Contract Addendum

4.7 out of 5

44 votes

hey everyone this is Zach so today I want to go over a forum that is starting to show up more and more in a more balanced Market its not a year ago where sellers had 20 offers lined up and buyers are starting to be able to add more contingencies to their offers but however as a seller sometimes you dont want to be fully uh trapped with those contingencies so the form thats starting to show up is the buyers first right of refusal addendum so this is a way that if a buyer submits an offer with a contingency one of the most common ones is contingent upon the sale of the buyer selling another house in order to buy this home well this right of refusal addendum gives the seller the option if they get another offer to come through that that contingency could be removed so this could level the playing field for a seller and allow them to look at other offers now Im going to go through this form Im not going to read every single line Im just going to cover the highlights that way youre

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