Contingent sale addendum nc 2025

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  1. Click ‘Get Form’ to open the contingent sale addendum in the editor.
  2. Begin by filling in the Seller’s Property details at the top of the form. Ensure accuracy as this information is crucial for identification.
  3. Next, enter the names of both the Seller and Buyer in their respective fields. This establishes who is involved in the transaction.
  4. In Section 1, provide details about the Buyer’s Property, including its address. This section outlines contingencies related to closing on this property.
  5. Complete Section 2 by indicating any terminations of contracts for Buyer’s Property that may occur after the Due Diligence Period.
  6. In Section 3, check one option regarding the listing status of Buyer’s Property. This helps clarify how you are proceeding with your sale.
  7. Finally, ensure all parties sign and date where indicated at the bottom of the form to validate it.

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Contingent means a contract has been signed and is an agreement to sell the property once all contingencies are satisfied. In our area this has usually nothing to do with selling another home, its more focused on home inspection and appraisal.
Yes, you can make an offer on a new house contingent on selling yours. This contingency allows you to proceed with the purchase if you successfully sell your current home within a specified timeframe. It provides flexibility but may be subject to negotiation with the seller and acceptance of the contingency clause.
Inspection Contingency Addendum Per contingency addendums, if the home does not pass inspection, the buyer and seller can renegotiate the terms of the sale. Another option contingency addendums provide is releasing the buyer from the agreement.
Per contingency addendums, if the home does not pass inspection, the buyer and seller can renegotiate the terms of the sale. Another option contingency addendums provide is releasing the buyer from the agreement.