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Click ‘Get Form’ to open the contingent sale addendum in the editor.
Begin by filling in the Seller’s Property details at the top of the form. Ensure accuracy as this information is crucial for identification.
Next, enter the names of both the Seller and Buyer in their respective fields. This establishes who is involved in the transaction.
In Section 1, provide details about the Buyer’s Property, including its address. This section outlines contingencies related to closing on this property.
Complete Section 2 by indicating any terminations of contracts for Buyer’s Property that may occur after the Due Diligence Period.
In Section 3, check one option regarding the listing status of Buyer’s Property. This helps clarify how you are proceeding with your sale.
Finally, ensure all parties sign and date where indicated at the bottom of the form to validate it.
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Can a seller accept another offer while contingent?
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.
What does it mean if a property for sale says contingent?
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.
What is a contingency addendum?
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.
What is a contingent sale 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.
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nc contingent sale addendum
FORM 10-K
Feb 23, 2021 Our active asset management strategy pursues asset sales when we believe the reinvestment of the sale proceeds will: contingent assets
NOTE: If Buyer does have to sell, Buyer and Seller should consider including a Contingent Sale Addendum (Standard Form 2A2-T) with this offer. Page 4 of 10. -DS.
addendum exists. Contingent Sale Addendum the Addendum has been changed to require a buyer who waives the contingency to then close on the purchase of the
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