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Get Addendum For Sale Of Other Property By Buyer
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How to fill out the Addendum For Sale Of Other Property By Buyer online
This guide provides a comprehensive overview of how to complete the Addendum For Sale Of Other Property By Buyer online. By following these steps, users can efficiently fill out the necessary sections and ensure the form is completed accurately.
Follow the steps to successfully fill out your addendum.
- Click ‘Get Form’ button to access the form and open it in the editor.
- Begin by entering the street address and city of the property in the designated field at the top of the form.
- In Section A, specify the address of the buyer's property that is for sale. Enter the deadline date and time by which the buyer must receive the proceeds from this sale.
- Ensure that the date mentioned in Section A is not later than the date provided in Paragraph 9 of the contract. This is crucial for the validity of the addendum.
- In Section B, understand that if the seller accepts a written offer, you will need to waive the contingency. You must do this within the specified timeframe after receiving notice from the seller.
- In Section C, if the buyer chooses to waive the contingency, they must provide written notification to the seller and submit the additional earnest money as described in the form.
- Section D outlines that if the contingency is waived and the loan or assumption approval depends on the sale of the buyer's property, ensure this condition is met by the deadline to avoid default.
- Finally, confirm all entered information is correct, then utilize the options to save changes, download, print, or share the completed form as required.
Complete your documents online today for a smoother transaction process.
When is it appropriate to use the Addendum for Sale of Other Property by Buyer? -The buyer must sell and close on another home before purchasing a new one.
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