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Get Back Up Offer Form 1-11
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How to fill out the Back Up Offer Form 1-11 online
Filling out the Back Up Offer Form 1-11 online can be a straightforward process when you understand each component of the form. This guide will provide you with clear, step-by-step instructions to ensure a smooth completion of your backup offer.
Follow the steps to accurately complete the form.
- Click the ‘Get Form’ button to access the Back Up Offer Form 1-11 and open it in your preferred editor.
- Fill in the addendum number in the designated field. This should reflect any reference agreements associated with your offer.
- Enter the Sale Agreement number in the provided blank. This is essential for identifying the related primary sale agreement.
- Input the date of the agreement in the field labeled ‘Dated’. Use the current date if this form is being completed on the day you are making the offer.
- Complete the Seller's name in the respective section as it appears on the Sale Agreement.
- Provide the Purchaser’s name. Ensure accuracy for identification purposes.
- Describe the real property involved in the transaction clearly. Include the full address and any relevant property details.
- Acknowledge that this offer is a backup offer by confirming your understanding of its position in relation to the existing first position offer.
- Sign and date the form in the appropriate sections designated for the Seller and Purchaser, ensuring you have included the time of signing.
- Once all fields have been completed, review your entries for accuracy, then save the changes. You may also download, print, or share the form as needed.
Complete your Back Up Offer Form online today to secure your offer.
What is a Back-Up Contract? Back-Up Contracts are enforceable contracts; they are simply subject to one additional contingency i.e. termination of the First Contract. A Back-Up Contract is a binding contract and as such both option and earnest money must be paid (and delivered) per the terms of the contract.
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