Get Bpurchaseb Price Escalation Addendum

Filling out the BPURCHASEb PRICE ESCALATION ADDENDUM can seem daunting, but this guide offers a clear, step-by-step approach to help you complete the form efficiently. Whether you are a buyer or seller, understanding each component is essential for a successful transaction.

Follow the steps to complete the BPURCHASEb PRICE ESCALATION ADDENDUM online

1. Click the ‘Get Form’ button to access the BPURCHASEb PRICE ESCALATION ADDENDUM and open it in the online editor.
2. Begin by filling in the date of the addendum in the designated space, followed by the date of the original contract of sale.
3. In the section titled 'Buyer', enter the full names of all buyers involved in the transaction.
4. In the 'Seller' section, provide the full names of all sellers. Ensure that this information is accurate as it will be used in the contract.
5. Specify the property being purchased by clearly indicating its known address.
6. Complete Part One titled 'Escalation Clause' by stating the amount by which you agree to increase the purchase price. Make sure this amount is greater than any competing offers the seller might receive.
7. Indicate the maximum purchase price you are willing to offer in the specified section, ensuring it is higher than the base price.
8. Choose and mark your preferred option regarding how any increase in the purchase price due to the escalation clause will affect the loan amount.
9. After finishing Part One, review the details you entered, ensuring accuracy before moving to Part Two.
10. In Part Two, the seller must complete their response to your offer. This section will include the escalated purchase price agreed upon by the seller.
11. The seller must sign and date the relevant sections in Part Two and then attach the required net sheet as indicated.
12. Finally, as a buyer, complete Part Three by signing and dating the acceptance of the counter-offer, ensuring all amendments are initialed as required.
13. After filling out all necessary sections, save your changes. You may choose to download, print, or share the completed form as needed.

Complete your BPURCHASEb PRICE ESCALATION ADDENDUM online today to streamline your real estate transaction.