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  • Address Due Diligence Addendum City The Parties Agree ...

Get Address Due Diligence Addendum City The Parties Agree ...

DUE DILIGENCE ADDENDUM The Parties agree as follows in reference to the Agreement to Buy and Sell Real Estate for the Property known as: Address City Lot Unit # Block SC Zip Subdivision Section/Phase.

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How to fill out the Address DUE DILIGENCE ADDENDUM City The Parties Agree ... online

This guide provides clear instructions for users on completing the Address Due Diligence Addendum City The Parties Agree ... form online. The process is designed to be straightforward, ensuring that everyone can accurately fill out the necessary information.

Follow the steps to complete the form online effectively.

  1. Click the ‘Get Form’ button to access the document and open it in your preferred editing platform.
  2. Fill in the 'Address' field with the property address pertinent to the agreement.
  3. Enter the 'City' where the property is located.
  4. Complete the 'Lot' and 'Unit #' fields with the corresponding information as applicable.
  5. Provide details for the 'Block', 'SC Zip', 'Subdivision', 'Section/Phase', and 'County' fields to ensure proper identification of the property.
  6. Specify the 'Due Diligence Period' by indicating the number of business days after the original Effective Date for the buyers' review.
  7. Outline any inspections or requests by selecting the options provided in the form, based on what the buyer chooses to execute during the due diligence period.
  8. If terminating the agreement, indicate the 'Termination Fee' amount to be paid to the seller.
  9. Sign and date the document in the 'Buyer' and 'Seller' sections, ensuring to include witness signatures where required.
  10. After completing the form, save your changes. You may want to download or print the document for your records, or share it as needed.

Fill out your necessary documents online now for a smooth process.

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During the due diligence time the buyer is able to cancel the contract for any reason, or no reason at all. Due diligence money is non-refundable The good news is the money is typically credited towards the purchase of the home at closing. Earnest money is good faith money.

Under the old Home Inspection Contingency, the commonly accepted practice and industry standard was 3, 3 & 3 (three days for Seller to respond to Purchaser's addendum, three days for Purchaser to respond to Seller's counter or lack of response, and three days to respond to any ensuing counteroffer).

First things first: due diligence in real estate refers to a buyer's investigation of the various aspects of a property, either before making an offer or (more often) within a specific timeframe between entering into the contract and closing, known as a due diligence period.

While some sort of response is typical, there is nothing illegal or unethical if a seller does not respond. A seller may dismiss an offer altogether if they believe it to be unreasonable, incomplete, or otherwise not in their best interests.

The seller has five days to submit a response. If the seller does agree to make all of the repairs, you will be locked into the contract and the inspection period will end. If the seller only agrees to make some of the repairs, you will have 5 days to decide if you want to move forward or walk away from the deal.

On the other hand, if the seller is simply slow to respond, speak with your real estate agent to follow up with the seller's agent. Ask them to find out if there is a counteroffer or if the seller can provide any reasoning behind having your house offer rejected.

When a seller receives an offer, they can accept the offer as written, reject the offer, submit a counteroffer or do nothing. There is nothing illegal or unethical if they do not respond. ... The most common one is that your offer is simply too far away from what a seller may consider reasonable.

How Long Do Sellers Have to Respond. Unfortunately, there's no rule about how quickly a seller has to respond to your offer. However, most sellers will extend the common courtesy to a buyer and respond in writing within 24 to 72 hours (or three business days) from the receipt of the offer.

If the seller won't sign the addendum, then the terms of the contract remain as they are now.

Be as clear as possible about what the issue is and how you want it remedied. Outline who should do the work (even if it's in the boiler plate language, it doesn't hurt to reiterate it). Have a deadline for when the work is to be done.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232