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CONTINGENCY OF SALE OF PURCHASERS RESIDENCE (72 HOUR CLAUSE) This offer is contingent upon the sale and closing of purchasers(s) residence at within days from the date of the sellers(s) acceptance
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How to fill out contingency of sale of

Point by point, here is how to fill out a contingency of sale of:
01
Gather all relevant information: Before filling out the contingency of sale form, gather all the necessary information related to the sale of the property. This may include details about the buyer, seller, property address, and any specific conditions or contingencies that need to be included.
02
Identify the specific contingencies: Determine the specific contingencies that need to be addressed in the agreement. Common contingencies include financing, inspection, appraisal, and the sale of the buyer's current property. Each contingency should be clearly stated and defined in the form.
03
Clearly state the terms and conditions: Clearly state the terms and conditions of the contingency in the form. This may include details such as the deadline for meeting each contingency, any penalties for non-compliance, and the party responsible for fulfilling each requirement.
04
Include any necessary attachments or addendums: If there are any additional documents or addendums required to support the contingency, ensure that they are attached to the form. This may include items like inspection reports, loan pre-approval letters, or any other relevant documentation.
05
Review and double-check for accuracy: Once the form is filled out, review it thoroughly for accuracy and completeness. Check for any spelling errors, missing information, or inconsistencies in the terms and conditions. It's essential to ensure that all parties involved fully understand and agree to the terms outlined in the form.
As for who needs a contingency of sale, it is typically required by both buyers and sellers in real estate transactions. Buyers use contingencies to protect themselves from unforeseen issues that may affect their ability to purchase the property, such as financing falling through or the property not passing inspection. Sellers may also utilize contingencies to protect their interests, such as ensuring that the buyer's financing is secure before moving forward with the sale. Contingencies provide a level of security and allow for negotiations and potential exits from the contract if certain conditions are not met.
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What is contingency of sale of?
Contingency of sale of is a clause in a real estate contract that outlines certain conditions that must be met in order for the sale to be finalized.
Who is required to file contingency of sale of?
The buyer and seller of a real estate transaction are usually required to file contingency of sale of.
How to fill out contingency of sale of?
Contingency of sale of can be filled out by listing the specific conditions that must be met for the sale to go through, along with any deadlines or other relevant information.
What is the purpose of contingency of sale of?
The purpose of contingency of sale of is to protect both the buyer and seller by ensuring that certain conditions are met before the sale is finalized.
What information must be reported on contingency of sale of?
The contingency of sale of should include details such as financing terms, inspection results, and any other conditions that need to be met before the sale can be completed.
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