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What is Guaranteed Sale Addendum

The 39 Day Guaranteed Sale Addendum is a real estate document used by sellers in Michigan to guarantee the sale of a property within 39 days, or the listing agent will continue marketing without commission.

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Who needs Guaranteed Sale Addendum?

Explore how professionals across industries use pdfFiller.

Guaranteed Sale Addendum is needed by:

Home sellers in Michigan seeking sale guarantees
Real estate agents representing sellers in Michigan
Investors looking for property sales protection
Buyers interested in terms of property guarantees
Real estate professionals handling listing agreements

Comprehensive Guide to Guaranteed Sale Addendum

What is the 39 Day Guaranteed Sale Addendum?

The 39 Day Guaranteed Sale Addendum is a real estate document specifically designed for use in Michigan. This addendum serves to guarantee sellers that their property will be sold within 39 days. If the property does not sell within this timeframe, the listing agent has committed to marketing the property for an additional 159 days without incurring any commission charges.

This addendum is vital for individuals looking to expedite the sale process and offers a clear assurance of commitment from their real estate agent. The guarantee provides a safety net for sellers, making it a key consideration in real estate transactions.

Purpose and Benefits of the 39 Day Guaranteed Sale Addendum

The primary purpose of the 39 Day Guaranteed Sale Addendum is to offer invaluable assurance to sellers who seek a swift property sale. By utilizing this addendum, sellers can minimize the financial risks often associated with real estate commissions.

Fosters confidence in a timely sale process.
Reduces concerns about incurring commission fees should the property not sell promptly.
Promotes a competitive edge in a crowded real estate market.

Key Features of the 39 Day Guaranteed Sale Addendum

This addendum includes several essential features that facilitate a clear agreement between sellers and agents. Among these, the document contains various fields specifically for property details and pricing, which are crucial for effective negotiations.

Clear sections for property identification, including address and listing price.
Signature lines for both the seller and agent, ensuring mutual agreement.
Terms regarding seller responsibilities and ways to terminate the addendum.

Who Needs the 39 Day Guaranteed Sale Addendum?

The 39 Day Guaranteed Sale Addendum is particularly relevant for sellers and agents involved in the real estate transaction process in Michigan. It is most beneficial for sellers who are eager to finalize their property sales quickly.

Any seller currently listing a property in Michigan.
Agents working with sellers seeking to leverage this commitment.
Listings that are facing time constraints or market challenges.

How to Fill Out the 39 Day Guaranteed Sale Addendum Online

Completing the 39 Day Guaranteed Sale Addendum online is a straightforward process when using pdfFiller. Users can follow this step-by-step guide to ensure accuracy.

Open the addendum template in pdfFiller.
Fill in the required property details, including address and price.
Complete the seller and agent signature sections.
Review all entries for correctness before submission.

Additionally, be mindful of common mistakes, such as missing required fields or entering incorrect information, which can delay processing.

How to eSign the 39 Day Guaranteed Sale Addendum

Signing the 39 Day Guaranteed Sale Addendum can be done either digitally or traditionally. When opting for a digital signature through pdfFiller, the process is seamless and secure.

Digital signature options offer convenience and immediate documentation.
Traditional wet signatures are also valid if preferred.
Ensure the document is fully completed before signing to avoid issues later.

What Happens After You Submit the 39 Day Guaranteed Sale Addendum?

After submitting the 39 Day Guaranteed Sale Addendum, users can expect certain processing timelines. Typically, confirmations will be communicated once the submission is reviewed.

Processing time varies, but users should anticipate a prompt reply.
Outcomes could include continued marketing efforts or new buyer inquiries.

Security and Compliance When Using the 39 Day Guaranteed Sale Addendum

When handling sensitive documents such as real estate addendums, security is paramount. pdfFiller employs robust security measures, ensuring compliance with all necessary regulations.

Utilizes 256-bit encryption to protect user data.
Meets SOC 2 Type II, HIPAA, and GDPR standards.
Prioritizes the privacy and security of all transactions.

How to Download and Print the 39 Day Guaranteed Sale Addendum

Users looking to save and print the filled-out 39 Day Guaranteed Sale Addendum can do so easily through pdfFiller. Here are the steps to ensure a successful download and print job.

Select the download option to save the form as a PDF.
Choose your preferred print settings for optimal quality.

Maintaining the formatting and legibility of the document is critical, so ensure that the printing settings match your standard paper size.

Get Started with the 39 Day Guaranteed Sale Addendum Using pdfFiller

pdfFiller simplifies the process of managing real estate forms, including the 39 Day Guaranteed Sale Addendum. With its intuitive platform, users can create, edit, and eSign the necessary documentation all in one place.

Experience the ease of digital form management with featured tools designed for real estate professionals.

Last updated on Apr 8, 2016

How to fill out the Guaranteed Sale Addendum

1.

To complete the 39 Day Guaranteed Sale Addendum on pdfFiller, start by accessing the platform and logging into your account.
2.

Use the search function to locate the 39 Day Guaranteed Sale Addendum form. Click on the form title to open it in edit mode.
3.

Before filling in the form, gather necessary information such as property details, list prices, and negotiation terms to streamline the process.
4.

Navigate through the form fields one by one. Click on each blank field to enter relevant information; use the toolbar to adjust any formatting if needed.
5.

Make sure to fill in all required fields carefully. This includes property information, seller details, and agent information.
6.

Check the document for accuracy as you fill it out, ensuring no fields are left incomplete. This will help avoid processing delays.
7.

Once you have filled out the form, review all the information entered. Ensure everything is accurate and reflects your agreement.
8.

Save your work frequently by clicking the save button to avoid losing any progress. Take advantage of pdfFiller’s auto-save feature as well.
9.

When satisfied with the completed form, you can download it as a PDF or submit directly via the platform.
10.

Follow the prompts to either email the document or print it out for physical signatures as required.

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Who is eligible to use the 39 Day Guaranteed Sale Addendum?

Sellers in Michigan looking to guarantee the sale of their property within 39 days can use this addendum. Real estate agents assisting these sellers are also eligible to implement this form.

Is there a deadline for using the 39 Day Guaranteed Sale Addendum?

The addendum specifies a 39-day window for the guaranteed sale. Therefore, ensure to use it at the beginning of your listing agreement to guarantee the terms are effective.

How can I submit the completed 39 Day Guaranteed Sale Addendum?

You can submit the completed form by downloading it from pdfFiller and sending it directly to the agent or by using the platform’s email feature to send it electronically.

Are there any documents required to submit along with the addendum?

Typically, you may need to provide proof of property ownership and any necessary disclosures. It's advisable to check with your agent for any specific requirements.

What common mistakes should I avoid when filling out the addendum?

Be careful not to leave any required fields blank and ensure all information is accurate. Double-check dates and the spelling of names to prevent issues with processing.

How long does it take to process the addendum once submitted?

Processing time may vary, but typically, you can expect to hear back from your agent within a few days after submission, depending on their review timeline.