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ADDENDUM CONTINGENT UPON SALE OF BUYERS PROPERTY Address: Tax Map Number: Seller: Buyer: Purchase Offer Dated: SALE OF BUYERS PROPERTY This offer is contingent upon the sale of the Buyers property
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How to fill out addendum- contingent upon sale

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How to fill out addendum- contingent upon sale:

01
Start by clearly identifying the addendum as an "addendum- contingent upon sale" at the top of the document.
02
Include the date when the addendum is being created.
03
Specify the parties involved in the sale, such as the buyer and the seller. Include their full names and contact information.
04
State the terms and conditions that make the sale contingent upon certain factors, such as the buyer successfully selling their current property or obtaining financing.
05
Clearly outline the timeframe for the contingency. Specify the date by which the buyer must sell their property or secure financing.
06
Include any additional terms or conditions that need to be met for the sale to proceed smoothly.
07
Provide a section for signatures and dates. Ensure that all parties involved in the sale sign the addendum to indicate their agreement to the terms stated.

Who needs addendum- contingent upon sale:

01
Homebuyers who need to sell their current property in order to afford a new one often need an addendum- contingent upon sale. This ensures that they won't be stuck owning two properties if they are unable to sell their current one.
02
Sellers who are accepting offers from buyers with contingency clauses may request an addendum- contingent upon sale. This allows them to have a backup plan in case the buyer is unable to sell their current property.
03
Real estate agents and brokers may also use addendums- contingent upon sale to protect both buyers and sellers in a transaction that depends on the sale of another property. This helps ensure that all parties involved are aware of the contingencies and can plan accordingly.
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An addendum- contingent upon sale is a document added to a contract that specifies certain conditions that must be met before the sale can be completed.
The seller and buyer are typically required to file addendum- contingent upon sale as part of the contract agreement.
To fill out addendum- contingent upon sale, both parties must agree on the specific conditions that need to be met for the sale to proceed, and then these conditions must be clearly outlined in the document.
The purpose of addendum- contingent upon sale is to protect both the buyer and seller by ensuring that certain conditions are met before the sale is finalized.
The addendum- contingent upon sale must include details of the specific conditions that must be met, such as passing a home inspection or securing financing.
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