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SIMULTANEOUS CLOSING ADDENDUM TO REAL ESTATE PURCHASE CONTRACT (Buyer #1 DOES NOT Own the Property) THIS IS AN ADDENDUM COUNTEROFFER to that REAL ESTATE PURCHASE CONTRACT (the “2nd RPC “) with

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What is simultaneous closing addendum?

A simultaneous closing addendum is a document that is used in real estate transactions when a buyer needs to close on their current home before they can purchase a new one.

Who is required to file simultaneous closing addendum?

The buyer and seller involved in the real estate transaction are required to file the simultaneous closing addendum.

How to fill out simultaneous closing addendum?

To fill out a simultaneous closing addendum, both parties must provide information about the closing dates of their current and new homes, as well as any contingency plans in case one of the transactions falls through.

What is the purpose of simultaneous closing addendum?

The purpose of the simultaneous closing addendum is to outline the timeline and conditions for the sale and purchase of homes in a way that protects all parties involved in the transaction.

What information must be reported on simultaneous closing addendum?

The simultaneous closing addendum must include details about the closing dates, any contingency plans, and the responsibilities of both the buyer and seller.

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