Get the free BACK-UP OFFER ADDENDUM - Oregon Real Estate Forms
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OKLAHOMA REAL ESTATE Commissions is a legally binding Contract if not understood, seek advice from an attorneySELLERS COUNTEROFFER Date of Counteroffer ___, 20 ___. 1. COUNTEROFFER. The undersigned
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How to fill out back-up offer addendum
How to fill out back-up offer addendum
01
Obtain a copy of the back-up offer addendum form from your real estate agent or broker.
02
Fill in the date and the property address at the top of the form.
03
Include your name and contact information as the buyer on the form.
04
Specify the terms of the back-up offer, including price, financing details, and any additional terms or conditions you want to include.
05
Sign and date the addendum to make it legally binding.
06
Submit the completed back-up offer addendum to the seller's agent or broker.
Who needs back-up offer addendum?
01
Buyers who want to make a secondary offer on a property that already has an accepted offer in place.
02
Sellers who want to have a back-up offer in case the primary offer falls through.
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What is back-up offer addendum?
The back-up offer addendum is a form that allows a buyer to make an offer on a property that is already under contract with another buyer.
Who is required to file back-up offer addendum?
The buyer who wants to submit a back-up offer is required to file the back-up offer addendum.
How to fill out back-up offer addendum?
To fill out the back-up offer addendum, the buyer needs to provide their contact information, the property address, the offer amount, and any other terms and conditions they want to include.
What is the purpose of back-up offer addendum?
The purpose of the back-up offer addendum is to establish a second potential buyer in case the initial contract falls through.
What information must be reported on back-up offer addendum?
The back-up offer addendum must include the buyer's contact information, the property address, the offer amount, and any other terms and conditions.
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