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Get the free Contingency for Sale and/or Closing of Buyer’s Property Addendum

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Este documento establece las condiciones bajo las cuales la venta y/o cierre de la propiedad del comprador es contingente. Describe las opciones para la venta y el cierre, así como los derechos de
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How to fill out contingency for sale andor

01
Obtain a standard contingency for sale form from a real estate agent or legal advisor.
02
Fill in the names of the buyer and seller at the top of the document.
03
Clearly state the property address for the home that is contingent upon the sale.
04
Specify the terms and conditions under which the deal is contingent, including timelines for the sale and closing.
05
Include any necessary details about the existing property that needs to be sold, such as listing details or sale price.
06
Ensure both parties sign the document to make the agreement legally binding.
07
Provide copies of the signed contingency for all parties involved.

Who needs contingency for sale andor?

01
Sellers who are buying another property and need to sell their current home first.
02
Buyers who want to purchase a home but need to sell their existing property to fund the new purchase.
03
Real estate agents facilitating transactions where an existing property needs to be sold before a new contract can be executed.
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A contingency for sale and/or refers to a clause in a real estate transaction allowing a buyer to make the purchase contingent upon the successful sale of another property.
Typically, the buyer is required to file a contingency for sale and/or when they wish to purchase a new property but need to sell their current property first.
To fill out a contingency for sale and/or, the buyer must provide details about the property being sold, the timeline for sale, and any specific terms related to the contingency.
The purpose is to protect the buyer from being obligated to purchase a new property until their existing home is sold, minimizing financial risk.
Information required includes details about the existing property for sale, the sale price, the expected closing date, and any relevant conditions that apply.
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