California Anexo para la comercialización continua de la propiedad por parte del vendedor debido a contingencias - Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Bienes Raíces - Contratos - Adendas
• State: Multi-State
• Control #: US-00472-A2
• Format: Word

Description

This form is an Addendum to a Residential Real Estate Sales Contract allowing for the continued marketing of the subject property by the seller while seller completes the process of fulfilling certain contingencies. If another offer is received on the property, seller must notify the buyer that a new offer has been received, and that buyer must waive the contingencies or else property may be sold to new offeror. Adapt to fit your specific circumstances as desired. The California Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document used in real estate transactions in the state of California. It is typically added as an addendum to the purchase agreement and outlines the terms and conditions under which the seller can continue marketing the property while certain contingencies are still in effect. Keywords: California, Addendum, Continued Marketing, Property, Seller, Contingencies. This addendum is commonly used when there are unresolved contingencies that may affect the sale of the property. Contingencies are conditions that need to be met before the sale can proceed, such as inspections, loan approval, or the sale of the buyer's existing property. If the seller wishes to continue marketing the property during this time, the addendum provides specific guidelines and requirements. One type of the California Addendum for Continued Marketing of Property by Seller due to Contingencies is the Inspection Contingency Addendum. This addendum is used when the buyer has requested inspections, and the seller wants to continue marketing the property while waiting for the inspection results. It may specify the timeframe within which the inspections must be completed and the procedure for sharing the results with interested buyers. Another type is the Financing Contingency Addendum, which is used when the buyer is obtaining a loan to purchase the property. This addendum allows the seller to continue marketing the property while the buyer goes through the loan approval process. It may outline the deadline for loan approval and the requirement for regular updates on the buyer's progress. The Sale of Existing Property Contingency Addendum is yet another type that is used when the buyer needs to sell their current property in order to proceed with the purchase. In this case, the seller can utilize this addendum to continue marketing the property while the buyer tries to secure a buyer for their own property. It typically includes a timeframe within which the buyer must provide evidence of a successful sale or release the contingency. Overall, the California Addendum for Continued Marketing of Property by Seller due to Contingencies is a crucial document that allows sellers to maintain flexibility when selling their property, even with contingencies in place. It provides clear guidelines and conditions under which marketing activities can continue, ensuring that both parties are aware of their rights and obligations during this period.

The California Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document used in real estate transactions in the state of California. It is typically added as an addendum to the purchase agreement and outlines the terms and conditions under which the seller can continue marketing the property while certain contingencies are still in effect. Keywords: California, Addendum, Continued Marketing, Property, Seller, Contingencies. This addendum is commonly used when there are unresolved contingencies that may affect the sale of the property. Contingencies are conditions that need to be met before the sale can proceed, such as inspections, loan approval, or the sale of the buyer's existing property. If the seller wishes to continue marketing the property during this time, the addendum provides specific guidelines and requirements. One type of the California Addendum for Continued Marketing of Property by Seller due to Contingencies is the Inspection Contingency Addendum. This addendum is used when the buyer has requested inspections, and the seller wants to continue marketing the property while waiting for the inspection results. It may specify the timeframe within which the inspections must be completed and the procedure for sharing the results with interested buyers. Another type is the Financing Contingency Addendum, which is used when the buyer is obtaining a loan to purchase the property. This addendum allows the seller to continue marketing the property while the buyer goes through the loan approval process. It may outline the deadline for loan approval and the requirement for regular updates on the buyer's progress. The Sale of Existing Property Contingency Addendum is yet another type that is used when the buyer needs to sell their current property in order to proceed with the purchase. In this case, the seller can utilize this addendum to continue marketing the property while the buyer tries to secure a buyer for their own property. It typically includes a timeframe within which the buyer must provide evidence of a successful sale or release the contingency. Overall, the California Addendum for Continued Marketing of Property by Seller due to Contingencies is a crucial document that allows sellers to maintain flexibility when selling their property, even with contingencies in place. It provides clear guidelines and conditions under which marketing activities can continue, ensuring that both parties are aware of their rights and obligations during this period.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.