Travis Texas 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
• County: Travis
• 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. Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that is used when selling a property in Travis County, Texas, and the seller wishes to continue marketing the property even after a contingency or condition has been met. This addendum serves as an agreement between the seller and the buyer, allowing the seller to keep advertising the property and potentially receive offers from other interested parties. This can be beneficial for the seller in case the current buyer fails to meet their obligations or if the seller wants to explore other potential buyers. The Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies outlines the specific terms and conditions for this arrangement. It includes details such as the duration of the addendum, the marketing efforts the seller agrees to undertake, and the buyer's acknowledgment and acceptance of the ongoing marketing. There may be different types of Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies, depending on the specific contingencies or conditions involved in the property sale. Some of these variations may include: 1. Financing Contingency Addendum: This addendum allows the seller to continue marketing the property if the current buyer fails to secure financing within the stipulated timeframe. 2. Inspection Contingency Addendum: If the buyer requests repairs or renegotiation based on the property inspection, this addendum grants the seller the right to keep marketing the property until the repairs are completed or a new agreement is reached. 3. Appraisal Contingency Addendum: In case the property's appraised value is lower than the agreed-upon sale price, this addendum allows the seller to continue marketing the property until a suitable resolution is reached between both parties. It is important for both buyers and sellers in Travis County, Texas, to consult with a real estate attorney or a licensed real estate professional to ensure that the Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies accurately reflects their specific circumstances and obligations. By utilizing this addendum, sellers can safeguard their interests and maintain flexibility during the property sale process, while potential buyers are made aware of the ongoing marketing efforts and contingency-related risks associated with the purchase.

Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that is used when selling a property in Travis County, Texas, and the seller wishes to continue marketing the property even after a contingency or condition has been met. This addendum serves as an agreement between the seller and the buyer, allowing the seller to keep advertising the property and potentially receive offers from other interested parties. This can be beneficial for the seller in case the current buyer fails to meet their obligations or if the seller wants to explore other potential buyers. The Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies outlines the specific terms and conditions for this arrangement. It includes details such as the duration of the addendum, the marketing efforts the seller agrees to undertake, and the buyer's acknowledgment and acceptance of the ongoing marketing. There may be different types of Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies, depending on the specific contingencies or conditions involved in the property sale. Some of these variations may include: 1. Financing Contingency Addendum: This addendum allows the seller to continue marketing the property if the current buyer fails to secure financing within the stipulated timeframe. 2. Inspection Contingency Addendum: If the buyer requests repairs or renegotiation based on the property inspection, this addendum grants the seller the right to keep marketing the property until the repairs are completed or a new agreement is reached. 3. Appraisal Contingency Addendum: In case the property's appraised value is lower than the agreed-upon sale price, this addendum allows the seller to continue marketing the property until a suitable resolution is reached between both parties. It is important for both buyers and sellers in Travis County, Texas, to consult with a real estate attorney or a licensed real estate professional to ensure that the Travis Texas Addendum for Continued Marketing of Property by Seller due to Contingencies accurately reflects their specific circumstances and obligations. By utilizing this addendum, sellers can safeguard their interests and maintain flexibility during the property sale process, while potential buyers are made aware of the ongoing marketing efforts and contingency-related risks associated with the purchase.

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.