Maricopa Arizona Apéndice para la compra de otra propiedad por parte del vendedor - Addendum for Purchase of Other Property by Seller

• Category: Bienes Raíces - Contratos - Adendas
• State: Multi-State
• County: Maricopa
• Control #: US-00472-A6
• Format: Word

Description

El efecto del Contrato de Compra estará supeditado a que el Vendedor compre otra propiedad en una fecha determinada. Maricopa Arizona Addendum for Purchase of Other Property by Seller is a legal document that can be used when a seller is in the process of purchasing another property while selling their current property. This addendum allows the seller to extend or modify the date of closing if necessary, in order to accommodate the successful purchase of the other property. This addendum is particularly helpful when the seller's ability to close on the sale is contingent upon the completion of the purchase of the other property. It ensures a smooth transition and avoids the need for renegotiation or termination of the original sales contract. The Maricopa Arizona Addendum for Purchase of Other Property by Seller comes in various types, depending on the specific circumstances of the seller. These types include: 1. Contingent Closing Addendum: This addendum states that the seller is contingent upon successfully closing on the purchase of the other property before they can close the sale of their current property. It outlines the necessary steps or conditions that need to be fulfilled for the transaction to move forward. 2. Extension of Closing Addendum: This addendum allows the seller to extend the original closing date if they require additional time to complete the purchase of the other property. It specifies the new closing date agreed upon by both parties. 3. Modification of Purchase Price Addendum: In some cases, the seller may need to modify the purchase price of their current property due to changes in the purchase price of the other property. This addendum outlines the agreed-upon modifications, whether an increase or decrease in the purchase price, and any associated terms. 4. Additional Terms Addendum: This addendum allows the seller to include any additional terms or conditions related to the purchase of the other property. It covers aspects like financing, inspections, and repairs and ensures all parties are aware of these additional provisions. It's important to note that each of these addenda must comply with the laws and regulations specific to Maricopa, Arizona. Consulting with a real estate attorney or agent experienced in Maricopa transactions will ensure that the addendum is properly drafted and meets all legal requirements. In summary, the Maricopa Arizona Addendum for Purchase of Other Property by Seller is a crucial document that allows sellers to navigate the simultaneous sale and purchase of properties. It provides flexibility and protection for both the sellers and buyers, ensuring a smooth and successful real estate transaction.

Maricopa Arizona Addendum for Purchase of Other Property by Seller is a legal document that can be used when a seller is in the process of purchasing another property while selling their current property. This addendum allows the seller to extend or modify the date of closing if necessary, in order to accommodate the successful purchase of the other property. This addendum is particularly helpful when the seller's ability to close on the sale is contingent upon the completion of the purchase of the other property. It ensures a smooth transition and avoids the need for renegotiation or termination of the original sales contract. The Maricopa Arizona Addendum for Purchase of Other Property by Seller comes in various types, depending on the specific circumstances of the seller. These types include: 1. Contingent Closing Addendum: This addendum states that the seller is contingent upon successfully closing on the purchase of the other property before they can close the sale of their current property. It outlines the necessary steps or conditions that need to be fulfilled for the transaction to move forward. 2. Extension of Closing Addendum: This addendum allows the seller to extend the original closing date if they require additional time to complete the purchase of the other property. It specifies the new closing date agreed upon by both parties. 3. Modification of Purchase Price Addendum: In some cases, the seller may need to modify the purchase price of their current property due to changes in the purchase price of the other property. This addendum outlines the agreed-upon modifications, whether an increase or decrease in the purchase price, and any associated terms. 4. Additional Terms Addendum: This addendum allows the seller to include any additional terms or conditions related to the purchase of the other property. It covers aspects like financing, inspections, and repairs and ensures all parties are aware of these additional provisions. It's important to note that each of these addenda must comply with the laws and regulations specific to Maricopa, Arizona. Consulting with a real estate attorney or agent experienced in Maricopa transactions will ensure that the addendum is properly drafted and meets all legal requirements. In summary, the Maricopa Arizona Addendum for Purchase of Other Property by Seller is a crucial document that allows sellers to navigate the simultaneous sale and purchase of properties. It provides flexibility and protection for both the sellers and buyers, ensuring a smooth and successful real estate transaction.

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.