Phoenix 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
• City: Phoenix
• 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. The Phoenix Arizona Addendum for Purchase of Other Property by Seller is a contractual agreement used in real estate transactions to address situations where the seller needs to sell another property in order to complete the current sale. This addendum provides a framework for the seller to continue marketing and selling the other property while the current transaction is ongoing. The Addendum for Purchase of Other Property by Seller may include various provisions depending on the specific circumstances and requirements of the parties involved. Some types of the Phoenix Arizona Addendum for Purchase of Other Property by Seller could include: 1. Contingency Addendum: This type of addendum outlines that the current purchase agreement is contingent upon the successful sale or closing of another property owned by the seller. If the seller fails to sell the other property within a specified timeframe or at a certain price, the buyer may have the option to terminate the agreement. 2. Marketing Continuation Addendum: This type of addendum allows the seller to continue advertising and marketing the other property while the current sale is progressing. It may include provisions on how the seller should handle inquiries, offers, and negotiations for the other property without interfering with the current transaction. 3. Disclosure Addendum: This addendum requires the seller to disclose any ongoing negotiations, offers, or contracts related to the other property. It ensures that the buyer is fully informed about the seller's intentions and potential impacts on the current sale. 4. Extension Addendum: In some cases, the seller might need additional time to sell the other property. An extension addendum allows the buyer and seller to agree on an extended timeframe for completing the current transaction, giving the seller more time to manage and close the sale of the other property. 5. Amendment Addendum: An amendment addendum allows the parties to modify the terms of the purchase agreement to account for any changes or developments with the other property. It could include adjustments to the purchase price, closing dates, or any other relevant terms affected by the sale of the other property. In conclusion, the Phoenix Arizona Addendum for Purchase of Other Property by Seller is a valuable tool in real estate transactions when the seller has another property they need to sell before finalizing the current sale. The addendum safeguards the parties involved and provides a framework for addressing the unique circumstances that arise in these situations.

The Phoenix Arizona Addendum for Purchase of Other Property by Seller is a contractual agreement used in real estate transactions to address situations where the seller needs to sell another property in order to complete the current sale. This addendum provides a framework for the seller to continue marketing and selling the other property while the current transaction is ongoing. The Addendum for Purchase of Other Property by Seller may include various provisions depending on the specific circumstances and requirements of the parties involved. Some types of the Phoenix Arizona Addendum for Purchase of Other Property by Seller could include: 1. Contingency Addendum: This type of addendum outlines that the current purchase agreement is contingent upon the successful sale or closing of another property owned by the seller. If the seller fails to sell the other property within a specified timeframe or at a certain price, the buyer may have the option to terminate the agreement. 2. Marketing Continuation Addendum: This type of addendum allows the seller to continue advertising and marketing the other property while the current sale is progressing. It may include provisions on how the seller should handle inquiries, offers, and negotiations for the other property without interfering with the current transaction. 3. Disclosure Addendum: This addendum requires the seller to disclose any ongoing negotiations, offers, or contracts related to the other property. It ensures that the buyer is fully informed about the seller's intentions and potential impacts on the current sale. 4. Extension Addendum: In some cases, the seller might need additional time to sell the other property. An extension addendum allows the buyer and seller to agree on an extended timeframe for completing the current transaction, giving the seller more time to manage and close the sale of the other property. 5. Amendment Addendum: An amendment addendum allows the parties to modify the terms of the purchase agreement to account for any changes or developments with the other property. It could include adjustments to the purchase price, closing dates, or any other relevant terms affected by the sale of the other property. In conclusion, the Phoenix Arizona Addendum for Purchase of Other Property by Seller is a valuable tool in real estate transactions when the seller has another property they need to sell before finalizing the current sale. The addendum safeguards the parties involved and provides a framework for addressing the unique circumstances that arise in these situations.

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.