An instrument modifying or rescinding a contract should identify the contract with certainty. The parts of the contract to be changed should be clearly expressed, and the change itself clearly set forth. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Phoenix, Arizona is a vibrant city known for its beautiful weather, stunning natural landscapes, and diverse mix of cultural influences. Nestled in the Sonoran Desert, Phoenix offers a rich blend of Southwestern charm and modern amenities, making it an attractive destination for homebuyers and real estate investors alike. The Phoenix Arizona Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate is a crucial document used in real estate transactions within the city. This addendum serves as an attached agreement that modifies and supplements the terms and conditions set forth in the primary contract between the buyer and seller. There are several variations of the Phoenix Arizona Addendum to Contract for the Price, Sale, and Purchase of Residential Real Estate, each tailored to specific circumstances and contingencies. Some commonly encountered addenda include: 1. Inspection Contingency Addendum: This addendum allows the buyer to schedule a comprehensive inspection of the property by a licensed home inspector. If any major issues or defects are discovered during the inspection, the buyer can negotiate repairs or adjustments to the purchase price. 2. Appraisal Contingency Addendum: This addendum ensures that the sale is contingent upon the property's appraisal value meeting or exceeding the purchase price. If the property appraises for less than the agreed-upon price, the buyer can either renegotiate the purchase price or terminate the contract. 3. Financing Contingency Addendum: This addendum protects the buyer if they are unable to secure adequate financing for the purchase. It outlines a specific timeframe by which the buyer should obtain financing and allows for termination of the contract if financing cannot be obtained. 4. Sale of Buyer's Property Contingency Addendum: This addendum is used when the buyer needs to sell their current property before being able to purchase the new property. It allows the buyer a specific time frame to find a suitable buyer for their property, with the option to terminate the contract if their property does not sell within that timeframe. As for the relevant keywords: Phoenix Arizona, real estate, residential, contract, addendum, price, sale, purchase, contingency, inspection, appraisal, financing, buyer, seller, property.Phoenix, Arizona is a vibrant city known for its beautiful weather, stunning natural landscapes, and diverse mix of cultural influences. Nestled in the Sonoran Desert, Phoenix offers a rich blend of Southwestern charm and modern amenities, making it an attractive destination for homebuyers and real estate investors alike. The Phoenix Arizona Addendum to Contract for the Price, Sale and Purchase of Residential Real Estate is a crucial document used in real estate transactions within the city. This addendum serves as an attached agreement that modifies and supplements the terms and conditions set forth in the primary contract between the buyer and seller. There are several variations of the Phoenix Arizona Addendum to Contract for the Price, Sale, and Purchase of Residential Real Estate, each tailored to specific circumstances and contingencies. Some commonly encountered addenda include: 1. Inspection Contingency Addendum: This addendum allows the buyer to schedule a comprehensive inspection of the property by a licensed home inspector. If any major issues or defects are discovered during the inspection, the buyer can negotiate repairs or adjustments to the purchase price. 2. Appraisal Contingency Addendum: This addendum ensures that the sale is contingent upon the property's appraisal value meeting or exceeding the purchase price. If the property appraises for less than the agreed-upon price, the buyer can either renegotiate the purchase price or terminate the contract. 3. Financing Contingency Addendum: This addendum protects the buyer if they are unable to secure adequate financing for the purchase. It outlines a specific timeframe by which the buyer should obtain financing and allows for termination of the contract if financing cannot be obtained. 4. Sale of Buyer's Property Contingency Addendum: This addendum is used when the buyer needs to sell their current property before being able to purchase the new property. It allows the buyer a specific time frame to find a suitable buyer for their property, with the option to terminate the contract if their property does not sell within that timeframe. As for the relevant keywords: Phoenix Arizona, real estate, residential, contract, addendum, price, sale, purchase, contingency, inspection, appraisal, financing, buyer, seller, property.
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.
