Oklahoma Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• Control #: US-00472-A2
• Format: Word; Rich Text

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 Oklahoma Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that is often used in real estate transactions in Oklahoma. This addendum allows the seller to continue marketing the property even after receiving an offer, but with certain conditions and contingencies in place. The purpose of this addendum is to protect the seller in case the primary offer falls through or does not meet their expectations. By allowing continued marketing of the property, the seller keeps their options open and increases the chances of securing a better offer. This addendum specifies the conditions under which the seller can continue marketing the property. These conditions typically include the expiration date of the original offer, the time period during which the seller can solicit backup offers, and the seller's obligations to notify the buyer of any additional offers received. Keywords: Oklahoma, addendum, continued marketing, property, seller, contingencies, real estate transactions, offer, conditions, backup offers, expiration date, backup offers, buyer, additional offers. There may be different types or variations of the Oklahoma Addendum for Continued Marketing of Property by Seller due to Contingencies, depending on the specific terms and conditions agreed upon by the parties involved. However, these variations would generally revolve around the seller's rights and obligations in continuing to market the property while an offer is pending or in place.

The Oklahoma Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that is often used in real estate transactions in Oklahoma. This addendum allows the seller to continue marketing the property even after receiving an offer, but with certain conditions and contingencies in place. The purpose of this addendum is to protect the seller in case the primary offer falls through or does not meet their expectations. By allowing continued marketing of the property, the seller keeps their options open and increases the chances of securing a better offer. This addendum specifies the conditions under which the seller can continue marketing the property. These conditions typically include the expiration date of the original offer, the time period during which the seller can solicit backup offers, and the seller's obligations to notify the buyer of any additional offers received. Keywords: Oklahoma, addendum, continued marketing, property, seller, contingencies, real estate transactions, offer, conditions, backup offers, expiration date, backup offers, buyer, additional offers. There may be different types or variations of the Oklahoma Addendum for Continued Marketing of Property by Seller due to Contingencies, depending on the specific terms and conditions agreed upon by the parties involved. However, these variations would generally revolve around the seller's rights and obligations in continuing to market the property while an offer is pending or in place.