Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: Allegheny
• 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. Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that allows sellers in Allegheny County, Pennsylvania, to extend the marketing efforts of their property in case certain contingencies arise during the selling process. This addendum provides a mechanism for sellers to continue marketing their property while contingency issues are being resolved. The Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies can be particularly useful in situations where a seller wishes to explore alternative offers or keep the property on the market while resolving contingency issues. Here are a few types of addendums that fall under this category: 1. Inspection Contingency Addendum: This addendum allows sellers to continue marketing their property while inspections are being conducted. It provides a timeline for the completion of inspections and a clause that safeguards the seller's right to consider other offers while addressing any necessary repairs. 2. Financing Contingency Addendum: In case the buyer's financing falls through, this addendum permits the seller to keep marketing the property while new financing options are being explored. It specifies a timeframe within which the buyer must secure financing or the seller can consider other offers. 3. Title Contingency Addendum: This type of addendum enables sellers to continue marketing their property when there are title issues that need to be resolved. It outlines a specific timeframe for the resolution of any title issues, allowing the seller to explore other offers during this period. 4. Appraisal Contingency Addendum: Should the property fail to appraise for the agreed-upon sale price, this addendum allows the seller to keep marketing the property while a new appraisal or negotiation takes place. It sets a timeline for the resolution of the appraisal discrepancy and allows the seller to consider other offers if necessary. Overall, the Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies provides flexibility for sellers, allowing them to maximize their opportunities for selling their property while addressing contingencies. It ensures transparency and provides a clear framework for both sellers and potential buyers in Allegheny County, Pennsylvania.

Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document that allows sellers in Allegheny County, Pennsylvania, to extend the marketing efforts of their property in case certain contingencies arise during the selling process. This addendum provides a mechanism for sellers to continue marketing their property while contingency issues are being resolved. The Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies can be particularly useful in situations where a seller wishes to explore alternative offers or keep the property on the market while resolving contingency issues. Here are a few types of addendums that fall under this category: 1. Inspection Contingency Addendum: This addendum allows sellers to continue marketing their property while inspections are being conducted. It provides a timeline for the completion of inspections and a clause that safeguards the seller's right to consider other offers while addressing any necessary repairs. 2. Financing Contingency Addendum: In case the buyer's financing falls through, this addendum permits the seller to keep marketing the property while new financing options are being explored. It specifies a timeframe within which the buyer must secure financing or the seller can consider other offers. 3. Title Contingency Addendum: This type of addendum enables sellers to continue marketing their property when there are title issues that need to be resolved. It outlines a specific timeframe for the resolution of any title issues, allowing the seller to explore other offers during this period. 4. Appraisal Contingency Addendum: Should the property fail to appraise for the agreed-upon sale price, this addendum allows the seller to keep marketing the property while a new appraisal or negotiation takes place. It sets a timeline for the resolution of the appraisal discrepancy and allows the seller to consider other offers if necessary. Overall, the Allegheny Pennsylvania Addendum for Continued Marketing of Property by Seller due to Contingencies provides flexibility for sellers, allowing them to maximize their opportunities for selling their property while addressing contingencies. It ensures transparency and provides a clear framework for both sellers and potential buyers in Allegheny County, Pennsylvania.