Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: Bronx
• 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. Bronx New York is a thriving borough located in New York City. Known for its rich history and diversity, the Bronx offers a unique blend of cultures, attractions, and opportunities for residents and visitors alike. With its vibrant neighborhoods, iconic landmarks, and access to various amenities, the Bronx is a desirable place to live, work, and invest in real estate. From the bustling streets of Fordham to the scenic views of Pelham Bay Park, this borough provides a diverse range of experiences for its residents. For sellers looking to market their property in the Bronx, it is essential to consider the Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies. This addendum serves as an additional contract clause that allows the seller to continue marketing their property while certain contingencies are being addressed. Different types of Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies may include: 1. Financing Contingency: This addendum enables the seller to continue marketing their property while the buyer secures financing for the purchase. It outlines specific timelines and conditions under which the buyer must obtain financing. 2. Inspection Contingency: When there are inspection contingencies, this addendum allows the seller to keep marketing the property while the buyer completes necessary inspections and obtains a satisfactory inspection report. 3. Appraisal Contingency: In cases where the buyer needs to obtain an appraisal of the property, this addendum permits the seller to continue marketing the property until the appraisal is completed and meets the agreed-upon price. 4. Title Contingency: This addendum allows the seller to market the property while the buyer addresses any potential issues with the title, such as liens or property rights. By utilizing a Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies, sellers can maximize exposure and keep their property on the market while potential buyers address various contingencies. This addendum ensures a smooth and efficient process for both parties involved. In conclusion, the Bronx, New York, offers a vibrant and diverse community with numerous opportunities for residents and real estate investors. By utilizing the appropriate Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies, sellers can effectively navigate the real estate market and attract potential buyers while addressing contingencies.

Bronx New York is a thriving borough located in New York City. Known for its rich history and diversity, the Bronx offers a unique blend of cultures, attractions, and opportunities for residents and visitors alike. With its vibrant neighborhoods, iconic landmarks, and access to various amenities, the Bronx is a desirable place to live, work, and invest in real estate. From the bustling streets of Fordham to the scenic views of Pelham Bay Park, this borough provides a diverse range of experiences for its residents. For sellers looking to market their property in the Bronx, it is essential to consider the Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies. This addendum serves as an additional contract clause that allows the seller to continue marketing their property while certain contingencies are being addressed. Different types of Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies may include: 1. Financing Contingency: This addendum enables the seller to continue marketing their property while the buyer secures financing for the purchase. It outlines specific timelines and conditions under which the buyer must obtain financing. 2. Inspection Contingency: When there are inspection contingencies, this addendum allows the seller to keep marketing the property while the buyer completes necessary inspections and obtains a satisfactory inspection report. 3. Appraisal Contingency: In cases where the buyer needs to obtain an appraisal of the property, this addendum permits the seller to continue marketing the property until the appraisal is completed and meets the agreed-upon price. 4. Title Contingency: This addendum allows the seller to market the property while the buyer addresses any potential issues with the title, such as liens or property rights. By utilizing a Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies, sellers can maximize exposure and keep their property on the market while potential buyers address various contingencies. This addendum ensures a smooth and efficient process for both parties involved. In conclusion, the Bronx, New York, offers a vibrant and diverse community with numerous opportunities for residents and real estate investors. By utilizing the appropriate Bronx New York Addendum for Continued Marketing of Property by Seller due to Contingencies, sellers can effectively navigate the real estate market and attract potential buyers while addressing contingencies.