Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: Franklin
• 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. Franklin Ohio is a charming city located in Warren County, nestled in the southwestern region of Ohio. This bustling city offers a unique blend of history, natural beauty, and contemporary amenities. From its rich historical landmarks to its vibrant community atmosphere, Franklin Ohio has something to offer for everyone. The Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies is an essential document used in real estate transactions. This addendum allows the seller to extend the marketing period for their property in case certain contingencies arise, ensuring that their property remains on the market until those contingencies are resolved. There are different types of Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies that may be named based on specific scenarios, such as: 1. Contingency for Financing Addendum: This addendum is used when the buyer's financing falls through, and the seller wants to continue marketing the property until the buyer secures the necessary funds. 2. Contingency for Home Inspection Addendum: If a buyer's home inspection reveals certain issues or concerns, the seller may use this addendum to extend the marketing period until the buyer decides how to proceed or requests repairs. 3. Contingency for Sale of Buyer's Property Addendum: In cases where the buyer needs to sell their own property before finalizing the purchase, this addendum allows the seller to keep marketing the property until the buyer's property is sold. 4. Contingency for Appraisal Addendum: This addendum comes into play when the property appraisal falls short of the agreed-upon purchase price. The addendum allows the seller to continue marketing the property until the buyer and seller can reach a resolution regarding the appraisal value. In conclusion, Franklin Ohio is a vibrant city with a diverse range of properties available for sale. The Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies is a valuable tool that safeguards the seller's interest in uncertain situations. By utilizing various types of addendums based on specific contingencies, sellers can ensure their properties remain actively marketed until a resolution is reached, providing a fair and efficient real estate transaction process.

Franklin Ohio is a charming city located in Warren County, nestled in the southwestern region of Ohio. This bustling city offers a unique blend of history, natural beauty, and contemporary amenities. From its rich historical landmarks to its vibrant community atmosphere, Franklin Ohio has something to offer for everyone. The Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies is an essential document used in real estate transactions. This addendum allows the seller to extend the marketing period for their property in case certain contingencies arise, ensuring that their property remains on the market until those contingencies are resolved. There are different types of Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies that may be named based on specific scenarios, such as: 1. Contingency for Financing Addendum: This addendum is used when the buyer's financing falls through, and the seller wants to continue marketing the property until the buyer secures the necessary funds. 2. Contingency for Home Inspection Addendum: If a buyer's home inspection reveals certain issues or concerns, the seller may use this addendum to extend the marketing period until the buyer decides how to proceed or requests repairs. 3. Contingency for Sale of Buyer's Property Addendum: In cases where the buyer needs to sell their own property before finalizing the purchase, this addendum allows the seller to keep marketing the property until the buyer's property is sold. 4. Contingency for Appraisal Addendum: This addendum comes into play when the property appraisal falls short of the agreed-upon purchase price. The addendum allows the seller to continue marketing the property until the buyer and seller can reach a resolution regarding the appraisal value. In conclusion, Franklin Ohio is a vibrant city with a diverse range of properties available for sale. The Franklin Ohio Addendum for Continued Marketing of Property by Seller due to Contingencies is a valuable tool that safeguards the seller's interest in uncertain situations. By utilizing various types of addendums based on specific contingencies, sellers can ensure their properties remain actively marketed until a resolution is reached, providing a fair and efficient real estate transaction process.