King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: King
• 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. King Washington is a renowned real estate agency located in the city of Washington. With a strong reputation for providing exceptional property deals and services, they have introduced the King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies — a unique offering designed to cater to the specific needs of sellers facing contingencies. This addendum serves as an extension to the traditional marketing process, enabling sellers to continue advertising and promoting their property while dealing with unforeseen circumstances that may temporarily halt the sale. By incorporating this addendum into their listing agreement, sellers grant King Washington the authority to actively market and showcase their property, even if the sale is temporarily on hold due to contingencies. The King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies acts as a vital tool for sellers who may encounter unexpected situations, such as the buyer's financing falling through, home inspection issues, or delays in obtaining necessary permits or certifications. This addendum ensures that sellers can maintain a competitive market presence and capitalize on potential buyers, even when their property's sale is facing hurdles. Types of King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies: 1. Financing Contingency Addendum: This version of the addendum is applicable when the buyer's financing falls through, preventing the sale from proceeding as anticipated. With this addendum, sellers authorize King Washington to continue marketing their property, attracting potential buyers who might still be interested or capable of securing the necessary financing. 2. Inspection Contingency Addendum: If a home inspection reveals unexpected issues, such as significant repairs or structural concerns, the sale might be delayed or even canceled. In such cases, the Inspection Contingency Addendum allows sellers to grant King Washington permission to actively market the property during the resolution period, potentially attracting alternative buyers who are willing to address the identified problems. 3. Permit or Certification Contingency Addendum: This version of the addendum is applicable when the sale is contingent upon obtaining specific permits or certifications from relevant authorities. If delays occur in acquiring these documents, sellers can utilize the Permit or Certification Contingency Addendum to allow King Washington to continue marketing their property, ensuring maximum exposure to potential buyers throughout the waiting period. By offering these tailor-made addendums, King Washington demonstrates its commitment to assisting sellers in maneuvering through obstacles that may hinder the smooth progress of their property sale. With a team of experienced real estate professionals and a comprehensive network of resources, King Washington ensures that sellers have access to a robust marketing strategy that persists even when faced with contingencies. Sellers can rely on King Washington to provide dedicated support, ensure proper exposure to potential buyers, and ultimately expedite the sale process.

King Washington is a renowned real estate agency located in the city of Washington. With a strong reputation for providing exceptional property deals and services, they have introduced the King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies — a unique offering designed to cater to the specific needs of sellers facing contingencies. This addendum serves as an extension to the traditional marketing process, enabling sellers to continue advertising and promoting their property while dealing with unforeseen circumstances that may temporarily halt the sale. By incorporating this addendum into their listing agreement, sellers grant King Washington the authority to actively market and showcase their property, even if the sale is temporarily on hold due to contingencies. The King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies acts as a vital tool for sellers who may encounter unexpected situations, such as the buyer's financing falling through, home inspection issues, or delays in obtaining necessary permits or certifications. This addendum ensures that sellers can maintain a competitive market presence and capitalize on potential buyers, even when their property's sale is facing hurdles. Types of King Washington Addendum for Continued Marketing of Property by Seller due to Contingencies: 1. Financing Contingency Addendum: This version of the addendum is applicable when the buyer's financing falls through, preventing the sale from proceeding as anticipated. With this addendum, sellers authorize King Washington to continue marketing their property, attracting potential buyers who might still be interested or capable of securing the necessary financing. 2. Inspection Contingency Addendum: If a home inspection reveals unexpected issues, such as significant repairs or structural concerns, the sale might be delayed or even canceled. In such cases, the Inspection Contingency Addendum allows sellers to grant King Washington permission to actively market the property during the resolution period, potentially attracting alternative buyers who are willing to address the identified problems. 3. Permit or Certification Contingency Addendum: This version of the addendum is applicable when the sale is contingent upon obtaining specific permits or certifications from relevant authorities. If delays occur in acquiring these documents, sellers can utilize the Permit or Certification Contingency Addendum to allow King Washington to continue marketing their property, ensuring maximum exposure to potential buyers throughout the waiting period. By offering these tailor-made addendums, King Washington demonstrates its commitment to assisting sellers in maneuvering through obstacles that may hinder the smooth progress of their property sale. With a team of experienced real estate professionals and a comprehensive network of resources, King Washington ensures that sellers have access to a robust marketing strategy that persists even when faced with contingencies. Sellers can rely on King Washington to provide dedicated support, ensure proper exposure to potential buyers, and ultimately expedite the sale process.