Los Angeles California Addendum for Continued Marketing of Property by Seller due to Contingencies

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: Los Angeles
• 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. Los Angeles, California is a sprawling city located on the west coast of the United States. Known for its vibrant lifestyle, diverse culture, and iconic landmarks, Los Angeles is a popular destination for tourists, professionals, and individuals seeking to experience the allure of this thriving metropolis. With its year-round sunny weather, Los Angeles offers a myriad of outdoor activities, including hiking in the scenic Santa Monica Mountains, relaxing at the stunning beaches of Santa Monica and Venice, or exploring the sprawling Griffith Observatory. Nature enthusiasts can also visit the picturesque Runyon Canyon Park or take a leisurely drive along the stunning Pacific Coast Highway. Los Angeles is famed for its world-class entertainment industry, serving as the hub of Hollywood. Visitors can catch a glimpse of their favorite celebrities along the renowned Hollywood Walk of Fame or take part in a studio tour to witness the behind-the-scenes magic of the film industry. For art enthusiasts, the Getty Center and the Los Angeles County Museum of Art showcase a rich collection of masterpieces from various periods and cultures. Food lovers will be delighted by Los Angeles' diverse culinary scene, offering a wide range of international cuisines. From gourmet food trucks to Michelin-starred restaurants, the city boasts countless dining options to satisfy every palate. The vibrant neighborhoods of Chinatown, Little Tokyo, and Koreatown offer an array of authentic ethnic dishes. In terms of addendums for continued marketing of properties in Los Angeles, there may be specific types depending on the contingencies involved. Some possible Los Angeles California addendums for continued marketing of property by the seller due to contingencies may include: 1. Financing Contingency Addendum: This addendum specifies that the marketing of the property is subject to the successful financing of the buyer. It outlines the terms and conditions related to the buyer's ability to secure adequate financing for the purchase. 2. Inspection Contingency Addendum: This addendum states that the marketing of the property will continue until the buyer completes a satisfactory inspection of the property. It outlines the timelines and procedures for the inspection process, including any necessary repairs or negotiation based on the inspection results. 3. Appraisal Contingency Addendum: This addendum ensures that the marketing of the property can continue until the buyer's lender completes an appraisal to confirm the property's market value. It lays out the obligations of the buyer and seller regarding potential changes to the purchase price based on the appraisal results. 4. Title Contingency Addendum: This addendum allows the marketing of the property to continue until the buyer receives a clear title report from a reputable title company. It includes provisions for resolving any legal issues related to the property's title, such as outstanding liens or encumbrances. It's important to note that the specific types of addendums may vary depending on individual circumstances and negotiations between the buyer and seller. Consulting with a real estate professional or attorney is crucial to ensure compliance with local laws and regulations.

Los Angeles, California is a sprawling city located on the west coast of the United States. Known for its vibrant lifestyle, diverse culture, and iconic landmarks, Los Angeles is a popular destination for tourists, professionals, and individuals seeking to experience the allure of this thriving metropolis. With its year-round sunny weather, Los Angeles offers a myriad of outdoor activities, including hiking in the scenic Santa Monica Mountains, relaxing at the stunning beaches of Santa Monica and Venice, or exploring the sprawling Griffith Observatory. Nature enthusiasts can also visit the picturesque Runyon Canyon Park or take a leisurely drive along the stunning Pacific Coast Highway. Los Angeles is famed for its world-class entertainment industry, serving as the hub of Hollywood. Visitors can catch a glimpse of their favorite celebrities along the renowned Hollywood Walk of Fame or take part in a studio tour to witness the behind-the-scenes magic of the film industry. For art enthusiasts, the Getty Center and the Los Angeles County Museum of Art showcase a rich collection of masterpieces from various periods and cultures. Food lovers will be delighted by Los Angeles' diverse culinary scene, offering a wide range of international cuisines. From gourmet food trucks to Michelin-starred restaurants, the city boasts countless dining options to satisfy every palate. The vibrant neighborhoods of Chinatown, Little Tokyo, and Koreatown offer an array of authentic ethnic dishes. In terms of addendums for continued marketing of properties in Los Angeles, there may be specific types depending on the contingencies involved. Some possible Los Angeles California addendums for continued marketing of property by the seller due to contingencies may include: 1. Financing Contingency Addendum: This addendum specifies that the marketing of the property is subject to the successful financing of the buyer. It outlines the terms and conditions related to the buyer's ability to secure adequate financing for the purchase. 2. Inspection Contingency Addendum: This addendum states that the marketing of the property will continue until the buyer completes a satisfactory inspection of the property. It outlines the timelines and procedures for the inspection process, including any necessary repairs or negotiation based on the inspection results. 3. Appraisal Contingency Addendum: This addendum ensures that the marketing of the property can continue until the buyer's lender completes an appraisal to confirm the property's market value. It lays out the obligations of the buyer and seller regarding potential changes to the purchase price based on the appraisal results. 4. Title Contingency Addendum: This addendum allows the marketing of the property to continue until the buyer receives a clear title report from a reputable title company. It includes provisions for resolving any legal issues related to the property's title, such as outstanding liens or encumbrances. It's important to note that the specific types of addendums may vary depending on individual circumstances and negotiations between the buyer and seller. Consulting with a real estate professional or attorney is crucial to ensure compliance with local laws and regulations.