Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document specific to the Miami-Dade County in Florida, that allows the seller of a property to continue marketing and accepting offers on their property even after a contract has been signed, under certain contingencies. This addendum is typically used when certain conditions need to be met before the sale can be finalized. These conditions, known as contingencies, could include the buyer's ability to secure financing, the completion of necessary repairs or inspections, or the successful closing of another property the buyer may be selling. The addendum provides a mechanism for the seller to keep their property on the market and entertain other potential buyers while the contingency is being resolved. There are different types of Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Contingencies, which can be named based on the specific contingencies being addressed. Some common named variations include: 1. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Financing Contingency: This addendum allows the seller to accept backup offers if the buyer's financing falls through or is delayed. 2. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Inspection Contingency: This addendum allows the seller to continue marketing their property if there are inspection-related issues to be resolved, such as necessary repairs or further negotiations. 3. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Sale Contingency: This addendum is used when the buyer's offer is contingent upon the successful closing of their own property sale, allowing the seller to entertain backup offers until the sale contingency is met. The purpose of these different addendums is to ensure that the seller has options and can keep their property available to potential buyers in case the initial contract falls through or is delayed due to specific contingencies. It provides flexibility and helps maximize the chances of selling the property in a timely manner while protecting the seller's interests.
Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Contingencies
Category:
State:
Multi-State
County:
Miami-Dade
Control #:
US-00472-A2
Format:
Word;
Rich Text
Instant download
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.
Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Contingencies is a legal document specific to the Miami-Dade County in Florida, that allows the seller of a property to continue marketing and accepting offers on their property even after a contract has been signed, under certain contingencies. This addendum is typically used when certain conditions need to be met before the sale can be finalized. These conditions, known as contingencies, could include the buyer's ability to secure financing, the completion of necessary repairs or inspections, or the successful closing of another property the buyer may be selling. The addendum provides a mechanism for the seller to keep their property on the market and entertain other potential buyers while the contingency is being resolved. There are different types of Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Contingencies, which can be named based on the specific contingencies being addressed. Some common named variations include: 1. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Financing Contingency: This addendum allows the seller to accept backup offers if the buyer's financing falls through or is delayed. 2. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Inspection Contingency: This addendum allows the seller to continue marketing their property if there are inspection-related issues to be resolved, such as necessary repairs or further negotiations. 3. Miami-Dade Florida Addendum for Continued Marketing of Property by Seller due to Sale Contingency: This addendum is used when the buyer's offer is contingent upon the successful closing of their own property sale, allowing the seller to entertain backup offers until the sale contingency is met. The purpose of these different addendums is to ensure that the seller has options and can keep their property available to potential buyers in case the initial contract falls through or is delayed due to specific contingencies. It provides flexibility and helps maximize the chances of selling the property in a timely manner while protecting the seller's interests.
