San Diego California Addendum for Sale of Other Property by Buyer

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• County: San Diego
• Control #: US-00472-A7
• Format: Word; Rich Text

Description

Attaching this addendum makes the Real Estate Purchase Contract contingent on Buyer's sale of other property by a date certain. Ideal if Buyer must sell their old home before buying the new residence. San Diego, California is a coastal city renowned for its beautiful beaches, perfect weather, and vibrant lifestyle. Known as America's Finest City, San Diego offers a wide array of attractions, including attractions such as Balboa Park, the San Diego Zoo, and the historic Gas lamp Quarter. With its rich cultural heritage, diverse neighborhoods, and thriving economy, San Diego is a popular destination for residents and tourists alike. The San Diego California Addendum for Sale of Other Property by Buyer is a legal document designed to address the sale of a buyer's previous property in the purchase transaction. This addendum is commonly used in real estate transactions when the buyer needs to sell their current property in order to fund the purchase of a new property in San Diego. There are several types of San Diego California Addendum for Sale of Other Property by Buyer, each tailored to specific circumstances and preferences: 1. Standard Addendum: This is the most common type of addendum used in real estate transactions. It outlines the terms and conditions of the sale of the buyer's previous property, including the listing price, timelines for listing and closing, and any contingencies related to the sale. 2. Contingent Sale Addendum: This addendum is used when the buyer's purchase of the new property in San Diego is contingent upon the successful sale of their current property. It specifies the time frame within which the buyer must sell their property and allows for extensions if needed. 3. Backup Offer Addendum: In situations where the buyer has already received an offer on their current property but wishes to submit an offer on a new property in San Diego, this addendum comes into play. It states that the buyer's offer is contingent upon the cancellation or failure of the existing offer on their current property. 4. Home Sale Contingency Addendum: This addendum is used when the buyer needs to sell their current property in San Diego in order to finance the purchase of a new property. It details the conditions under which the buyer can back out of the purchase transaction if their current property does not sell within a specified time frame. 5. Exclusion Addendum: In certain situations, the buyer may wish to exclude specific conditions from the sale of their previous property. This addendum allows them to outline these exclusions in detail, ensuring they are not included in the sale transaction. It is important to consult with a knowledgeable real estate professional or attorney when using any of these San Diego California Addendums for Sale of Other Property by Buyer. They can provide guidance and ensure that the addendum aligns with the specific requirements and regulations of the San Diego market.

San Diego, California is a coastal city renowned for its beautiful beaches, perfect weather, and vibrant lifestyle. Known as America's Finest City, San Diego offers a wide array of attractions, including attractions such as Balboa Park, the San Diego Zoo, and the historic Gas lamp Quarter. With its rich cultural heritage, diverse neighborhoods, and thriving economy, San Diego is a popular destination for residents and tourists alike. The San Diego California Addendum for Sale of Other Property by Buyer is a legal document designed to address the sale of a buyer's previous property in the purchase transaction. This addendum is commonly used in real estate transactions when the buyer needs to sell their current property in order to fund the purchase of a new property in San Diego. There are several types of San Diego California Addendum for Sale of Other Property by Buyer, each tailored to specific circumstances and preferences: 1. Standard Addendum: This is the most common type of addendum used in real estate transactions. It outlines the terms and conditions of the sale of the buyer's previous property, including the listing price, timelines for listing and closing, and any contingencies related to the sale. 2. Contingent Sale Addendum: This addendum is used when the buyer's purchase of the new property in San Diego is contingent upon the successful sale of their current property. It specifies the time frame within which the buyer must sell their property and allows for extensions if needed. 3. Backup Offer Addendum: In situations where the buyer has already received an offer on their current property but wishes to submit an offer on a new property in San Diego, this addendum comes into play. It states that the buyer's offer is contingent upon the cancellation or failure of the existing offer on their current property. 4. Home Sale Contingency Addendum: This addendum is used when the buyer needs to sell their current property in San Diego in order to finance the purchase of a new property. It details the conditions under which the buyer can back out of the purchase transaction if their current property does not sell within a specified time frame. 5. Exclusion Addendum: In certain situations, the buyer may wish to exclude specific conditions from the sale of their previous property. This addendum allows them to outline these exclusions in detail, ensuring they are not included in the sale transaction. It is important to consult with a knowledgeable real estate professional or attorney when using any of these San Diego California Addendums for Sale of Other Property by Buyer. They can provide guidance and ensure that the addendum aligns with the specific requirements and regulations of the San Diego market.