Maximizing your chances of receiving an offer by accommodating your buyer’s concerns with a contingency addendum.

Can help you establish the terms of a contingency agreement between a buyer and a seller in a real estate transaction.

Whether your buyer needs to sell a current property or wants special additions or changes to a new property, there is no need to slow the selling process. This form allows you to establish a contingency addendum to a sales contract so your property is one step closer to being sold. It also allows you to set clear timelines for the contingency(ies) to be met. This form will help you quickly and legally facilitate the selling process when buyer issues stand in the way.

ONE-PAGE FORM ALLOWS YOU TO:

• add a contingency addendum to a real estate contract
• specify terms for a contingency agreement
• protect yourself from potential legal action
• have a standard agreement for multiple occurrences
• ensure consistent treatment of buyers
• communicate in clear, concise language
• maintain up-to-date records on contingency agreements
• establish a firm closing date
• inform buyer(s) of sales process if an acceptable offer is made

TERMS AND CONDITIONS COVERED:

• factor(s) contingent to sale
• deadline for buyer to waive contingency addendum
• buyer waiver process
• property location
• buyer’s deposit
• acceptable methods of notification for contingency release
• termination of contract

Contents reviewed and approved by attorneys or industry experts