|
A: Why use a Connecticut Mortgage Broker?
Connecticut Mortgage brokers.
Apply for a Connecticut Home Equity Loan
Apply for a Connecticut Home Mortgage Loan
Contact Us
First Time Buyer in Connecticut Seminar Sign Up
Get Pre-Approved or Pre-Qualified
Refinance your Connecticut Home Mortgage Loan
|
2. Looking for a Home >>
State of Connecticut Home Page
This Addendum is intended to amend a certain Purchase Agreement or Contract dated _______________(the "Agreement") between the undersigned parties.
The parties each acknowledge that the Buyer owns real estate located at ___________________
__________________________________(the "Buyer's Property") which must be sold in order for the Buyer to meet its obligations under the Agreement. If the Buyer notifies the Seller in writing on or before ___________________ of the Buyer’s failure to receive a purchase agreement or contract for the Buyer's real estate, which purchase agreement or contract is either without contingencies or has all the contingencies waived or fulfilled, then any deposit monies paid by the Buyer shall be returned to the Buyer and this Agreement shall be of no further force and effect.
It is also further agreed and understood that the Seller may continue to market Seller's Property by any means, including advertising and showing to prospective buyers with the following conditions:
1. Seller shall cease marketing Seller's Property upon Seller's receipt of written notification by the Buyer that the Buyer is prepared to close in accordance with the terms of the Agreement.
2. Seller shall provide Buyer or Buyer's attorney with written notice if Seller accepts any bona fide offer for the purchase of the Premises. Such written notice shall be signed by the Seller and contain a copy of the bona fide offer Seller intends to accept. Buyer shall then have until 7:00 pm on the third business day, time being of the essence, after the Buyer's or Buyer's attorney's receipt of Seller's notice in which to agree to close in accordance with the terms of the Agreement without any contingency for the sale of Buyer's real estate. If the Buyer does not notify the Seller in writing of the Buyer's agreement to close in accordance with the terms of the Agreement without any contingency for the sale of Buyer's real estate by 7:00 pm on the third business day after the Buyer's or Buyer's attorney's receipt of Seller's notice, time being of the essence, then any deposit monies paid by the Buyer shall be returned to the Buyer and this Agreement shall be of no further force and effect. An offer which contains a contingency for the sale of the offeror's real estate shall not be considered a "bona fide offer" for purposes of this paragraph.
@2001-2002 Connecticut Association of Realtors@, Inc. Revised July 15, 2002
If your seller will not accept this clause then contact us to find a solution.
|