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Explore Instructions on How and When to Write an offer with a Contingent Contract in Texas with 1,120 views, 14 likes, and 2 comments. Experience the impact of this video content that has captured audience attention.

How and when to write an offer with a contingency contract in Texas. You're going to do this when a buyer wants to purchase a new property but needs to sell their existing property before closing on the new In Box #9 we are going to make sure that is date is on or after the closing date of the property that buyer is selling. In Box #22 we are going to mark for Addendum for Sale of Other Property by Buyer and mark any other addenduams you will need to go with this contract, like Non-Realty Item Addendum, Financing Addenduam, etc. The next form your going to complete is the Addeduam for Sell of Other Property by Buyer on the top line you will to put the address of the property that the buyear is wanting to purchase. In Box A the first line in box A you're going to put the address of the property that the buyer is wanting to sell. The next line is the date needs to be on or before the date of closing of the properties that the buyer is purchasing. In Box B you will need to complete as if seller accept another offer you're going to negotiate this prior to that acceptance. What would happen, typical it is two or three days that the buyer tells you you need to waive the contingency or you need to terminate. If you just choose to wave the contingency, you'll pay additional earnest money into the escrow account. If you choose not to you will get your prior ernest money back, The amount of money is always negotiable. The final part of this addendum is to complete the signatures of the buyers and sellers. This addenduduam and all additional addendums with the One to Four Family Contract will be submitted to the listing agent or to whoever you're instructed to submit it to.

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