PURCHASE BID BUYER TO SELL CURRENTLY OWNED PROPERTY
Purchase bid buyer to sell currently owned property
When the buyer wants to buy a property or a piece of land he or she pays for it by either the funds that he or she has or by getting a loan on the property to be purchased. There are times where the buyer decides to sell a property that he or she owns and use that amount to finance this new property.
In all the cases, the buyer and the seller enter into a sale agreement for the purchase of the land. However, when the buyer needs to first sell the property he or she owns and use that money to buy this property for himself or herself, he or she makes an amendment to the sale agreement. This amendment is legally binding and it is signed and agreed upon by both the seller and the buyer.
As per the terms of the amendment made, the buyer informs the seller that he or she will only be able to purchase the property in question if and when the currently owned property whose details are furnished in the agreement is sold. The buyer also mentions the minimum price at which he or she will agree to sell the property in question and failing to sell the property at that price, he or she will not be in a position to buy this property which is in question.
This amendment to the agreement of the sale needs to be dated as well as witnessed and the witness needs to add his or her signature and name to it as well.
Where to download PURCHASE BID BUYER TO SELL CURRENTLY OWNED PROPERTY Template?
Sample Template Preview
BUYER TO SELL CURRENTLY OWNED PROPERTY
The following shall be considered a legally binding amendment to the agreement made between __________________ and ___________________, dated ________________,
for the sale of ______________________________________.
This bid is conditional on buyer’s selling currently owned property by buyer at _________
__________________________________________________ (address) (if applicable, add: for a price of no less than _____________ (amount) ($________)).
- Agreement for sale of interest of purchaser
- Cash payment plus assumption of existing mortgage
- Contract Giving Grantor in Deed to Avoid Foreclosure the right to repurchase
- Erection of Building-Sales and Exchanges
- Forfeiture of Improvements
- Insurable Title
- Nevada – Seller’s Real Property Disclosure Form
- Offer to Purchase Real Estate
- PURCHASE BID PERSONAL PROPERTY
- Transfer to Occur after Closing