[WSBARP] property sale contingency form

[Craig Blackmon]

Here is what I use. Copy and paste, please!

SALE OF BUYER’S HOME: This Agreement is contingent on Buyer selling Buyer’s
real property located at _____________ (the “Contingent Property”).

Deadlines: No later than ___ (60, if blank) days after mutual acceptance of
this Agreement, the Contingent Property must be under contract (the
“Contingent PSA”). The Contingent PSA must have a closing date of no later
than ___ (105, if blank) days after mutual acceptance of this Agreement.
The Contingent PSA may not be contingent itself on the sale of that buyer’s
home. Within 3 days of mutual acceptance of the Contingent PSA, Buyer must
deliver a copy of the Contingent PSA to Seller and Closing Agent.

Termination: If Buyer fails to timely enter into the Contingent PSA, or if
the sale of the Contingent Property fails to timely close due to no fault
of Buyer, then upon notice to Seller this Agreement will terminate. Buyer
must deliver this notice no later than two days after failing to either
timely enter into the Contingent PSA, or close on the sale of the
Contingent Property due to no fault of Buyer.

Waiver: Buyer waives this contingency upon any of the following events:
Buyer enters into the Contingent PSA that has a closing date later than the
deadline set forth above; the Contingent PSA is itself contingent on the
sale of that buyer’s real property; or the sale of the Contingent Property
fails to close due to Buyer’s fault or breach as seller.

Closing Date: The Closing Date will be three days following the closing of
the sale of the Contingent Property. This Closing Date supersedes the
Closing Date shown on page 2 of this Agreement, if a different date is
shown there.
Craig


Craig Blackmon, Attorney at Law
<https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240>
92 Lenora St. #103, Seattle WA  98121
Office/Cell: (206) 369-5949
On the blog: Changes to Tile and the QCD
<https://seattlepropertylawyer.com/blog/quitclaim-deed-explained>
<https://seattlepropertylawyer.com/>    <https://www.fsbolawyers.org/>
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On Fri, Apr 7, 2023 at 1:18 PM Craig Sjostrom <cdsjostrom at comcast.net>
wrote:

> Hi all
>
> I’m doing a residential purchase/ sale agreement, and was wondering if
> anybody had a form contingency for the sale of buyer’s existing house (like
> a form 22-B)?
>
>
>
> Thanks very much
>
>
>
> Craig
>
>
>
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>
> > Law Office of Craig Sjostrom, 1204 Cleveland Ave., Mount Vernon, WA
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> cdsjostrom at comcast.net
>
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