If the buyer’s purchase of the property is contingent upon the buyer obtaining funds from the sale of an existing property, the buyer should identify that contingency in Section 4 of the Sale Agreement. The buyer should also include OREF 083 – Buyer’s Contingent Right to Purchase Addendum with their offer to document the terms of the contingency.
And keep in mind that the buyer will have to provide OREF 083A – Contingent Right to Purchase – Notice to Seller before the “Contingency Deadline” in the Addendum.
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