Hey guys, just wanted to take some time today to talk about addenda. We'll be discussing the most popular addenda on the Texas Association of Realtors contracts and Texas real estate commission contracts. There are a couple of addenda we'll be focusing on today. Firstly, we'll talk about the agenda for sale of other property by buyer. This addendum is used when a buyer needs to sell their current property in order to purchase a new one. It could be a move-up buyer, empty nester, or someone making a lateral move. The addendum states that the buyer cannot qualify for the new property without selling their current one. Therefore, the sale of the new property is contingent upon them selling their current property. In the addendum, we need to fill in the address of the property the buyer wants to purchase. We also need to include the address of the property they need to sell and include a date for when they are expected to receive proceeds from the sale. If the contingency is not satisfied or waived, the contract will automatically terminate and the earnest money will be refunded to the buyer. Keep in mind that the closing date for the sale of the new property should not be later than the closing date stated in the contract. That's the basics of the addendum for sale of other property by buyer. Now, let me pull up some forms on the screen for you. Next, we'll discuss the reservation of oil, gas, and other minerals addendum. Then, we'll talk about the addendum for backup contract. Finally, we'll finish up with the buyer's walkthrough and acceptance form. If you have any questions, feel free to ask.
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Tar 1406 Form: What You Should Know
Use the right filing for your case. Save or Print your docs and sign & return. You can get back to it again, or check it by line. The “Downloads” tab is for downloading this form to your computer. Then print it out. Seller's Disclosure — TXR-1407 Seller's Disclosure Notice — Southwest Realty DATE — CONDITION -- In Very Good Condition COMMENTS — This structure is in very good condition. The wood on the upper floors is in good repair. All wood beams are straight. The basement floors are in good repair. Sellers Disclosure — TAR-1407-01 Seller's Disclosure Notice — Central Metro Realty I, The Applicant, declare under penalty of perjury under the laws of the state of Texas as follows. 1. I will execute the following documents... [SECTION B] 2. That I are a real estate salesperson who intends to list any lot, lots, properties or other real property for sale, whether advertised as “For Sale”, “On List” or “For Rent”, within the State of Texas. 3. That I have examined the materials contained on file with me and believe that in my opinion the Lot, Lots, Properties or Other Real Property, is of a type for sale to which the requirements of this chapter apply. Seller's Disclosure — TXR-1407 Seller's Disclosure Notice — Northwest Realty Date — CONDITION — in very good condition Comments — All wood on the upper floors is in good repair. The basement floors are in good repair. Seller's Disclosure — TXR-1407 Seller's Disclosure Notice — Riverside Realty Dates — Location — 6100 South I-35 Service Description — Wood rot and rot/damaged. Condition — In good condition. Comment: Wood on the upper floors is in good repair. Seller's Disclosure — TAR-1408 Seller's Disclosure Notice — SW Rancho Vista Realty June 19, 2018, Location — 915 East Airport Road Owner's Disclosure — This property is currently listed for sale online through Texas Property Appraiser. If this property is sold, I will be responsible for submitting the required Seller's Disclosure information to our office.
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Video instructions and help with filling out and completing Tar 1406
