Are you are buying a real estate property in Illinois? If you must sell your current home before you can complete the purchase of the new one, attach this Purchaser's Closing Contingency Rider
to the Sales Contract.
- The Rider ensures that your obligation to purchase the property is contingent on closing the sale of your existing home.
- The parties agree that the seller's property will stay on the market in the meantime.
- If the seller gets another acceptable offer in the meantime, the seller can accept the new offer subject to the purchaser removing all contingencies and proceeding with the transaction.
This Illinois Purchaser's Closing Contingency Rider
template is in MS Word format and is easy to download and use.
Last Updated: 14-April-2016