Hello everyone I’m about 2 weeks from cloaks and my real estate agent sent me an addendum with no explanation about it so I’m a little confused.
It reads: The following terms and conditions are hereby incorporated and made part of the Purchase Agreement It’s dates Nov 10, 2020
On the notes it has: 1. Backup offer addendum is not part of this agreement.
What does this mean? It’s scaring me a little I want this home so bad and maybe I’m just thinking negatively for nothing but I don’t understand this type of real estate terminology. Is it something and or simply mean I’m agreeing to purchase? Or worse that the seller can back out?
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source https://www.reddit.com/r/RealEstate/comments/k2yh1c/question_about_an_addendum_i_received/
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