SCR310 Section 28 states that the most recent changes, amendments, attachments, contingencies, stipulations, addendum, additions, exhibits, or writings agreed to by the Parties is evidence of the Parties’ intent and agreement and shall control any Contract language conflicts.
Parties shall initial and date Contract changes.
Parties can initial all SCR310 pages.
Changes on the SCR310 can be made with initials and dates.
Beware "cleaning up" the form because it is risky that you will make an error when creating the "clean copy" (e.g. mistakenly transposing the price from $334,500 to $343,500)
Changes where Parties are going to use SCR506 and SCR507 and SCR390 here are 6 common sentences that should be copied into the SCR506 or SCR507 or SCR390 verbatim to eliminate disputes.
Purchase Price $ _______________________________________________________
Closing occurs when Seller conveys Property to Buyer and occurs no later than 5 pm on or before ____________________________ 2019 (Closing Date) with an automatic extension of ___ business dayss for an unsatisfied congtingency through no fault of either party.
Earnest money total $ ________________________ USD Earnest money is paid as followss: $ ______________ accompanies this offer and $ ________________ will be paid within __ Buiness Days after Efffective Date….
At Closing, Seller will pay Buyer’s transaction costs not to exceed $ _____________ or __% of purchase price whichever is higher which includes non-allowable costs first and then allowable costs (FHA/VA).
(A) All Repair Procedure Inspections shall be completed no later than __ Business Days after the Contract’s original primary Effective Date.
(B) No later than __ Business Days after the date of the Delivered Notice of the Repair Requests, Seller shall Deliver Notice agreeing or not agreeing to make repairs in the Buyer’s Repair Requests.
Parties agree that a Home Warranty ordered by __________________________ with at least 12 months of coverage after Closing Date will be provided by Closing and $ ____ will be paid by __________________________ to the Home Warranty Company.
Posted by: Byron King on 03/21/19 (This information is only accurate as of 03/21/19. You must contact SCR for updates and changes to this information after 03/21/19 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)