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What are some of the changes that are modified on the initial contract?

April 26, 2017changes contract initial modified

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What are some of the changes that are modified on the initial contract?

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• Besides modifying the mortgage contingency and closing date, rejecting any set amount of damages for breach of the contract (which are called liquidated damages), detailing the responsibilities of the buyer and seller, as well as establishing a threshold of disrepair that would accumulatively allow for the cancelling of the contract. It would also include, basically adjusting the respective rights and obligations of both parties. This is done through what is called a “rider” to the contract which is attached for the buyer and seller.