Buyer Contingency Addendum
Protects buyers who need to sell an existing property before they can close on a new purchase — and defines the seller's rights if a better offer comes along.
What Is This Document?
The Buyer Contingency Addendum is used when a buyer needs to sell their current home before they can complete the purchase of a new property. It makes the purchase contract contingent on the successful sale and close of the buyer's existing property within a specified timeframe.
The addendum also typically includes a "kick-out" or "bump" clause that allows the seller to continue marketing the property. If the seller receives another acceptable offer, the buyer is usually given a short window to either remove the contingency and proceed without it, or release the seller to accept the new offer.
This addendum is common in move-up transactions where a buyer is selling a smaller property to fund the purchase of a larger one — including many horse property and acreage transactions.
Educational purposes only. Arizona real estate forms are updated periodically by the Arizona Association of REALTORS® and other issuing bodies. The current transaction documents control. This page provides a plain-English overview — it is not legal, tax, or professional advice. Consult a licensed real estate professional, attorney, inspector, water specialist, or other appropriate expert for guidance specific to your transaction.