Exit Clause

Welcome spezinsky and all newbies,
It seems a lot of newbies come on and post things before reading through the site.I know there's a lot to read and going back through this site can be difficult.I just saw this simuliar question over and over and if you can't find it, try clicking on "top users" on the left of this site, and once you come to their profile, then click on "track" which is located above their name.You will find a lot of good posts that will answer a lot of your questions.
Hope that helps.

Jason Smith wrote:
clauses from different top user's on here.

Build assets-Jason's clause's

1.This offer is subject to buyer’s walk-through inspection and/or buyer’s partners’ walk-through inspection and acceptance of same delivered to seller within thirty days of seller’s acceptance of this offer to purchase.
2. This offer is subject to property inspection by a licensed home inspector, the results of which must meet buyer’s satisfaction.
3. Buyer has the unqualified right to assign his interest in this contract prior to settlement to any person, corporation or entity which he may designate.
4.This offer is subject to approval of buyer’s associate within thirty days of acceptance.
5. Buyer reserves the right to show the property prior to settlement for the purpose of either renting or reselling it, and seller agrees to permit access to buyer at any time from the date of this agreement up to the settlement date.

I forgot who wrote this one.

This is what I put in my contracts as an added bail out clause. You may want your RE attorney to reword it to suit them.........I call it my Attorney Review Contingency or Addendum:
ATTORNEY REVIEW:
The terms of this contract (and all riders attached) except purchase price, are subject to modification by the buyers attorney within ___ business days following the date of acceptance. Notice of modification shall be in writing (fax acceptable) and shall state the specific terms being modified along with suggested revisions. If within ______ business days of the date of acceptance, agreement is not reached, this contract shall be null and void and all earnest money shall be refunded to the buyers.

This contingency provides protection for you. It gives you the assurance and peace of mind that you can negotiate and sign a contract with the ability to get out of it (within the time period specified). But then the sellers have an equal ability to get out of the contract through their attorney–should they choose to do so.
To easily get out of a contract. You can insist on added contract stipulations that are outrageous. Including demanding such things as, putting the closing out for two years, etc. Since the seller will not agree to new ridiculous demands, the contract is voided within the review period.
ESCAPE CLAUSES Unfortunately I have posted this Information Numerous times(Escape Clauses, along with other's on this site), just look it up in the Archives......As for where to put the Clauses, they'll need to go on a Separate Addendum that gets added to the contract, I will tell you the (4) that I always include in each deal:

Sully's clauses

1)a."Subject to Buyer Obtaining Suitable Financing".or
1)b "ABILITY TO ACQUIRE FINANCING SUITABLE TO THE BUYER"
2) "ABILITY TO ASSIGN"
3) "OFFER IS CONTINGENT UPON SUITABLE HOME INSPECTION"
4) "ENTRY RIGHT"

Thanks for the tips, especially about top users. I had a hard time finding the info using the search feature and I think this will help to narrow things down.