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Clear FormLEADBASED PAINT DISCLOSURE FOR RESIDENTIAL SALES ADDENDUM DISCLOSURE OF INFORMATION ON LEASED PAINT AND LEASED PAINT HAZARDS This Addendum is made by the undersigned BUYER and SELLER and

How to fill out residential sales addendum

How to fill out residential sales addendum:

1. Obtain a copy of the residential sales addendum form from the appropriate source, such as your real estate agent, attorney, or a local real estate association.
2. Carefully read through the entire addendum to familiarize yourself with its contents and understand the terms and conditions.
3. Fill in your personal information, including your name, address, and contact details, in the designated sections of the addendum.
4. Identify the property being sold by providing its full address and legal description. This information is typically found in the purchase agreement or property deed.
5. Specify the purchase price and any additional terms related to the price, such as financing or adjustments.
6. Outline any contingencies or conditions that must be met for the sale to proceed, such as obtaining financing, satisfactory inspection results, or the sale of another property.
7. Indicate any specific repairs or improvements that the seller has agreed to make before the closing date.
8. If applicable, disclose any additional items or fixtures that are included in the sale, such as appliances or furniture.
9. Sign and date the addendum, and ensure that all other parties involved in the transaction also sign and date it.
10. Keep a copy of the fully completed and signed addendum for your records.

Who needs residential sales addendum:

1. Home buyers and sellers who want to include additional terms and conditions in their real estate transaction that are not covered in the standard purchase agreement.
2. Individuals who wish to outline specific repairs, improvements, or contingencies that must be addressed before the sale can be finalized.
3. Real estate agents and attorneys who want to ensure that all relevant details and agreements are properly documented and legally binding.

Note: It is always recommended to consult with a real estate professional or attorney for specific guidance regarding the completion of a residential sales addendum, as requirements and legal implications may vary depending on the jurisdiction.

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What is residential sales addendum?

Residential sales addendum is a supplemental document that is added to a real estate sales contract to include additional terms and conditions.

Who is required to file residential sales addendum?

The buyer and seller involved in a real estate transaction are required to file the residential sales addendum.

How to fill out residential sales addendum?

The residential sales addendum can be filled out by providing all the necessary information, including any additional terms or conditions agreed upon by both parties.

What is the purpose of residential sales addendum?

The purpose of residential sales addendum is to clarify and supplement the terms of the main sales contract, ensuring that all parties are in agreement.

What information must be reported on residential sales addendum?

The residential sales addendum must include details such as any additional fixtures or appliances included in the sale, any special financing arrangements, and any contingencies.