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C150DH9 RED # REAL ESTATE PURCHASE ADDENDUM This Real Estate Purchase Addendum (Addendum) is to be made part of, and incorporated into, the Real Estate Purchase Contract (the “Contract “), between

How to fill out real estate purchase addendum

How to fill out a real estate purchase addendum:

1. Begin by carefully reviewing the original purchase agreement. Understand the terms and conditions outlined in the agreement, as well as any contingencies that may need to be addressed through the addendum.
2. Determine the specific changes or additions that need to be made to the original agreement. This could include adjustments to the purchase price, the inclusion of additional repairs or inspections, or any other revisions that have been mutually agreed upon by the buyer and seller.
3. Clearly state the purpose of the addendum at the beginning, indicating that it is being used to modify the original purchase agreement and providing a detailed description of the changes being made.
4. Include the legal names and contact information of all parties involved, both the buyer and the seller. This ensures that the addendum is properly binding and that all parties can be easily reached for further communication.
5. Provide a clear and comprehensive description of each change or addition being made. Use specific language and avoid vague or ambiguous terms that could lead to misunderstandings in the future. Clearly specify the new terms, deadlines, or conditions that are being included in the addendum.
6. If necessary, include any signatures, initials, or notary seals that may be required to make the addendum legally valid. Consult local regulations and legal requirements to ensure that the necessary steps are taken to properly execute the addendum.
7. Once completed, distribute copies of the addendum to all parties involved, making sure that each party retains a signed copy for their records. This ensures that everyone is aware of the agreed-upon changes and can refer to the addendum as needed throughout the course of the real estate transaction.

Who needs a real estate purchase addendum?

1. Buyers and sellers who wish to make changes or additions to the original purchase agreement.
2. Parties who have agreed upon new terms, conditions, or contingencies that were not originally addressed in the purchase agreement.
3. Individuals who want to ensure that any modifications or adjustments to the original agreement are legally binding and properly documented. This helps to protect the interests of both the buyer and the seller and ensures that all parties are aware of and agree to the changes being made.

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