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Southland R e g i o n an l Association of Realtors, Inc. ADDENDUM TO RESIDENTIAL PURCHASE AGREEMENT THIS IS INTENDED TO BE A LEGALLY BINDING DOCUMENT READ IT CAREFULLY FOR USE WITH PROPERTIES LOCATED
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How to fill out addendum to bresidential purchaseb
How to fill out addendum to residential purchase?
01
Start by obtaining a copy of the addendum form. This can typically be obtained from the seller's real estate agent or from your own agent or attorney if you have one.
02
Read through the addendum carefully to understand its purpose and any specific instructions or requirements.
03
Fill in the necessary information on the addendum form. This may include your name, address, and contact information, as well as the details of the property being purchased.
04
If there are any special conditions or terms that need to be included in the addendum, make sure to properly document them. This could include items such as repairs to be completed before closing, contingencies for inspections or financing, or any other agreements made between the buyer and seller.
05
Review the addendum form once you have completed it to ensure that all required information is filled in accurately. Double-check for any errors or omissions.
06
Sign and date the addendum, making sure to follow any specific instructions regarding signatures. Depending on the jurisdiction, additional witnesses or notaries may be required.
07
Make copies of the completed addendum for all parties involved in the purchase, such as the seller, buyer, real estate agents, and attorneys.
08
Submit the completed addendum to the appropriate parties, such as the seller's agent or attorney, so that it can be added to the official purchase documents.
09
It is important to note that the process of filling out an addendum to a residential purchase may vary depending on the specific circumstances of the transaction. It is always advisable to seek guidance from a real estate professional or attorney to ensure that the addendum is properly completed and executed.
Who needs an addendum to residential purchase?
01
Homebuyers who wish to include additional terms or conditions in the purchase agreement that are not covered in the standard contract.
02
Sellers who agree to specific requests or changes proposed by the buyer.
03
Both buyers and sellers who wish to modify or amend the original purchase agreement after it has been signed and accepted.
It is important to consult with a real estate professional or attorney to determine if an addendum is necessary and how to properly draft and complete it.
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What is addendum to residential purchase?
An addendum to a residential purchase is a document that is used to make changes or additions to the original purchase agreement.
Who is required to file addendum to residential purchase?
Both the buyer and the seller are typically required to file an addendum to a residential purchase agreement.
How to fill out addendum to residential purchase?
To fill out an addendum to a residential purchase, both parties must agree on the changes or additions, and then sign and date the document.
What is the purpose of addendum to residential purchase?
The purpose of an addendum to a residential purchase is to clarify, modify, or add to the terms of the original purchase agreement.
What information must be reported on addendum to residential purchase?
The addendum to a residential purchase should include specific details about the changes or additions being made to the original agreement.
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