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This document serves as an addendum or counteroffer to a real estate purchase contract, detailing modifications to the contract terms, deadlines, and acceptance conditions between the buyer and seller.

How to fill out addendum to real estate

How to fill out Addendum to Real Estate Purchase Contract

1. Obtain a copy of the Addendum to Real Estate Purchase Contract template.
2. Fill in the date at the top of the document.
3. Include the names of all the parties involved in the transaction.
4. Reference the original Real Estate Purchase Contract by including its date and parties.
5. Clearly state the specific terms or conditions that are being added, modified, or deleted.
6. Ensure that each change is clearly delineated and easy to understand.
7. Include any deadlines or time frames related to the changes, if applicable.
8. Provide space for signatures of all parties involved to acknowledge the changes.
9. Keep a copy of the signed Addendum for your records.

Who needs Addendum to Real Estate Purchase Contract?

1. Buyers and sellers involved in a real estate transaction who need to modify the terms of their existing Purchase Contract.
2. Real estate agents or brokers facilitating the transaction.
3. Legal professionals advising on real estate transactions.

People Also Ask about

How do I write an addendum to a contract?

Include a title, reference to the original contract, effective date, changes, purpose, signatures, and an optional integration clause. Keep formatting consistent, consult legal advice for complex changes, stay specific, and draft contracts with flexibility to minimize addenda.

What is an example of an addendum statement?

This letter serves as an addendum to your original letter of offer, dated [Insert date]. All other terms and conditions of your original letter of offer remain the same. Acceptance: I understand and accept the conditions of this addendum to the terms in the original letter of offer.

What is the difference between a contract amendment and an addendum?

Key takeaways: A contract amendment is a formal alteration or modification made to an already signed contract. A contract addendum is an additional document that is attached to the original contract. The decision to use an addendum or an amendment depends on the nature of the changes being made.

What is an addendum to a purchase agreement?

A purchase agreement addendum, or "amendment," is added to a real estate purchase agreement to expand or amend the agreement's terms and conditions. The addendum must be signed by both buyer and seller to become in effect. After signing, the addendum should be attached to the original purchase agreement.

For pdfFiller’s FAQs

What is Addendum to Real Estate Purchase Contract?

An Addendum to Real Estate Purchase Contract is a document that modifies or adds specific terms and conditions to the original real estate purchase contract.

Who is required to file Addendum to Real Estate Purchase Contract?

Typically, either the buyer or the seller may file an Addendum to the Real Estate Purchase Contract, often with the assistance of their real estate agents or attorneys.

How to fill out Addendum to Real Estate Purchase Contract?

To fill out the Addendum, include the original contract date, specify the changes or additional terms being added, and ensure all parties sign and date the document.

What is the purpose of Addendum to Real Estate Purchase Contract?

The purpose of an Addendum is to modify existing terms, clarify misunderstandings, or provide additional information that was not included in the original contract.

What information must be reported on Addendum to Real Estate Purchase Contract?

The Addendum must report any changes to terms, conditions, or contingencies, including details like price adjustments, inspection results, or timelines for closing.