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ADDENDUM HOME SELLERS×HOME BUYERS DISPUTE RESOLUTION SYSTEM This is an addendum to the Contract of Purchase dated (the Contract) between (the Purchaser×, (the Seller×, (the Listing Broker×, (the

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How to fill out addendum home sellershome buyers

How to Fill Out Addendum for Home Sellers/Home Buyers:

01

Start by reviewing the existing purchase agreement or contract: Begin by thoroughly reading the current purchase agreement or contract to familiarize yourself with its terms and conditions. This will help you identify any specific areas that need to be addressed in the addendum.

02

Determine the changes or additions required: Carefully assess the modifications or additional terms you wish to include in the addendum. These can vary greatly depending on your specific situation, such as repairs to be made, concessions in price, or contingencies to be met.

03

Clearly state the purpose and intent: Begin the addendum by clearly stating its purpose and intent. This will make it easier for all parties involved to understand the purpose of the addendum and the changes being made.

04

List the specific changes or additions: Provide a clear and concise list of the changes or additions that need to be made. Use bullet points or numbered lists to ensure clarity and ease of understanding.

05

Specify the timeline or conditions: If there are any specific timelines or conditions that need to be met, clearly outline them in the addendum. This could include deadlines for repairs, completion of inspections, or financing contingencies.

06

Be detailed and thorough: While it's important to be clear and concise, make sure to provide enough detail to avoid any confusion or ambiguity. Include all necessary information, such as addresses, names, and any pertinent legal information.

Who needs Addendum for Home Sellers/Home Buyers?

01

Home Sellers: If you, as the seller, want to make changes to the existing purchase agreement or contract, such as requesting repairs from the buyer or negotiating the terms of the sale, you will need an addendum. This helps document any modifications or additional terms agreed upon by both parties.

02

Home Buyers: Similarly, as the buyer, you may require an addendum to address any specific concerns or conditions that are not included in the original purchase agreement. This could include requests for repairs, changes in closing dates, or contingencies related to the sale.

By following these steps, both home sellers and home buyers can effectively fill out an addendum to address their specific needs and ensure clarity and understanding between all parties involved in the real estate transaction.

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What is addendum home sellershome buyers?

An addendum is a document that is added to a real estate contract to include additional terms or conditions.

Who is required to file addendum home sellershome buyers?

Both home sellers and home buyers may be required to file an addendum, depending on the terms of the original contract.

How to fill out addendum home sellershome buyers?

To fill out an addendum, both parties must agree on the changes or additions to the original contract and then sign the document.

What is the purpose of addendum home sellershome buyers?

The purpose of an addendum is to modify or add to the terms of a real estate contract in order to clarify or expand upon the original agreement.

What information must be reported on addendum home sellershome buyers?

The addendum should clearly state the changes or additions being made to the original contract, along with any other relevant details.

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