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REAL ESTATE PURCHASE ADDENDUM A addendum is to be made part of, and incorporated into, the purchase Contract dated, 2013 (the Contract), between East Coast Business Services, 10 Cotswold Blvd, #1D,

How to fill out real estate purchase addendum

How to fill out a real estate purchase addendum:

1. Start by carefully reading the existing purchase agreement. The addendum is meant to modify or add specific terms and conditions to the original agreement, so understanding the existing terms is crucial.
2. Identify the specific changes or additions you wish to make to the original agreement. This could include adding contingencies, changing the purchase price, or modifying any other terms.
3. Clearly state the modifications or additions in the addendum. Use specific and concise language to ensure that all parties understand the intent and impact of the changes.
4. Include the effective date of the addendum. This is the date from which the modified terms will take effect. It's important to ensure that all parties agree on the effective date.
5. Sign the addendum with all participating parties. This includes both the buyer and seller, as well as any additional parties involved in the transaction, such as real estate agents or attorneys.
6. Ensure that all signed copies of the addendum are provided to all parties involved for their records. It's essential to keep a copy of the addendum on file for future reference.

Who needs a real estate purchase addendum?

1. Buyers: A real estate purchase addendum may be necessary for buyers who wish to modify or add specific terms to the original purchase agreement. This could include contingencies, changes in financing terms, or adjustments to purchase price.
2. Sellers: Sellers may also require a real estate purchase addendum if they want to modify or add any terms to the existing purchase agreement. This could include changes in closing dates, repairs or improvements, or any other alterations that both parties agree upon.
3. Real estate agents and attorneys: In some cases, real estate agents or attorneys may recommend or require a real estate purchase addendum to ensure that all modifications or additions to the original agreement are properly documented and legally binding.

In summary, filling out a real estate purchase addendum requires a thorough understanding of the original purchase agreement, clear communication of any modifications or additions, and proper documentation and signatures from all participating parties. This step is necessary for both buyers and sellers who wish to modify or add specific terms to the existing agreement, ensuring that all parties are on the same page and legally bound by the revised terms.

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What is real estate purchase addendum?

A real estate purchase addendum is a document that is added to an existing real estate contract to modify or add additional terms.

Who is required to file real estate purchase addendum?

The parties involved in a real estate transaction, such as the buyer and seller, may be required to file a real estate purchase addendum.

How to fill out real estate purchase addendum?

To fill out a real estate purchase addendum, you should follow the instructions provided in the document and make sure to include all necessary information.

What is the purpose of real estate purchase addendum?

The purpose of a real estate purchase addendum is to make changes or additions to the terms of an existing real estate contract.

What information must be reported on real estate purchase addendum?

The real estate purchase addendum should include the specific changes or additions to the original contract, as well as any relevant details or conditions.