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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 FANNIE MAE Contract “), between

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How to fill out real estate purchase addendum

How to fill out a real estate purchase addendum:

01

Begin by reviewing the original purchase agreement for the property. This will provide you with the necessary details and terms that need to be addressed in the addendum.

02

Clearly identify the parties involved in the transaction. Include the names of the buyer, seller, and any agents or brokers involved.

03

Determine the specific amendment or change that needs to be made to the original purchase agreement. This could include modifications to the purchase price, timeline, or any other terms that need to be adjusted.

04

Clearly state the proposed amendment or change in the addendum. Be as specific and detailed as possible to avoid any confusion or misunderstandings.

05

Specify the effective date of the addendum. This should be the date when both parties agree to the proposed changes.

06

Provide space for all parties involved to sign and date the addendum. Make sure that all signatures are legible and clearly represent the individuals involved.

Who needs a real estate purchase addendum:

01

Buyers or sellers who want to make changes to the original purchase agreement. This could be due to changes in circumstances, negotiations, or any other factors that require modifications to the initial terms.

02

Real estate agents or brokers who are facilitating the transaction. They may need to draft or review the addendum to ensure that it accurately reflects the agreed-upon changes.

03

Lenders or financial institutions involved in the transaction. They may require additional documentation, such as a real estate purchase addendum, to assess the revised terms of the agreement.

In summary, anyone involved in a real estate transaction who wishes to amend or modify the original purchase agreement may need to fill out a real estate purchase addendum. This document serves as a legal and binding record of any negotiated changes to the initial terms of the agreement.

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