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ROANOKE VALLEY ASSOCIATION OF REALTORS ADDENDUM/AMENDMENT TO PURCHASE AGREEMENT # of This ()Addendum / ()Amendment is attached to and made a part of that contract of purchase (the Contract) dated,

How to fill out addendum-amendment to purchase

How to fill out addendum-amendment to purchase:

1. Start by carefully reading and understanding the original purchase agreement. It is important to know the specific details and terms that need to be modified or added.
2. Clearly identify the sections or provisions of the purchase agreement that are being amended or supplemented. This will help ensure that the changes are accurately reflected in the addendum.
3. Use clear and concise language to describe the proposed changes or additions. Be specific about what is being modified, and provide all necessary information and details.
4. If any additional documents or exhibits are required to support the changes, ensure that they are properly referenced and attached to the addendum.
5. Include a clause indicating that the original purchase agreement remains in effect, except for the changes stated in the addendum. This will help avoid any confusion or conflicts between the two documents.
6. Date and sign the addendum, indicating the parties involved and their respective roles (buyer, seller, agent, etc.).
7. Make sure all parties involved in the original purchase agreement receive a copy of the addendum. It is important for everyone to be aware of the changes and to have a record of the modified terms.

Who needs addendum-amendment to purchase?

1. Buyers or sellers who wish to make changes to the original terms of a purchase agreement may need an addendum-amendment. This can occur due to various reasons, such as a change in the agreed purchase price, modifications to the closing date, or adjustments to the property condition or contingencies.
2. Real estate agents or brokers involved in the transaction may also require an addendum-amendment to ensure that all parties are aware and in agreement with the changes being made.
3. Lenders or financial institutions funding the purchase may request an addendum-amendment if it affects the loan terms or any other financial considerations.

Overall, the addendum-amendment to purchase is a legal document used to modify or supplement the original purchase agreement. It is necessary to accurately reflect any changes or additions to the terms of the agreement and ensure that all parties involved are aware and in agreement with the modifications.

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