Get the free Sellers Addendum To Purchase Agreement July 2009

SELLER IS ADDENDUM TO PURCHASE AGREEMENT A Zions First National Bank (“ZIONS “) hereby submits this Addendum to that Real Estate Purchase Contract dated the day of, between as buyer(s) (Purchaser)

How to fill out sellers addendum to purchase

Point by point instructions on how to fill out a sellers addendum to purchase:

1. Begin by carefully reviewing the existing purchase agreement. Make sure you understand all terms and conditions mentioned in the agreement.
2. Identify the specific areas or clauses that need to be amended, added, or modified. This could include changes to the purchase price, closing date, contingencies, or any other relevant terms.
3. Clearly state the purpose of the addendum at the beginning. For example, if it is to modify the closing date, include a concise statement such as "The purpose of this addendum is to amend the closing date mentioned in the original purchase agreement."
4. Add the exact changes or amendments you want to make. This can be done by inserting new text or crossing out existing text in the original purchase agreement. Clearly mark each change and make sure it is easily understandable by all parties involved.
5. Provide a detailed explanation for each amendment or modification made. This can help in avoiding any confusion or misunderstanding in the future. Use clear and concise language to clearly state the intent of each change.
6. Include all relevant parties' information such as names, addresses, and contact details. This ensures that the addendum is properly attributed to the correct parties involved in the transaction.
7. Include a signature section at the end of the addendum. Ensure that all parties required to sign the original purchase agreement also sign the addendum. This validates the changes made and makes it legally binding.

Who needs a sellers addendum to purchase?

A sellers addendum to purchase may be needed in various situations, including:

1. When there are changes to the purchase price: If the buyer and seller agree to modify the purchase price mentioned in the original purchase agreement, a sellers addendum may be needed to document this change.
2. When there are changes to the closing date: If the agreed-upon closing date needs to be amended or extended, a sellers addendum can be used to officially make this change.
3. When there are additional terms or contingencies: If new terms or contingencies, such as repairs, inspections, or financing conditions, need to be added to the original agreement, a sellers addendum can be used to include these new terms.

Overall, anyone involved in a real estate transaction who wishes to modify or clarify certain terms of the original purchase agreement may need to utilize a sellers addendum to purchase. However, it is always recommended to consult with legal professionals or real estate agents to ensure compliance with local laws and regulations.

For pdfFiller’s FAQs

What is sellers addendum to purchase?

The sellers addendum to purchase is a supplemental document that outlines additional terms and conditions agreed upon by the seller and buyer during the real estate transaction.

Who is required to file sellers addendum to purchase?

Both the seller and buyer are required to review and sign the sellers addendum to purchase as part of the real estate transaction.

How to fill out sellers addendum to purchase?

The sellers addendum to purchase can be filled out by completing all required fields with accurate information agreed upon by both parties. It is recommended to seek assistance from a real estate agent or attorney if needed.

What is the purpose of sellers addendum to purchase?

The purpose of the sellers addendum to purchase is to document any additional agreements or modifications to the original purchase contract, providing clarity and protection for both the seller and buyer.

What information must be reported on sellers addendum to purchase?

The sellers addendum to purchase must include detailed information on any additional terms, conditions, or amendments to the original purchase agreement that have been agreed upon by both parties.

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