Get the free CONTRACT FOR SALE ADDENDUM - TulsaRealtorscom

For use with contract forms approved by the Greater Tulsa Association of REALTORS7 CONTRACT FOR SALE ADDENDUM Upon approval of this addendum evidenced by the signatures of the parties below, the Contract

How to fill out contract for sale addendum

How to fill out a contract for sale addendum:

1. Start by reviewing the original contract: Before filling out the addendum, carefully review the original contract to understand the terms and conditions that are already established.
2. Identify the necessary changes: Determine the specific changes or additions that need to be made to the original contract. This could include adjusting the purchase price, adding contingencies, or modifying the closing date, among other things.
3. Include clear and detailed language: When filling out the addendum, make sure to use clear and specific language to avoid any confusion or misunderstandings. Clearly state the changes being made and provide all the necessary details, such as dates, amounts, and any additional provisions.
4. Consult with legal professionals if needed: If you are uncertain about the language or the legal implications of the changes you are making, it is advisable to consult with an attorney or a real estate professional to ensure the addendum is filled out correctly and in compliance with applicable laws.

Who needs a contract for sale addendum?

1. Buyers and sellers: Both parties involved in a real estate transaction can benefit from a contract for sale addendum. It allows the parties to make modifications to the original contract to accommodate changes in circumstances or negotiate specific terms that were not initially covered.
2. Real estate agents and brokers: Agents and brokers may also use contract for sale addendums to document any changes or negotiations that occur during the course of a real estate transaction. This helps ensure that all parties are on the same page and that any modifications are properly documented.
3. Lenders and financial institutions: In some cases, lenders or financial institutions may require a contract for sale addendum to validate specific loan conditions or additional provisions for the financing of the property.

In summary, anyone involved in a real estate transaction who needs to make changes or additions to an existing contract would benefit from using a contract for sale addendum. It provides a clear and legally binding way to document modifications and ensures that all parties are fully informed and in agreement with the changes being made.

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