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New Home Addendum For Use in Washington, DC & Montgomery County, Maryland (Required for Use with MAR and Regional Contracts) 6005 Durbin Road The Contract of Sale dated, Address Bethesda MD 20817

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How to fill out new home addendum

01

Start by obtaining the new home addendum document from the relevant authority or your real estate agent.

02

Read through the entire addendum carefully to understand its contents and requirements.

03

Begin filling out the addendum by entering your personal information, such as your name, address, and contact details.

04

Provide details about the new home, including its address, size, and any additional features or amenities.

05

If there are any changes or modifications to the original purchase agreement or previous addendum, clearly specify them in the appropriate sections.

06

Indicate any additional terms or conditions that you would like to include in the new home addendum.

07

If required, attach any supporting documents or disclosures as mentioned in the addendum.

08

Review the completed addendum thoroughly to ensure accuracy and completeness.

09

Sign and date the addendum, and have all other parties involved, such as the seller or the real estate agent, do the same.

10

Keep a copy of the filled-out addendum for your records and provide a copy to all relevant parties involved in the transaction.

Who needs new home addendum?

01

Anyone who is purchasing or selling a new home needs a new home addendum.

02

Real estate agents, sellers, and buyers can all be involved in needing a new home addendum.

03

It is a legal document that helps outline any changes, modifications, or additional terms specific to the purchase agreement for a new home.

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What is new home addendum?

The new home addendum is a legal document that outlines specific conditions and provisions related to the purchase of a new home, often including warranties, responsibilities of the builder, and specifications of the property.

Who is required to file new home addendum?

The new home addendum typically needs to be filed by builders or developers who are constructing new homes, or by real estate agents acting on behalf of buyers or sellers of new homes.

How to fill out new home addendum?

To fill out a new home addendum, parties involved should provide information about the property, such as its address, the names of buyers and sellers, specific terms of the purchase, and any agreed-upon conditions or warranties.

What is the purpose of new home addendum?

The purpose of the new home addendum is to clarify the terms of the purchase agreement for new constructions, ensuring that both parties understand their rights and responsibilities, and to safeguard buyer interests.

What information must be reported on new home addendum?

Information that must be reported includes property details (address, lot number), buyer and seller details, financing terms, warranties provided, construction timelines, and any contingencies agreed upon.

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