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C140R31 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 Contract “), between
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How to fill out real estate purchase addendum

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How to Fill Out Real Estate Purchase Addendum?

01
Make sure you have a copy of the original purchase agreement: Before filling out the addendum, ensure that you have a copy of the original purchase agreement handy. This will help you reference any terms or conditions that need to be addressed or modified.
02
Review the purpose of the addendum: Determine the specific reason for adding an addendum to the purchase agreement. It could be to amend certain terms, add additional contingencies, or clarify any ambiguities in the original agreement.
03
Clearly state the purpose of the addendum: Begin by clearly stating the purpose of the addendum in a concise and descriptive manner. This will ensure that all parties involved are aware of the intended changes or modifications.
04
Provide a detailed description of the modifications: Clearly outline the changes or modifications being made to the original agreement. Be specific and provide as much detail as possible to avoid any misunderstandings or confusion.
05
Include any necessary attachments or exhibits: If there are any additional documents, attachments, or exhibits that need to be included with the addendum, make sure to attach them or reference them directly within the addendum.
06
Include signatures and date: Once the addendum is complete, make sure that all parties involved in the transaction sign and date the document. This signifies their agreement and consent to the modifications outlined in the addendum.

Who Needs a Real Estate Purchase Addendum?

01
Buyers and sellers negotiating changes in the original agreement: A real estate purchase addendum is commonly used when buyers and sellers negotiate changes to the terms and conditions of the original purchase agreement. It allows both parties to make modifications without having to create an entirely new agreement.
02
Parties seeking to clarify or add contingencies: If there is a need to clarify certain provisions or add additional contingencies to the original agreement, a real estate purchase addendum becomes crucial. This ensures that all parties are on the same page and have a clear understanding of their obligations and rights.
03
Those wanting to amend terms after inspections or appraisals: Inspections or appraisals may reveal issues or discrepancies that require changes to the original agreement. In such cases, a real estate purchase addendum is used to modify or amend the terms accordingly, protecting both the buyer and the seller.
In conclusion, when filling out a real estate purchase addendum, it is important to carefully review the original agreement, clearly state the purpose of the addendum, provide a detailed description of the modifications, attach any necessary documents, obtain signatures and dates, and ensure that all parties involved are aware of the intended changes. Real estate purchase addendums are useful for buyers and sellers who need to negotiate changes, clarify provisions, add contingencies, or amend terms after inspections or appraisals.
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Real estate purchase addendum is a document that is added to a real estate contract to modify or add additional terms and conditions.
The parties involved in a real estate transaction, such as the buyer, seller, and real estate agents, may be required to file a real estate purchase addendum.
To fill out a real estate purchase addendum, you must carefully read the existing contract, identify the changes or additions that need to be made, and clearly document them in the addendum.
The purpose of a real estate purchase addendum is to make changes or additions to a real estate contract without having to create an entirely new contract.
The real estate purchase addendum must report the specific changes or additions being made to the original contract, as well as the signatures of all parties involved.
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