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This document serves as an addendum to the GCAAR Sales Contract pertaining to the sale of a newly constructed home. It outlines the amendments to the contract specific to the construction and sale process, including buyer acknowledgments, warranty information, deposit handling, construction timelines, and access to the property during construction.

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How to fill out new home addendum

01

Read through the new home addendum template thoroughly to understand its purpose.

02

Begin by filling out the buyer's information at the top of the form.

03

Enter the seller's information accurately.

04

Specify the property address for the new home.

05

List any contingencies or conditions that must be met for the purchase.

06

Include any relevant dates, such as deadlines for inspections or closing.

07

Review the financial terms, including purchase price, deposits, and any required financing.

08

Attach any additional documentation or disclosures as required.

09

Ensure both parties sign the form in designated areas.

10

Keep copies of the completed addendum for both buyer and seller.

Who needs new home addendum?

01

Buyers looking to purchase new homes.

02

Sellers of new homes who want to ensure clear terms of sale.

03

Real estate agents assisting either party in the transaction.

04

Lenders who may require documentation for financing approvals.

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What is new home addendum?

A new home addendum is a legal document that outlines additional terms and conditions related to the sale or construction of a new home, including warranties, specifications, and compliance with building codes.

Who is required to file new home addendum?

Typically, the builder or developer of the new home is required to file the new home addendum.

How to fill out new home addendum?

To fill out a new home addendum, one should provide information such as property details, buyer and seller information, any special provisions, and necessary signatures.

What is the purpose of new home addendum?

The purpose of the new home addendum is to ensure all parties are aware of additional details concerning the sale or construction of the home, thereby protecting the interests of buyers and sellers.

What information must be reported on new home addendum?

Information that must be reported includes the property address, buyer and seller names, terms of sale, warranties, and any special conditions agreed upon.

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