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This document serves as an addendum to the Real Estate Purchase Contract, outlining the conditions and agreements regarding the property being sold \'as is,\' acknowledging potential defects or environmental conditions, and defining the responsibilities of both the purchaser and seller.
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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
Review the existing purchase agreement for context.
02
Identify the specific changes or additions that need to be made.
03
Use clear and concise language to state the modifications in the addendum.
04
Number each point for clarity and reference.
05
Ensure all parties involved understand and agree to the changes.
06
Sign and date the addendum by all parties to make it legally binding.
07
Attach the signed addendum to the original purchase agreement for record-keeping.

Who needs real estate purchase addendum?

01
Buyers who want to modify the terms of their purchase agreement.
02
Sellers needing to clarify conditions or requirements after the initial sale agreement.
03
Real estate agents facilitating changes between buyers and sellers.
04
Legal representatives ensuring all changes are documented properly.
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A real estate purchase addendum is a document that modifies or adds additional terms to an existing purchase agreement in a real estate transaction.
Typically, the buyer or their representative is required to file the real estate purchase addendum, especially if there are changes to the original agreement.
To fill out a real estate purchase addendum, include details such as the property address, the specific changes or additional terms being added, and both parties' signatures to confirm agreement.
The purpose of a real estate purchase addendum is to clarify terms, add contingencies, or resolve issues that arise while the property sale is in progress.
Information such as the property details, the changes being made, effective dates, and any relevant contingencies must be reported on the real estate purchase addendum.
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