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Rebecca Van Buren, a real estate agent in Granbury, Texas, discusses the use of addendums and amendments in contracts. An addendum is an addition to the contract, while an amendment is a change. She focuses on temporary lease backs for buyers and sellers, explaining that buyers can take possession of the property before closing if agreed upon in the addendum. For example, a buyer may close on July 30th but want possession on July 15th. This addendum allows for flexibility in the buying process.
