Send Contract Addendum via Fax fast and easy

Easy guide on how to Send Contract Addendum via Fax

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Quickly correct any mistakes well before proceeding along with your file export.
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How to Send Contract Addendum via Fax

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In this video tutorial, Sherry Roberts discusses how to handle an addendum to a real estate contract, particularly in situations requiring repairs such as replacing an electrical panel or addressing fascia board rot. Instead of asking the seller for repairs, which could complicate matters with receipts and repair quality, she recommends having the seller credit the buyer towards closing costs. For example, if the buyer's closing costs total $10,000, they would only need to bring $7,000 to the closing table, allowing them to retain more money. The tutorial then guides viewers through the process of adding an addendum to the contract by including necessary forms.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What should an addendum include?

An addendum is used to clarify and add things that were not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

Do addendums need to be signed?

Both parties must agree to, draw up, and sign an addendum for it to be legally recognized.

How do you present an addendum to a contract?

Name the parties to the contract. Indicate the addendums effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.

Can a seller add an addendum to a contract?

Anyone involved in the real estate transaction can add an addendum to the purchase agreement, including the seller, the buyer, or third-party professionals such as home inspectors or title companies.

How do you present an addendum?

Name the parties to the contract. Indicate the addendums effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.

How do I attach an addendum to a document?

If you already have the addendum saved, you can follow the same process. Open the document with the addendum and highlight and copy it. Click back to the Word document and scroll to the end. Place the cursor and press Ctrl- V to paste in the addendum.

What is an example of an addendum?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What should an addendum look like?

The addendum needs to look like the original contract so that it is clear the two documents are connected. Use the same typeface, margins and font size. Reference the date of the original contract. Title the document in a way that shows it is an addendum to the original contract.

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Send Contract Addendum via Fax