Contract of purchase and sale addendum - Selmak Realty 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the MLS number at the top of the form, followed by the date of completion.
  3. Fill in the property address and legal description accurately to ensure clarity regarding the transaction.
  4. Specify any other PID(s) if applicable, ensuring all relevant identifiers are included.
  5. In the section regarding deficiencies, indicate the total value for repairs and specify a completion date for these items.
  6. Complete the holdback terms by filling in how many days prior to completion that deficiencies must be resolved.
  7. Ensure all parties involved (buyers and sellers) sign and print their names where indicated, including witnesses as required.

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Parties Involved: Any party concerned in the original contract can draft an addendum. Legal Professionals: Lawyers or legal professionals may be engaged to ensure the language and structure of the addendum comply with legal standards.
Changing Closing Date: Amendments are useful for altering the agreed-upon closing date in real estate transactions. Addendum for Additional Items: When adding items like furniture or appliances to the property sale, an addendum can be used.
Sometimes real estate contracts need to be amended for unforseen reasons. A standard amendment to purchase and sale agreement might include information concerning changes or additions in price, date of delivery, inspection requirements, financing conditions, title policy provisions, etc.
Addendums can override parts of the original contract and expand on others. Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms.