Real Estate Colors Template

REAL ESTATE COLORS TEMPLATE

Parties and Purchase Reference

This Color Selection Addendum is made a part of the Purchase Agreement executed for the property identified below. Client Name:

Property Identification

Color and Finish Selections

Selections below identify the agreed colors, manufacturers, product codes, and allowance amounts. Selections are subject to availability and reasonable manufacturer tolerances. Buyer represents that buyer has reviewed color samples or swatches where applicable.

Color/Name: Manufacturer: Color Code: Allowance:

Color/Name: Manufacturer: Color Code: Allowance:

Color/Finish: Allowance: Upgrade Requested: Yes No

Type: Color/Name: Allowance:

Cabinets Color/Style: Countertop Material: Allowance:

Tile Type/Name: Grout/Trim: Allowance:

Lighting Fixture Style: Faucet/Hardware Finish: Allowance:

Allowances, Change Orders, and Timing

Total Allowances:

Selection Deadline (final selections must be delivered by MM/DD/YYYY):

Where buyer elects upgrades in excess of allowances, buyer will execute a written change order and pay the amount specified therein. Seller is not required to order long-lead items until any deposit required by a change order is received.

Disclosures

Lead-Based Paint Present? Yes No

Property Located in Known Flood Zone? Yes No

Known Mold or Prior Water Damage? Yes No

Known Structural or Material Repairs Prior to Closing? Yes No

Warranties, Responsibility, and Acceptance

Seller warrants that materials and workmanship installed pursuant to selections will conform to the manufacturer's warranties in effect at time of installation. Except for such warranties, seller disclaims all other express warranties. Buyer acknowledges that color and texture variations are inherent in finishing materials and that photographic representations and samples may not precisely match installed materials.

Buyer accepts responsibility for verification of color matches and selections prior to installation. Buyer further acknowledges that changes after ordering may incur additional costs, delays, and may be irreversible for custom or special-order items.

Default, Remedies, and Miscellaneous

Failure by buyer to timely make selections shall entitle seller to select standard finishes at seller's discretion. Any failure to timely pay amounts due under a change order shall be a default under this Addendum and the Purchase Agreement. Remedies are cumulative and include specific performance, damages, and recovery of costs and reasonable attorneys' fees.

This Addendum constitutes the entire agreement between the parties with respect to color and finish selections and supersedes prior oral or written statements regarding the same. Any amendment must be in writing and signed by both parties. This Addendum is governed by the laws of the state in which the Property is located.

Acknowledgment and Certification

Buyer and Seller certify that they have read and understand this Color Selection Addendum and that their signatures below bind them to its terms. If attached to a Purchase Agreement, the terms contained herein are incorporated into and control the Purchase Agreement to the extent of any conflict.

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