Can a price addendum be signed electronically?

Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA when intent, consent, attribution, and record retention are present; for consumer-facing files, follow electronic disclosure rules required by statute.

Is notarization required for a price addendum?

Typically no; a price addendum is a contract amendment and usually does not require notarization. Notarization is required for deeds in many jurisdictions. Verify state and lender requirements before omitting authentication.

What if the addendum lacks a signature?

An unsigned addendum may not be enforceable and could be treated as a proposal rather than an amendment. To avoid disputes, obtain signatures from all contracting parties and distribute executed copies to lender and escrow.

Do lenders need to be notified of price changes?

Yes. Price adjustments can affect loan-to-value, closing costs, and approval conditions. Notify the lender promptly; they may require a loan amendment or updated disclosures before closing.

How long should the executed addendum be retained?

Retain executed addenda for at least three years per IRS recordkeeping rules (IRC §6501(a)), and commonly seven years for real estate matters; consult state rules for extended retention periods.

Can a signed addendum be revoked or canceled?

Revocation requires either a mutual written agreement or compliance with any cancellation provisions in the original contract. Unilateral revocation may constitute a breach and expose the revoking party to damages or forfeiture of deposits.

Electronic Signature
Templates
Real estate
Real Estate Price Addendum

Real Estate Price Addendum

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

REAL ESTATE PRICE ADDENDUM

Parties and Property

This Price Addendum amends the Purchase Agreement dated (the "Agreement") between the parties identified below regarding the Property described herein.

Buyer Name Buyer Mailing Address Seller Name Seller Mailing Address

Property Identification

Property Address Parcel / APN Number Legal Description

Amendment to Purchase Price and Consideration

The parties agree to amend the Agreement as follows. The Original Purchase Price was $. The Purchase Price is hereby changed to $.

Earnest Money Currently Held Additional Earnest Money Required (if any)

If additional earnest money is required, it shall be deposited by in immediately available funds to the holder specified in the Agreement. Delivery instructions and acceptance are governed by the Agreement.

Closing Costs, Credits and Prorations

Seller Credit at Closing Buyer Credit at Closing Prorations and Special Instructions

Contingencies and Deadlines

The following contingency deadlines in the Agreement are amended as indicated below. If a field is left blank, the original Agreement deadline remains in effect.

Financing Contingency Deadline Inspection Contingency Deadline Other Contingency Terms

Closing and Possession

The parties agree that the Closing Date under the Agreement is amended to . Possession shall be delivered on , subject to the prorations and occupancy provisions of the Agreement.

Closing Location / Title Company

Additional Terms and Certifications

All other terms and conditions of the Agreement not modified by this Addendum remain in full force and effect. This Addendum and the Agreement constitute the entire agreement between the parties with respect to the matters set forth herein. This Addendum may be executed in counterparts and delivered by electronic or facsimile transmission, each of which shall be deemed an original instrument.

I acknowledge that I have authority to bind the party I represent and that this Addendum is a legally binding amendment to the Agreement upon execution by all parties. The parties further acknowledge that they have had the opportunity to consult legal counsel prior to execution.

All other terms of the Agreement remain unchanged

I/We confirm that all other terms of the Agreement remain unchanged except as set forth in this Addendum.

Additional Provisions or Special Conditions

Governing Law

This Addendum shall be governed by and construed in accordance with the laws of the state in which the Property is located without regard to conflict of law principles. Venue for any dispute arising under this Addendum shall be in the appropriate court located in the jurisdiction where the Property is situated.

Buyer Printed Name:

By (Signature):

Date:

Seller Printed Name:

By (Signature):

Date:

What the Real Estate Price Addendum Is and When It Applies

The Real Estate Price Addendum is a written amendment to a purchase or sale agreement that formally changes the contract price or related monetary terms. It identifies the original contract by date and parties, states the revised purchase price in numerals and words, and records any corresponding changes to deposits, credits, or concessions. When executed by all parties, the addendum becomes part of the binding agreement; it should include an effective date, clear references to affected paragraphs, and any lender or title conditions triggered by the price change.

Why a Clear Price Addendum Matters

A properly drafted Real Estate Price Addendum prevents misunderstandings, documents agreed changes for lenders and escrow, and reduces dispute risk while preserving the original contract except where modified.

Who Typically Prepares and Signs a Price Addendum

Buyers, sellers, brokers, and closing agents commonly prepare or receive a Real Estate Price Addendum when price-related changes occur.

Buyers and buyer agents: request price adjustments after inspections or appraisals and document agreed terms.
Sellers and listing brokers: accept or counterprice changes and confirm any concessions or escrow instructions.
Lenders, title, and escrow officers: review the addendum to confirm funding, payoff, and title conditions are met.

Share the executed addendum with the lender, title company, and escrow officer so funding, title, and closing processes reflect the amendment.

Key Elements to Include in a Professional Price Addendum

A professional Real Estate Price Addendum clearly states the revised price, references the original contract, and documents exactly how deposits and contingencies change to avoid later ambiguity.

Revised Price

State the new purchase price in both numerals and words, list any seller credits or prorations, and clarify whether adjustments are net or gross.

Reference Clause

Identify the original agreement by date and parties and cite the specific section or paragraph being amended to ensure the addendum attaches unambiguously.

Effective Date

Use MM/DD/YYYY format to indicate when the amendment becomes binding; this date governs contingency periods, funding deadlines, and statute of limitations timing.

Deposit Changes

Itemize any change in earnest money or additional deposits, state payment deadlines, receiving escrow agent, and consequences for failing to fund the amended amount.

Contingency Impact

Describe how inspection, appraisal, or financing contingencies are affected, including modified deadlines, waiver options, or renegotiation rights tied to the new price.

Signatures

Provide signature and printed-name lines for all parties, include dates, and add notarization or witness blocks where state law or lender conditions require authentication.

Essential Data Fields at a Glance

Document Title: Real Estate Price Addendum document

Contract Date: Original agreement date MM/DD/YYYY

Revised Amount: New purchase price in numbers and words

Parties: Buyer and seller full legal names

Escrow Agent: Name and contact of escrow holder

Signatures: All parties sign and date

Step-by-Step: Completing a Real Estate Price Addendum

Follow these sequential steps to correctly complete, sign, and distribute a Real Estate Price Addendum to avoid closing delays or lender issues.

01

Prepare Draft: Reference the original contract and insert revised figures
02

Review Terms: Confirm effects on contingencies, escrow, and lender requirements
03

Obtain Signatures: All parties sign and date the amendment
04

Distribute Copies: Send executed copies to lender, title, and escrow

Setting Up an Online Signature Workflow for an Addendum

Configure an online workflow to place fields, authenticate signers, and route the executed Real Estate Price Addendum to escrow and lender stakeholders.

Field	Configuration
Signature Field	Require signature and date
Initials Field	Add initials at the price change line
Conditional Field	Show deposit field if deposit amount changed
Routing	Auto-send executed copy to lender and title

Platform Capabilities to Support a Price Addendum

Ensure the eSignature platform supports secure signing, a detailed audit trail, and saves editable PDF or DOCX formats for title and lender review.

File Formats: PDF and DOCX supported
Authentication: Email, SMS, or multi-factor
Integrations: Works with title and escrow systems

Key Dates to Set When Changing the Contract Price

Key dates and filing deadlines matter when a Real Estate Price Addendum alters financing, appraisal, or contingency timelines for closing.

Effective Date:

Specify MM/DD/YYYY; governs when amendment becomes binding

Deposit Funding Deadline:

Deadline for increased deposit; failure may breach the contract

Appraisal Reconsideration Period:

Timeframe to dispute or renegotiate following a low appraisal

Financing Contingency Deadline:

Date lender must approve financing under the new price

Closing Date Impact:

If price alters funds, update closing date or funding terms

Common Pitfalls to Avoid When Drafting an Addendum

Failing to reference the original contract precisely, which can create ambiguity about which terms are amended and lead to disputes.
Stating the revised price only in numerals or only in words, increasing the risk of interpretation errors or typographical disputes.
Neglecting to notify the lender or escrow agent promptly, which may delay loan approval or closing and disrupt funding timelines.
Omitting required signatures, initials, or notarization when state law or lender conditions mandate authentication, potentially invalidating the amendment.

Legal and Practical Risks of an Incorrect Addendum

Contract Breach: May expose parties to damages

Financing Delay: Lender denial or funding hold

Title Issues: Escrow or title exceptions arise

Deposit Loss: Risk of forfeiture per agreement

Dispute Costs: Litigation or mediation expenses

Record Inaccuracy: Incorrect public or escrow records

Comparison: eSignature Pricing and Features Relevant to Addenda

Pricing and feature availability vary; signNow appears first and is followed by common competitor plans for feature-level comparison across eSignature vendors.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial, no card	Varies	Varies	Varies	Varies
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Real-world Examples of Price Addenda in Use

Case examples show how digital addenda help resolve appraisal shortfalls and inspection-driven price changes while preserving audit trails.

Martin Properties

Tim Martin, founder of Martin Properties, uses online addenda to handle price changes after inspections and appraisals.

It streamlined closings and reduced delays.
He can process and execute price adjustments online with compliance and security, cutting in-person steps and accelerating escrow reconciliation while preserving evidentiary audit trails.

Optica Ventures

Brian Fitzgibbons at Optica Ventures adopted digital addenda to reduce turnaround on negotiated price changes and maintain audit trails.

Adoption cut turnaround time in half.
The interface made it easier for staff and clients to review changes, and the digital record simplified title and lender reviews while retaining a clear event log for disputes.

Common Questions and Practical Answers About Price Addenda

Answers to frequently asked questions address enforceability, notarization, lender notification, retention, and revocation of a Real Estate Price Addendum.

Need help? Contact support

Can a price addendum be signed electronically?
Yes. Electronic signatures are generally valid under the ESIGN Act (15 U.S.C. ch. 96) and UETA when intent, consent, attribution, and record retention are present; for consumer-facing files, follow electronic disclosure rules required by statute.
Is notarization required for a price addendum?
Typically no; a price addendum is a contract amendment and usually does not require notarization. Notarization is required for deeds in many jurisdictions. Verify state and lender requirements before omitting authentication.
What if the addendum lacks a signature?
An unsigned addendum may not be enforceable and could be treated as a proposal rather than an amendment. To avoid disputes, obtain signatures from all contracting parties and distribute executed copies to lender and escrow.
Do lenders need to be notified of price changes?
Yes. Price adjustments can affect loan-to-value, closing costs, and approval conditions. Notify the lender promptly; they may require a loan amendment or updated disclosures before closing.
How long should the executed addendum be retained?
Retain executed addenda for at least three years per IRS recordkeeping rules (IRC §6501(a)), and commonly seven years for real estate matters; consult state rules for extended retention periods.
Can a signed addendum be revoked or canceled?
Revocation requires either a mutual written agreement or compliance with any cancellation provisions in the original contract. Unilateral revocation may constitute a breach and expose the revoking party to damages or forfeiture of deposits.

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