Is an electronic addendum legally binding?

Yes, electronic signatures are generally enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and state UETA statutes when intent, consent, attribution, and record retention are met.

Do I need a notary to change the price?

Most price-change addenda do not require notarization, but requirements vary by state and transaction type; real property deed changes or recording may trigger notary or witness requirements.

Can I use remote online notarization?

Remote online notarization (RON) is permitted in many states but not uniformly; confirm state notary rules and identity-proofing requirements before relying on RON for execution.

How soon should the MLS be updated?

Update the MLS promptly—most services expect changes within 24–72 hours of execution; delayed posting can violate MLS rules and expose the listing broker to fines.

Who must sign the addendum?

All parties with amendment authority under the original contract must sign. If broker authorization or seller consent is required, include their signatures and titles as specified.

How can I revoke or cancel a price change?

Revoke only by a new written amendment signed by authorized parties or by mutual rescission. Verbal revocation has no effect on recorded or executed written documents.

Electronic Signature
Templates
Real estate
Real Estate Price Change Addendum

Real Estate Price Change 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 CHANGE ADDENDUM

This Price Change Addendum ("Addendum") amends the Purchase Agreement dated between Buyer: and Seller: concerning the Property described below.

Property Identification

Property Address Parcel / APN Number Legal Description

Price Adjustment

The Purchase Price set forth in the Purchase Agreement is modified as follows:

Original Purchase Price New Purchase Price

This change is effective as of unless otherwise agreed in writing.

Earnest Money and Payment Terms

Original Earnest Money Amount Revised Earnest Money Amount Deposit Handling / Additional Instructions

Financing and Contingencies

Financing terms and contingencies in the Purchase Agreement: Remain unchanged Are modified as described below

If modified, describe financing modifications

Closing, Possession, and Costs

Closing Date: Possession Date:

Allocation of closing costs: Remain as stated in the Agreement Are modified as described below

If modified, describe closing cost adjustments

Effect on Agreement and Other Terms

Except as expressly modified by this Addendum, all other terms, covenants, representations and conditions of the Purchase Agreement remain in full force and effect. This Addendum shall be incorporated into and form part of the Purchase Agreement. In the event of any conflict between this Addendum and the Purchase Agreement, the terms of this Addendum shall control.

This Addendum constitutes the entire agreement between the parties with respect to the subject matter hereof and may be modified only by a writing signed by all parties.

Acceptance and Deadline

This Addendum must be signed by all parties and returned to the other party on or before to be binding. If not signed and delivered by the deadline, this Addendum shall be null and void and the Purchase Agreement shall remain unchanged.

Notices and Contact Information

Buyer Contact Name Buyer Mailing Address Buyer Phone / Email

Seller Contact Name Seller Mailing Address Seller Phone / Email

Additional Terms

Governing Law: This Addendum shall be governed by and construed in accordance with the laws of the state in which the Property is located. Remedies for breach shall be as provided in the Purchase Agreement unless otherwise set forth herein.

Counterparts; Electronic Signatures: This Addendum may be executed in counterparts and delivered by electronic transmission. Each counterpart shall be an original, and taken together shall constitute one instrument.

Buyer:

By:

Date:

Seller:

By:

Date:

What the Real Estate Price Change Addendum Is

A Real Estate Price Change Addendum is a written amendment to an existing purchase, listing, or brokerage agreement that updates the contract price or listing price for a specific property. It identifies the original contract, the parties, the property, and the precise price change being made, and it records the effective date when the new price takes effect. The addendum is signed by the parties who have authority under the original agreement and is attached to the original contract as an enforceable amendment. It preserves a clear paper or electronic trail of consent and prevents disputes about the agreed price.

Why a Clear Price-Change Addendum Matters

Using a dedicated addendum creates a clear, dated amendment to the original contract so all parties and third parties (brokers, escrow, MLS) see the agreed change. It reduces ambiguity, documents consent to a new price, and helps enforce brokerage commission and escrow instructions.

Who Typically Prepares and Signs This Addendum

The addendum is commonly used by listing brokers, sellers, buyer representatives, and title or escrow officers when a negotiated price or list price is changed after the original agreement.

Listing Brokers — Prepare and present the addendum to sellers and update MLS or broker management systems promptly.
Sellers — Sign to confirm acceptance of the revised listing or sale price and any related changes to commission or closing terms.
Escrow/Title Officers — Use the addendum to update escrow instructions and recording/payment calculations.

Each signer should confirm they have authority under the original contract and retain a dated copy for their records.

Key Components Every Professional Addendum Should Include

A well-drafted addendum is concise, references the original agreement, and clearly states the new price, effective date, and required signatures.

Contract Reference

Cite the original contract by date and parties so the amendment unambiguously attaches to the correct agreement and avoids conflicting interpretations.

Property ID

Provide the full property address and legal description or parcel number to ensure the price change cannot be misapplied to another property.

New Price

State the updated list or sale price in numerals and words to prevent transcription errors and ensure clarity in financial calculations.

Effective Date

Specify the exact MM/DD/YYYY date when the new price takes effect to align MLS, escrow, and marketing timelines.

Authority

Include a short clause confirming the signer has authority to amend the contract and whether broker commission or contingencies change.

Signatures

Provide signature blocks for all required parties with printed names, titles, dates, and any witness or notary lines if state rules require them.

Step-by-Step: Completing a Price Change Addendum

Follow a simple sequence to prepare, confirm, sign, and distribute the addendum so the price change is enforceable and communicated correctly.

01

Prepare Document: Reference original contract and fill required fields accurately.
02

Obtain Consent: Present the addendum to all required parties for review and agreement.
03

Execute Signatures: Collect dated signatures from authorized parties or use a compliant e-signature method.
04

Distribute Copies: Send signed copies to broker, escrow/title, buyer's agent, and update MLS as required.

Where to Send the Signed Addendum and Who Should Get Copies

Routing the executed addendum promptly ensures escrow, accounting, and listing services reflect the new price and prevents conflicting instructions.

Listing Broker: Retain an executed copy and update the broker's internal file for commission calculations.
Buyer's Agent: Provide a copy so buyer counsel and agents can confirm acceptance and update offer terms.
Escrow/Title: Deliver to escrow or title to update closing instructions and escrow disbursement figures.
MLS / Listing Service: Submit the revised price to the MLS per local rules and file the executed addendum where required.

How to Set Up the Addendum Workflow for Digital Completion

Configure signer roles, authentication, notifications, and final storage settings before sending to ensure a compliant electronic execution.

Field	Configuration
Signer Order	Set broker or seller first, then buyer or buyer's agent as needed
Authentication	Choose email link or SMS code; use stronger methods for high-risk transactions
Notifications	Enable reminders at 24- and 72-hour intervals for unsigned parties
Storage Format	Save final copy as PDF/A with attached audit trail

Digital Distribution and eSigning: Platform Essentials

Use an eSignature platform that provides an audit trail, secure storage, and accepted authentication methods for real estate transactions.

Audit Trail: Timestamp, IP, and action log
File Types: PDF and DOCX supported
Integrations: Works with MLS or escrow systems

Typical Timelines and Deadlines to Watch

Timing requirements vary by brokerage, MLS, and escrow instructions; confirm required update windows and acceptance periods before changing the price.

Effective Date Entry:

Specify MM/DD/YYYY; this date governs when MLS and escrow updates should take effect.

MLS Update Window:

Most MLS rules expect price changes posted within 24–72 hours of execution.

Escrow Instruction Update:

Deliver the executed addendum to escrow immediately to update closing figures.

Acceptance Period:

If buyer acceptance is required, set a clear response deadline in the addendum.

Record Retention:

Keep executed copies per retention policy and regulatory requirements.

Common Preparation Mistakes to Avoid

Failing to reference the original contract or using an incorrect contract date, which can create ambiguity about which terms are amended and lead to enforceability disputes.
Entering inconsistent price amounts (numeric vs written words) or leaving out cents/commas, increasing the risk of transcription errors and closing delays.
Not obtaining signatures from all required parties or relying on initials where signed execution is required, which can force re-signing or invalidate the amendment.
Delaying MLS or escrow updates after execution, which can cause mismatched disclosures, commission disputes, or alleged misrepresentations.

Potential Consequences of an Incorrect or Missing Addendum

Contract Dispute: Amendment ambiguity can make the change unenforceable

MLS Penalties: Failure to update may incur fines from the listing service

Escrow Errors: Incorrect price causes settlement statement mismatches

Commission Disputes: Unclear authority may trigger broker compensation claims

Tax Reporting: Price changes affect reporting and tax calculations

Legal Costs: Resolving disputes may require counsel and litigation

Frequently Asked Questions About Price Change Addenda

Answers to common execution, eSignature, notarization, MLS, and revocation questions to help avoid procedural errors when changing a contract price.

Need help? Contact support

Is an electronic addendum legally binding?
Yes, electronic signatures are generally enforceable under the federal ESIGN Act (15 U.S.C. ch. 96) and state UETA statutes when intent, consent, attribution, and record retention are met.
Do I need a notary to change the price?
Most price-change addenda do not require notarization, but requirements vary by state and transaction type; real property deed changes or recording may trigger notary or witness requirements.
Can I use remote online notarization?
Remote online notarization (RON) is permitted in many states but not uniformly; confirm state notary rules and identity-proofing requirements before relying on RON for execution.
How soon should the MLS be updated?
Update the MLS promptly—most services expect changes within 24–72 hours of execution; delayed posting can violate MLS rules and expose the listing broker to fines.
Who must sign the addendum?
All parties with amendment authority under the original contract must sign. If broker authorization or seller consent is required, include their signatures and titles as specified.
How can I revoke or cancel a price change?
Revoke only by a new written amendment signed by authorized parties or by mutual rescission. Verbal revocation has no effect on recorded or executed written documents.

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