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Real Estate P&S Addendum

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REAL ESTATE PURCHASE AND SALE ADDENDUM

PARTIES AND AGREEMENT

This Addendum is made as of and supplements the Purchase and Sale Agreement dated between Seller and Buyer identified below (the "Agreement"). All capitalized terms used and not otherwise defined in this Addendum shall have the meanings given in the Agreement.

PROPERTY IDENTIFICATION

Parcel / APN:    Legal description (if different from Agreement):

PARTY CONTACT INFORMATION

Buyer - Phone:

Buyer - Email:

Seller - Phone:

Seller - Email:

AMENDMENTS TO AGREEMENT TERMS

1. Purchase Price. The Purchase Price set forth in the Agreement is hereby modified to: (U.S. dollars). All references to Purchase Price in the Agreement shall mean the adjusted amount if this box is checked.

2. Earnest Money. Buyer shall deposit earnest money in the amount of by to the escrow holder identified in the Agreement. Failure to timely deposit earnest money constitutes a default by Buyer.

3. Financing Contingency. The financing contingency is extended removed . If extended, Buyer shall have until to satisfy the financing condition. Buyer must deliver written notice to Seller of loan approval or denial in accordance with the Agreement.

4. Inspection Period. The inspection contingency period shall be days from the Effective Date, expiring on . Seller shall permit reasonable access for inspections. Buyer shall deliver any request for repairs in writing by the inspection period deadline.

5. Closing and Possession. Closing shall occur on or before unless mutually agreed otherwise in writing. Possession shall be delivered to and shall be subject to any occupants and terms set forth in the Agreement.

6. Personal Property. The following personal property items are included in the sale:

7. Repairs and Credits. Seller shall complete the following repairs prior to closing or provide the following credit to Buyer at closing:

DISCLOSURES

Lead-Based Paint (if property built before 1978): Yes No

Known Mold or Environmental Hazards: Yes No

Prior Structural Damage or Material Repairs (including water, fire, or pest): Yes No

DEFAULT, REMEDIES AND MISCELLANEOUS

8. Default and Remedies. Except as expressly modified herein, the default and remedy provisions of the Agreement remain in full force. In the event of default by Buyer, Seller may retain earnest money as liquidated damages or pursue specific performance or other remedies available at law or equity. In the event of default by Seller, Buyer may elect specific performance, termination with return of earnest money, or monetary damages as permitted by the Agreement.

9. Prorations and Closing Costs. All taxes, assessments, rents, utilities and other prorations shall be handled as provided in the Agreement, except as modified below:

10. Title and Closing. Seller shall convey marketable title by general warranty deed (or other deed as agreed in the Agreement). Buyer and Seller shall cooperate with escrow/closing agents and execute reasonably necessary documents to effectuate closing.

11. Governing Law. This Addendum shall be governed by and construed in accordance with the laws of the jurisdiction specified in the Agreement.

12. Entire Agreement. This Addendum, together with the Agreement, contains the entire agreement between Buyer and Seller with respect to the subject matter hereof. Except as modified herein, all terms and conditions of the Agreement remain unchanged and in full force and effect.

13. Counterparts and Electronic Signatures. This Addendum may be executed in counterparts and by electronic signature, each of which when delivered shall be deemed an original, and all of which together shall constitute one agreement.

ADDITIONAL TERMS

Seller Printed Name:

By:

Date:

Buyer Printed Name:

By:

Date:

Enter text✕

What the Real Estate P&S Addendum Is

A Real Estate Purchase and Sale (P&S) Addendum is a written attachment to a primary purchase and sale agreement that modifies, clarifies, or adds terms specific to the transaction. Common addenda address inspection contingencies, financing conditions, closing date adjustments, title requirements, prorations, and seller or buyer disclosures. An addendum becomes part of the contract when signed by the parties and controls to the extent it conflicts with the original agreement. Parties use addenda to record negotiated changes without redrafting the entire P&S and to document time-sensitive conditions that affect closing obligations.

Why a Clear P&S Addendum Matters

A precise addendum reduces ambiguity at closing, sets enforceable expectations, and documents contingencies that protect buyer and seller rights. Proper drafting limits dispute risk and supports title clearance, lender acceptance, and timely funding.

Why a Clear P&S Addendum Matters

Who Typically Prepares and Signs an Addendum

Real estate brokers, attorneys, lenders, buyers, and sellers commonly prepare or review P&S addenda before execution.

  • Listing and buyer agents coordinate language and disclosures and ensure addenda match negotiated terms and financing contingencies.
  • Buyers review inspection and financing contingencies with counsel or lender to confirm obligations and timelines.
  • Sellers and title officers confirm deed, liens, and prorations to ensure the addendum does not conflict with required closing conditions.

Final signatures should be executed by authorized parties and retained with the main contract for recording, title, and compliance purposes.

Step-by-Step: Completing a P&S Addendum

Follow this sequence to prepare, review, and finalize an addendum safely and efficiently.

  • 01
    Draft Terms: Insert specific changes, dates, and amounts in clear language.
  • 02
    Review Parties: Verify legal names and signatory authority before circulation.
  • 03
    Confirm Attachments: Attach exhibits, disclosures, and inspection reports referenced in the addendum.
  • 04
    Execute and Distribute: Obtain signatures and circulate fully executed copies to all stakeholders.

Typical Workflow for a P&S Addendum

This sequence shows how the addendum moves from draft to closing, and who typically performs each step.

  • Drafting: Agent or attorney prepares text and attachments.
  • Internal Review: Buyer, seller, lender, and counsel confirm terms.
  • Execution: Parties sign; notarization as required.
  • Distribution: Provide copies to title company and lender.

Core Elements of an Effective P&S Addendum

Include these elements to ensure the addendum is actionable, clear, and compatible with title and lender requirements.

Scope of Change

Clearly identify which sections of the original P&S the addendum modifies and state that the remainder of the agreement remains unchanged.

Dates and Deadlines

List all new effective dates, contingency deadlines, and closing dates using explicit date formats to avoid interpretation issues.

Financial Terms

Specify new purchase price, earnest money adjustments, prorations, credits, and any escrow instructions with exact amounts.

Contingencies

Describe inspection, financing, appraisal, and title contingencies, including remedial rights and cure windows.

Title & Recording

Address who will clear title exceptions, pay recording fees, and deliver marketable title at closing.

Signature Authorization

State who may sign on behalf of parties and whether electronic signatures or notarization are required.

Required Data Fields at a Glance

Buyer Name: Full legal name
Seller Name: Full legal name
Property ID: Legal description
Amount: Exact dollar value
Deadlines: MM/DD/YYYY format
Signatures: Signer and date

Consequences of Errors or Missing Items

Missed Deadline: May forfeit contingencies
Incorrect Names: Can block recording
Unclear Dates: Creates enforceability disputes
Missing Attachments: May void referenced provisions
Unauthorized Signer: Risk of contract challenge
Title Conflicts: Can delay or cancel closing

Digital Signing and File Format Considerations

Choose a signing platform that supports PDF and DOCX, preserves audit trails, and offers required signer authentication.

  • File Formats: PDF and DOCX supported
  • Authentication: Email, SMS, or advanced methods
  • Integrations: Works with MLS, title, CRM

Ensure the vendor meets jurisdictional rules for notarization or remote signing and produces a tamper-evident final document with an audit record.

eSignature Vendor Pricing and Feature Snapshot

Comparison of common feature criteria across solutions. signNow is listed first; verify vendor terms and plan details before selecting a provider.

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 Varies by plan Varies by plan Varies by plan Varies by plan
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies by plan Varies by plan Varies by plan

Frequently Asked Questions

Answers to common legal and practical questions about using a P&S Addendum and executing it electronically or in person.


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