Can an amendment be signed electronically?

Yes. Electronic signatures are generally enforceable under the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure the signer demonstrates intent, consents to electronic records, attribution is clear, and the record can be retained and reproduced.

Do lenders have to accept an amended price?

Not automatically. Lenders may require re-underwriting or a new appraisal for a changed purchase price; obtain written lender approval or conditions before finalizing the amendment.

Is notarization required for the amendment?

Typically not required for a purchase price amendment itself, but state or recording offices may require notarization for related deed or affidavit changes—verify with title and the county recorder.

What if party names differ from the original contract?

Mismatched names can invalidate acceptance; use the exact legal names from the original contract or attach a corrective addendum and get counsel involved if necessary.

How should escrow be notified?

Deliver a fully executed signed copy and any lender approvals to escrow by email and platform link; confirm escrow updates the settlement statement to reflect changes.

Can the amendment change other contract terms?

Yes, but keep changes limited and explicit. If the amendment affects contingencies, closing date, or financing, document those changes clearly and secure all required consents.

Electronic Signature
Templates
Real estate
Real Estate Purchase Price Amendment

Real Estate Purchase Price Amendment

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

REAL ESTATE PURCHASE PRICE AMENDMENT

This Purchase Price Amendment (the "Amendment") is made effective as of by and between Buyer Name: and Seller Name: .

Property Identification

Property Address Parcel / APN Number Legal Description

Background / Recitals

Reference is made to that certain Purchase Agreement dated (the "Agreement"), by and between Buyer Name: and Seller Name: , for the Property identified above. The parties now desire to amend the Agreement as set forth below.

Amendment to Purchase Price and Consideration

1. Purchase Price. The Purchase Price stated in the Agreement is hereby amended. The original Purchase Price was $. The new Purchase Price shall be $.

2. Earnest Money. The earnest money deposit required under the Agreement shall be $, to be delivered to Escrow Holder in accordance with the Agreement. If the earnest money already deposited differs, the parties agree that the difference shall be paid as follows:

Earnest Money Adjustment Instructions

Timing and Contingencies

3. Closing Date. The Closing Date specified in the Agreement is amended to . Time is of the essence with respect to the amended Closing Date.

4. Financing Contingency. The financing contingency under the Agreement: Continues Is waived

If financing continues, describe material changes to financing terms

Possession; Prorations; Costs

5. Possession. Possession of the Property shall be delivered to Buyer on , subject to the terms of the Agreement and any deed restrictions.

6. Prorations and Closing Costs. All taxes, assessments, utilities, rents, and other items customarily prorated or adjusted at closing shall be prorated as of the Closing Date unless otherwise agreed in writing. Closing costs shall be allocated as set forth in the Agreement, except as expressly modified herein.

Inspections, Title, and Representations

7. Inspections and Title. All inspection periods, title review, and cure rights under the Agreement remain in full force and effect except to the extent expressly modified by this Amendment. Seller shall continue to deliver marketable title free of liens and encumbrances except those approved in writing by Buyer.

8. Representations and Warranties. Each party represents and warrants that it has the full power and authority to execute this Amendment, that execution will not conflict with any other agreement or applicable law, and that the individual signing has been duly authorized to bind the party.

Default; Remedies; Miscellaneous

9. Default; Remedies. Except as expressly modified by this Amendment, the default, remedy and remedy election provisions of the Agreement shall apply to this Amendment. In the event of a conflict between this Amendment and the Agreement, the terms of this Amendment shall control.

10. Entire Agreement; Governing Law. This Amendment, together with the Agreement, contains the entire agreement between the parties with respect to the subject matter hereof. This Amendment shall be governed by and construed in accordance with the laws of the state identified below in the Governing Law selection.

Governing Law State

Additional Terms

Additional Terms or Special Provisions

Acknowledgment

By signing below, the parties acknowledge that they have read and understand this Amendment, agree that all terms of the Agreement not expressly modified remain in full force and effect, and each party warrants that it is duly authorized to execute this Amendment.

Buyer - Printed Name:

By:

Date:

Seller - Printed Name:

By:

Date:

What a Real Estate Purchase Price Amendment Is

A Real Estate Purchase Price Amendment is a written modification to an existing purchase agreement that changes the contract price and related payment terms. It formally records the parties' mutual agreement to increase or decrease the purchase price, adjust earnest money or allocation of costs, and confirm any related changes to financing or closing conditions. When executed by all contract parties, the amendment becomes part of the original contract and controls the buyer’s and seller’s obligations from its effective date under ESIGN and UETA standards for electronic execution.

Why Parties Use a Purchase Price Amendment

A focused amendment avoids rescinding the original contract and preserves existing contingencies while documenting agreed pricing changes, lender approvals, and allocation of costs. It reduces ambiguity at closing and provides a clear audit trail for title companies, escrow, and lenders.

Typical Parties Who Prepare or Sign This Amendment

Each signer should verify identity, authority to bind the party, and consistency with lender or contingency requirements before executing.

Buyers and buyers’ agents — request and approve price changes and financing updates.
Sellers and listing agents — confirm acceptance and coordinate escrow/title updates.
Title / escrow companies — record amendment for closing and recording workflows.

Core Elements a Professional Amendment Should Include

A clear, professionally drafted amendment reduces closing friction. Include an unambiguous description of the changed price, effective date, and any linked modifications to deposits, financing, or closing costs.

Revised Purchase Price

Specify the new total dollar amount, spelled out and numerically, to prevent ambiguity and support lender review.

Effective Date

State the exact MM/DD/YYYY date when the amended terms take effect for performance and statute-of-limitations clarity.

Allocation of Consideration

Describe changes to earnest money, credits, seller concessions, or prorations and who pays closing costs.

Financing Contingency

Note whether lender approval is required for the amended price and set a deadline for underwriting confirmation.

Escrow and Title Instructions

Direct escrow to apply revised funds and update payoff instructions, beneficiary statements, and title commitments.

Signatures and Notary

Provide signature blocks for all parties, include signature dates, and add notary or witness language if required by jurisdiction.

Step-by-Step: How to Complete and Execute the Amendment

Follow these sequential steps to prepare, review, and execute a binding purchase price amendment with minimal delays.

01

Draft Amendment: Record original contract reference and clearly state the revised price and related changes.
02

Review with Lender: Confirm lender approval or underwriting impact before presenting to all parties.
03

Circulate for Signatures: Send to buyer, seller, and agents for signature and dating in the proper order.
04

Deliver to Escrow: Provide executed amendment to escrow/title so funds and instructions reflect the amended terms.

Digital Workflow Settings for Online Completion

Configure your e-signature workflow to preserve chain of custody and meet lender or escrow requirements.

Field	Configuration
Template Name	Use a consistent amendment template labeled 'Purchase Price Amendment'.
Signers	Include all parties and agent emails; set signing order if needed.
Authentication	Require email validation and SMS or KBA for added signer verification.
Notifications	Enable automatic copies to escrow, title, and lender contacts.

Platform and File Requirements for eSigning and Submission

Confirm the platform preserves a tamper-evident audit trail, secure storage, and exportable signed PDFs for recordkeeping.

File Formats: PDF and DOCX supported for secure signing.
Integrations: Salesforce, NetSuite, Microsoft 365, Google Workspace, Box supported.
Authentication: Email link plus optional SMS or KBA for higher assurance.

Key Dates and Deadlines to Track

Track amendment-specific deadlines to ensure lender, escrow, and recording windows remain aligned with the original contract.

Closing Date:

The scheduled date for transfer and fund disbursement. Confirm with lender and escrow.

Amendment Effective Date:

Date when the amended price and terms take effect for obligations.

Lender Approval Deadline:

Deadline for underwriting acceptance of revised purchase price.

Escrow Deposit Deadline:

Date by which revised earnest money or credits must be deposited.

Recording Deadline:

Target date for recording deed or supplemental documents if required.

Milestone Timeline from Amendment to Closing

A concise sequence helps parties and vendors coordinate approvals, funds, and recording steps leading to closing.

01

Amendment Proposed

Seller or buyer drafts amendment and cites the original contract reference.

02

Counterparty Review

Other party, agents, and lender review and approve or propose edits.

03

Execution and Delivery

All parties sign; deliver executed copy to escrow, title, and lender.

04

Final Closing Adjustment

Escrow updates HUD/closing statement to reflect the amended price and disburses accordingly.

Security and Compliance Notes for Electronic Execution

Encryption: TLS 1.2/1.3 in transit

At-Rest Protection: AES-256 encryption at rest

Certifications: SOC 2 Type II available

HIPAA: BAA available on request

Legal Framework: ESIGN and UETA compliance

Accessibility: WCAG 2.0 Level AA

Common Risks and Consequences of Errors

Breach of Contract: Possible damages or rescission

Lender Refusal: Underwriter may deny loan

Title Problems: Inaccurate price can affect payoffs

Closing Delays: Funds or documents may be postponed

Tax Impact: Recording or transfer tax discrepancies

Dispute Cost: Attorney fees and resolution delay

Real-World Examples of Using a Purchase Price Amendment

These short examples show how professionals use amendments to resolve pricing and timing issues without reopening the entire contract.

Tim Martin — Martin Properties

Tim Martin needed to adjust final sales price due to repair credits agreed after inspection.

He used a concise amendment to document the credit amount and closing date change.
The executed amendment was delivered to escrow and lender, allowing closing to proceed with an updated Closing Disclosure and no contract rescission.

Brian Fitzgibbons — Optica Ventures LLC

A buyer requested a price reduction after appraisal came in low.

The parties negotiated a revised purchase price and escrow credit.
Recording the amendment and notifying title and lender enabled underwriting acceptance and prevented a delayed closing while preserving the original contract terms.

Practical Tips to Avoid Delays or Disputes

Applying a few standard practices when preparing an amendment reduces lender pushback and title issues at closing.

Be Specific

State numerical price and spelled-out amount, specific dates, and exact amounts for credits or deposits to avoid interpretation disputes.

Coordinate Early

Inform lender, title, and escrow immediately to surface re-underwriting, payoff, or recording implications before final signatures.

Use Consistent Templates

Leverage a standard amendment form that references the original contract by date and page to maintain clarity.

Preserve Evidence

Retain executed PDFs with audit trails, emailed confirmations, and any lender acceptance documents for the transaction file.

eSignature Pricing and Feature Snapshot for Completing This Amendment

Compare basic plan pricing and common feature availability for signature platforms; signNow is shown first in this vendor comparison.

	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 credit card	Varies by vendor	Varies by vendor	Limited trial available	Limited trial available
Bulk Send	Yes (Business Premium)	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes (BAA)	Yes	Yes	No	No

Frequently Asked Questions About Purchase Price Amendments

Answers to common execution, enforceability, and processing questions for Real Estate Purchase Price Amendments.

Need help? Contact support

Can an amendment be signed electronically?
Yes. Electronic signatures are generally enforceable under the ESIGN Act (15 U.S.C. ch. 96) and UETA where adopted. Ensure the signer demonstrates intent, consents to electronic records, attribution is clear, and the record can be retained and reproduced.
Do lenders have to accept an amended price?
Not automatically. Lenders may require re-underwriting or a new appraisal for a changed purchase price; obtain written lender approval or conditions before finalizing the amendment.
Is notarization required for the amendment?
Typically not required for a purchase price amendment itself, but state or recording offices may require notarization for related deed or affidavit changes—verify with title and the county recorder.
What if party names differ from the original contract?
Mismatched names can invalidate acceptance; use the exact legal names from the original contract or attach a corrective addendum and get counsel involved if necessary.
How should escrow be notified?
Deliver a fully executed signed copy and any lender approvals to escrow by email and platform link; confirm escrow updates the settlement statement to reflect changes.
Can the amendment change other contract terms?
Yes, but keep changes limited and explicit. If the amendment affects contingencies, closing date, or financing, document those changes clearly and secure all required consents.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now