Establishing secure connection…Loading editor…Preparing document…

Revised Sold Property Agreement

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

REVISED SOLD PROPERTY AGREEMENT

RECITALS

This Revised Sold Property Agreement (the Agreement) amends and modifies the prior purchase contract between the parties identified below. Effective Date: . The parties intend that the terms set forth herein supersede any inconsistent provisions of the earlier agreement.

PARTIES

PROPERTY IDENTIFICATION

PURCHASE TERMS (REVISED)

Purchase Price: $ . Earnest Money Deposit: $ to be held in escrow and credited at closing.

FINANCING

Financing Contingency: The Buyer's obligation to close is contingent upon obtaining financing as described below. Loan Type: ; Financing Deadline:

INSPECTION

Inspection Period: Buyer shall have days from effective date to complete inspections. Seller agrees to provide reasonable access. Buyer may deliver written repair requests; Seller may accept, negotiate, or decline. If the parties do not agree as to repairs within days, Buyer may terminate and receive return of earnest money.

TITLE AND CLOSING COSTS

Closing Costs Allocation: Seller shall pay customary seller closing costs including commission and deed recording fees. Buyer shall pay loan costs and lender-required fees, unless otherwise revised below:

PRORATIONS AND ADJUSTMENTS

Taxes, assessments, rents and utilities shall be prorated between Seller and Buyer as of the closing date. Any unpaid assessments or liens known at closing shall be cleared by Seller unless otherwise specified in writing.

DISCLOSURES

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

Known Mold or Water Intrusion: Yes No

Prior Material Damage or Structural Repairs: Yes No

REPRESENTATIONS AND WARRANTIES

Seller represents that Seller is the lawful owner of the Property, has authority to sell, and that there are no outstanding actions, judgments, or liens against Seller that would prevent conveyance except as disclosed in writing. Buyer represents that Buyer has authority and capacity to enter this Agreement and will timely perform all obligations.

DEFAULT AND REMEDIES

If Buyer defaults, Seller may retain earnest money as liquidated damages, pursue specific performance, or seek actual damages as permitted by law. If Seller defaults, Buyer may elect to terminate and recover earnest money, seek specific performance, or pursue damages. Remedies are cumulative and exclusive of equitable relief where appropriate.

GOVERNING LAW; ENTIRE AGREEMENT

This Agreement is governed by the laws of the state in which the Property is located. This Revised Sold Property Agreement, together with any incorporated addenda and the prior purchase contract to the extent not inconsistent with this revision, constitutes the entire agreement between the parties with respect to the revised terms and supersedes all prior negotiations and agreements concerning those revised terms.

MISCELLANEOUS

Notices must be in writing and delivered to the addresses set forth herein or as later provided in writing. Any amendment to this Agreement must be in writing signed by both parties. Time is of the essence with respect to all dates and deadlines in this Agreement unless otherwise specified in writing.

ADDITIONAL TERMS AND CONDITIONS

Buyer:

By:

Date:

Seller:

By:

Date:

Enter text✕

What the Revised Sold Property Agreement Is

The Revised Sold Property Agreement is a written contract that records changes to terms of a previously executed property sale, including amended purchase price, closing date, contingencies, or buyer and seller obligations. It replaces or supplements the original purchase agreement when all parties consent and creates a clear, dated record for title, escrow, and recording purposes. The document must identify the original contract, describe each amendment precisely, and be executed by authorized signatories to preserve enforceability and lender and recorder acceptance.

Why a Revised Sold Property Agreement Matters

Using a Revised Sold Property Agreement clarifies altered terms, reduces closing disputes, and creates an auditable record for escrow and title companies. It documents mutually agreed changes and supports lender review and accurate county recording.

Why a Revised Sold Property Agreement Matters

Who Typically Handles These Amendments

Typical users include real estate agents, escrow officers, attorneys, buyers, and sellers involved in transactions requiring post-contract amendments.

  • Real estate brokers and agents managing contract negotiations and disclosures.
  • Title and escrow officers verifying revised terms for recording and closing.
  • Buyers, sellers, and attorneys executing amendments and ensuring lender compliance.

Parties should confirm authority to amend the original contract and note approval dates for recording.

Primary Roles Involved

Listing Agent

Listing agents negotiate amendments for sellers, coordinate with buyer representation, prepare the revised agreement for execution, deliver copies to title and escrow, and confirm client authority to amend. They must disclose changed terms to buyers and lenders to avoid closing delays.

Closing Attorney

Closing attorneys review amendment language for legal sufficiency, verify chain-of-title impacts, advise on notarization and witness requirements, and prepare acknowledgements or affidavits needed to support the amended transaction at closing.

Core Sections to Include in a Professional Revised Sold Property Agreement

A professional Revised Sold Property Agreement should clearly identify parties, reference the original contract, describe each amendment precisely, and provide signatures, dates, and any recording or lender acknowledgements.

Parties

Full legal names and contact details for buyer(s), seller(s), and brokers. Include mailing address, email, and daytime phone to ensure proper notices and service during closing and post-closing communications.

Reference

Cite the original purchase agreement by date, parties, and contract number. State which sections are amended, replaced, or deleted to avoid ambiguity and ensure record traceability.

Amendments

Describe each change with precise language, including revised price, new closing date, financing contingencies, agreed repairs, and allocation of closing costs. Use numbered paragraphs for clarity and cross-referencing.

Consideration

State the exact consideration for the amendment, whether monetary, credit toward closing, or agreed concessions. Avoid vague terms to prevent disputes or lender underwriting issues.

Execution

Provide signature blocks with printed names, titles (if applicable), and date lines for all parties. Include notarization or witness sections where state law or recording requires them.

Recording

Note whether the amendment must be recorded with the county recorder, list recording instructions, and attach any necessary exhibits or acknowledgement pages for title company review.

Essential Information and Fields

Property Address: Street, city, state, ZIP.
Original Contract Date: Enter original contract date in MM/DD/YYYY format.
Buyer(s) Name: Full legal names as on ID.
Seller(s) Name: Full legal names as on ID.
Amendment Summary: Clear numbered list of specific changes.
Signatures & Dates: Signature lines and signature dates.

Step-by-step: Preparing and Finalizing the Amendment

Follow these sequential steps to prepare, review, sign, and record a Revised Sold Property Agreement to minimize closing delays and ensure enforceability.

  • 01
    Prepare: Identify original contract and list specific amendments.
  • 02
    Review: Have counsel or title review changes and impacts.
  • 03
    Execute: All parties sign and date in required blocks.
  • 04
    Record: Submit to county recorder or provide to title for recording.

Where to Send or File the Executed Amendment

Typical routing includes seller and buyer exchanges, title company review, lender acknowledgement, and county recorder submission when recording is required.

  • To Seller: Return signed copy to seller's agent or attorney.
  • To Buyer: Provide executed agreement to buyer and lender as needed.
  • To Title: Send for title review and recording instructions.
  • To Recorder: Record the amendment if it affects public record.

Configuring an Online Signing Workflow

Configure an online workflow to collect signatures, optional notarization, and lender acknowledgements before finalization and ensure an auditable trail.

Field Configuration
Signing Order Sequential: buyer, seller, lender, title
Authentication Email link or SMS code for signer verification
Notarization Enable RON or in-person notary checkbox
Notifications Automatic reminders and final signed copies distribution

Digital Signing and File Compatibility

Compatible platforms and file formats for e-signing and submission include PDF, Word, and common cloud storage integrations.

  • File Formats: PDF and DOCX supported.
  • Integrations: Connect to Google Drive, Box, NetSuite.
  • Authentication: Email, SMS, KBA, or advanced options.

Deadlines and Time-Sensitive Dates to Track

Key deadlines include execution dates, lender approvals, inspection periods, and recording windows that affect enforceability and funding.

Execution Date:

Date when all parties have signed.

Lender Approval:

Deadline for financing contingency removal.

Inspection Period:

End date for buyer's inspection objections.

Closing Date:

Agreed date for transfer of title and funds.

Recording Window:

Timeframe to submit amendment to recorder.

Key Milestones Before and After Execution

Follow these numbered milestones to track preparation, approvals, execution, recording, and post-recording tasks for the amended sale.

01

Draft Amendment

Seller or buyer prepares the written amendment and lists each change.

02

Title Review

Title company reviews effects on chain of title and recording needs.

03

Lender Notice

Notify lender and obtain required acknowledgements or approvals.

04

Execution & Notary

All parties sign and notarize or witness as required.

Common Mistakes to Avoid

  • Failing to reference the original contract precisely leads to ambiguity about which provisions are amended or superseded, causing disputes at closing and title objections.
  • Submitting unsigned or partially signed amendments can invalidate the change; lenders or title companies may refuse funding or recording until all required signatures and acknowledgements are present.
  • Incorrect notary, witness, or recording procedures—such as wrong county or missing jurats—may reject the document at recorders office or delay title clearing.
  • Not obtaining required lender acknowledgment for change in price or financing terms can breach loan covenants and trigger underwriting re-evaluation or funding holds.

Potential Consequences of Errors

Recording Rejection: County recorder may refuse recording
Title Issues: Clouded title or liens
Funding Delay: Lender may delay closing
Contract Breach: Claims for damages possible
Notary Penalties: Fines or invalid acknowledgements
Tax Consequences: Recording affects tax basis

eSignature Pricing and Feature Comparison

Compare signNow with common e-signature vendors on price, bulk send, audit features, HIPAA support, and envelope limits to choose an appropriate provider for property document workflows.

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 Varies Varies Varies
Bulk Send Yes (in Premium) Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes (BAA) Yes Yes No No

Frequently Asked Questions

Answers to common questions about executing, recording, and electronically signing a Revised Sold Property Agreement in U.S. real estate transactions.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users