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Contract Effective Date: 2 (Date of offer) (Date of execution by both parties; see paragraph 30) 3 PARTIES: This Contract is made and entered into by and between Print Full Names : 4 5 ("Seller") Show Relationship Between Parties If More Than One And Marital Status , and 6.

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If the home appraisal comes in below the agreed-upon price of a home you plan to purchase, the FHA amendatory clause enables FHA home buyers to cancel the home purchase and receive a refund of their earnest money. In short, it will allow you, the home buyer, to back out of the sale without any sort of penalty.

Also called an “Escape Clause,” the FHA amendatory clause is a disclosure that gives FHA homebuyers extra protection to cancel a transaction and receive a refund of any upfront earnest money if the value of the home is below the agreed-upon sales price.

A purchase agreement addendum, or “amendment,” is added to a real estate purchase agreement to expand or amend the agreement's terms and conditions. The addendum must be signed by both buyer and seller to become in effect. After signing, the addendum should be attached to the original purchase agreement.

Similar to the financing contingency, the addendum will state a specific time frame for the buyer to sell their home and go through with the purchase agreement for the new home. Home sale contingencies are more prevalent during a buyer's market where buyers have more leverage in negotiating the terms of the sale.

An addendum is an additional document that gets added to the purchase and sale agreement. The document will include any additional information or requests that the buyer did not put into the original purchase and sale agreement.

Common addendums include contingencies such as home inspections or the sale of the buyer's house, as well as including certain items, like furniture. Addendums are created before both parties sign a contract; amendments are made after the parties have signed a contract and a change must be made.

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document.

An addendum is used to clarify and add things that were not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

An addendum is an additional document that gets added to the purchase and sale agreement. The document will include any additional information or requests that the buyer did not put into the original purchase and sale agreement.

Using the Change in Terms Addendum Both parties can agree to a reduction in price, seller credit, repairs pre-settlement or any other agreed upon accommodation. Additionally, there is space to write other changes which may be unique to a transaction.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232