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Rainmaker
1,817,376
Gary Frimann CRS, GRI, SRES, ABR, SFR
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker, Notary

Quite often.  I'd say about 3/4 of the transactions.

Mar 09, 2022 12:38 PM
Rainmaker
3,032,705
Richie & You
pearlsforthesoul.com - Riverside, CA
Author & Consultant

Addendums either are used to sew up loose ends or contain a condition or subject-to clarity. I like using them to spell-out & emphasize the contract, deal points, additional work and to aid in maximum communications.

Mar 09, 2022 12:40 PM
Rainmaker
1,602,245
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Almost every single deal.  If not during the offer itself, then during the repair request stage.  It's often far easier to reply with "See Addendum 1" on the form and list things out on the full page addendum.

Escrow almost always has at least one amendment too.  Usually around repair credits, changes in closing dates, etc.

Mar 10, 2022 04:28 AM
Ambassador
1,145,618
John Meussner
Mason-McDuffie Mortgage - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

I'm pretty sure I see more contracts that end up using addendums along the way than contracts that do not, either initially or through the process.  At closing, as long as all parties have kept up w/changes along the way, things should go seamlessly.  

Mar 09, 2022 03:41 PM
Rainmaker
1,901,806
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Our contract is full of addenda & is 13 pages long. Check the particular paragraph that you need.

% would be 100% in my area that we use at least one.

Mar 09, 2022 01:28 PM
Rainmaker
1,688,602
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

The use of Addenda (plural of Addendum) is not unusual. We see them very often when an offer is submitted with several addenda including the removal of contingency addendum. Addenda, such as a contingency removal or addition of a signer to a contract which does not have enough signature lines or extension of time, can change the terms of a contract.

The contract is provided to the closing agent who is guided by the contract terms as amended.

Mar 09, 2022 11:46 AM
Rainmaker
1,181,032
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I want to make the distinction here between an addendum and an amendment. 

An Addendum 'adds something' that needed to be added. 
An Amendment 'changes the original agreement'. 

They (here, AZ) may both use an 'Addendum Form' in our State forms to make those additions or changes.

My AIR forms have Amendment forms as well as Addenda. 

Mar 10, 2022 07:04 AM
Rainmaker
983,094
Carla Freund
Keller Williams Legacy - Cary, NC
NC Realtor - Senior & Luxury 919-602-8489

These days we use appraisal gap addendums on about every transaction.

Mar 10, 2022 06:13 AM
Rainmaker
6,089,650
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Addendums are designed to be used in specific circumstances that apply to a transaction but not all transactions.

At closing, the customs of the particular state applies. Some use title companies and some use attorneys, while some allow closing agents.

Mar 10, 2022 04:12 AM
Rainmaker
1,495,363
Peter Mohylsky, Broker
Property Management Inc.-Destin - Sandestin, FL
Call me at 850-517-7098

Often, state dependent and property dependent.  Condos have lots of riders. 

Mar 10, 2022 04:06 AM
Ambassador
2,785,667
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Frequently.

   Don't "write stuff into the contract"; don't line things out, or otherwise tamper with the boilerplate.    Use the addenda forms provided by your State or Local Association. 

  

Mar 09, 2022 09:40 PM
Ambassador
3,617,886
Kathleen Daniels, Probate & Trust Real Estate Svcs.
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Many are used all the time in both listings and purchases. 

Closings are managed differently from state to state - depending on who we represent as well as if attorneys are involved. 

Mar 09, 2022 04:23 PM
Ambassador
2,218,400
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

More often than not - either part of the initial contract such as a VA/FHA addendum or to address changes and additions at a later time such as repairs, change in closing date, etc. 

Mar 09, 2022 03:37 PM
Ambassador
7,330,195
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I work mostly with listings and each one comes with a set of mandatory and optional addenda that goes with it.

Mar 09, 2022 09:50 PM
Rainmaker
844,530
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would say that most RPA's have an addendum attached to them.  The closing is different in many ways.  Here in California we use escrow for closing to no one is needed to be present.  Many states use Attorneys and meet at the closing table.

Mar 09, 2022 04:17 PM
Rainmaker
1,750,334
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP
Big Block LPT Realty 858.232.8722 - San Diego, CA
Coastal San Diego, Veteran's & Retirees Services

I average 3 per - deal every deal.

There one for my BRE there can be 1-3 for my RPA

And there's typically one for my RR-1.

Mar 10, 2022 07:44 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

As others have mentioned, commonly used to keep the contract clean.

Mar 10, 2022 11:32 AM
Ambassador
3,522,293
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
Southern Utah's Preferred Real Estate Agent.

As often as the need arises Mercedes! Everything is agreed upon prior to closing...recording is the end result.

Mar 10, 2022 09:44 AM
Rainmaker
6,523,656
Joan Cox, Retired Broker/Owner
Denver, CO
Enjoying Every Day to Its Fullest!

Probably 50% of the time.

Mar 10, 2022 06:06 AM