Counter Offer Addendum Minnesota Form PDF Details

In the intricate process of buying and selling property in Minnesota, the Counter Offer Addendum plays a vital role in facilitating negotiations between buyer and seller, ensuring that each party’s terms are clearly communicated and considered. Authorized by the Minnesota Association of REALTORS®, this document serves as a tool to modify the original purchase agreement, allowing for re-negotiation on aspects such as sale price, earnest money, financing details, and closing costs, among others. Its structure is designed to make clear which elements of the original agreement are being revised, without altering the entirety of the initial terms. This addendum emphasizes the rejection of the original purchase agreement and introduces new terms for consideration. Importantly, it cautions users that it stands independent of any previous counteroffers, reiterating the exclusivity of the terms within. The form meticulously details the conditions under which both buyer and seller agree to proceed, culminating in signatures that legally bind the agreed-upon terms. This aspect of the real estate transaction process in Minnesota underscores the importance of precision and clarity in contract negotiations, while also offering a pathway for both parties to reach amicable agreements. Recognizing the legal nature of the document, it concludes with a reminder of the potential need for professional advice, highlighting its significance in the transaction process.

QuestionAnswer
Form NameCounter Offer Addendum Minnesota Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescounter offer addendum, form, counter offer mn form, minnesota counter offer addendum

Form Preview Example

COUNTEROFFER฀ADDENDUM

This฀form฀approved฀by฀the฀Minnesota฀Association฀of฀REALTORS®,฀ which฀disclaims฀any฀liability฀arising฀out฀of฀use฀or฀misuse฀of฀this฀form.

©฀2007฀Minnesota฀Association฀of฀REALTORS®,฀Edina,฀MN

 

1.฀

Date฀

 

 

 

 

 

 

 

2.฀

Page฀

 

 

 

 

 

 

3.฀

Addendum฀to฀Purchase฀Agreement,฀Counteroffer฀Number฀

 

 

 

 

 

 

฀

4.฀

by฀฀ ฀Buyer฀ ฀Seller฀to฀the฀Purchase฀Agreement,฀dated฀

 

 

 

฀,฀20฀

 

฀฀ ,

฀-----------(Check฀one.)-----------

5.฀

and฀signed฀by฀Buyer,฀

 

 

฀,

6.฀

pertaining฀to฀the฀purchase฀and฀sale฀of฀the฀property฀located฀at฀

 

 

 

7.฀

 

 

 

 

฀.

8.฀ [CAUTION:฀This฀ Counteroffer฀ Addendum฀ does฀ not฀ include฀ the฀ terms฀ or฀ conditions฀ in฀ any฀ other฀

9.฀

counteroffer.]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.฀

The฀Purchase฀Agreement฀is฀rejected฀and฀the฀following฀Counteroffer฀is฀hereby฀made.฀All฀terms฀and฀conditions฀remain฀

11.฀

the฀same,฀as฀stated฀in฀the฀Purchase฀Agreement,฀except฀the฀following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12.฀

(Select฀appropriate฀changes฀from฀original฀offer.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.฀

 

฀ Sale฀price฀shall฀be฀$฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀.

 

 

 

 

 

 

 

 

14.฀

 

฀ Earnest฀money฀shall฀be฀a฀total฀of฀$฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀.

 

 

 

 

15.฀

 

฀ Cash฀of฀at฀least฀

 

 

 

 

฀percent฀(%)฀of฀the฀sale฀price,฀which฀includes฀the฀earnest฀money;฀PLUS;

 

 

 

 

16.฀

 

฀ Financing,฀the฀total฀amount฀secured฀against฀the฀property฀to฀fund฀the฀purchase,฀not฀to฀exceed฀

 

 

 

 

฀

17.฀

฀

percent฀(%)฀of฀the฀sale฀price.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

18.฀

 

฀ Closing฀date฀shall฀be฀

 

 

 

 

 

 

 

 

฀,฀20฀

 

 

 

 

 

 

 

฀.

 

 

 

 

 

 

 

 

19.฀

 

฀ Seller฀agrees฀to฀complete฀all฀FHA/Lender฀required฀repairs,฀not฀to฀exceed฀$฀

 

 

 

 

 

 

 

฀.

20.฀

 

฀ Seller฀shall฀pay฀Buyer’s฀closing฀costs,฀prepaids,฀insurance฀and฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21.฀

฀

not฀to฀exceed฀$฀

 

 

 

 

 

 

฀.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22.฀

 

฀ Possession฀shall฀be฀on฀

 

 

 

 

 

 

 

 

฀,฀20฀

 

 

 

 

 

 

 

 

฀.

 

 

 

 

23.฀

 

฀ Other:฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24.฀

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25.฀

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

26.฀

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27.฀

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

28.฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀

(Seller’s฀Signature)฀

 

 

 

(Date)฀

 

(Buyer’s฀Signature)฀

 

 

 

 

(Date)

29.฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

฀

(Seller’s฀Signature)฀

 

 

 

(Date)฀

 

(Buyer’s฀Signature)฀

 

 

 

 

(Date)

30.฀

This฀Counteroffer฀Addendum฀is฀

฀REJECTED฀

฀COUNTERED฀฀฀฀฀฀

 

 

 

฀

 

 

 

฀

 

 

 

 

฀

฀

 

 

 

 

---------------------(Check฀one.)---------------------฀

 

 

 

 

 

 

 

(initial)฀

(initial)

 

 

 

 

31.฀

ATTACH฀ONLY฀THE฀FINAL฀COUNTEROFFER฀ADDENDUM฀TO฀THE฀PURCHASE฀AGREEMENT.

32.฀

THIS฀IS฀A฀LEGALLY฀BINDING฀CONTRACT฀BETWEEN฀BUYER(S)฀AND฀SELLER(S).

33.฀

IF฀YOU฀DESIRE฀LEGAL฀OR฀TAX฀ADVICE,฀CONSULT฀AN฀APPROPRIATE฀PROFESSIONAL.

MN:CO฀(8/07)

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