→

Official Counter Offer Addendum Minnesota Form in PDF

The Counter Offer Addendum Minnesota form is a document used in real estate transactions to propose modifications to the terms of an existing Purchase Agreement. This form allows buyers and sellers to communicate changes, ensuring both parties are aware of the new terms being offered. Proper completion of this addendum is essential for maintaining clarity and legal standing in the negotiation process.

To fill out the form, click the button below.

Create Your Form

Create Your Form

Navigation

The Counter Offer Addendum in Minnesota is a vital document used during real estate transactions. It allows buyers and sellers to negotiate terms after an initial purchase agreement has been made. This form is approved by the Minnesota Association of REALTORS® and provides a structured way to present counteroffers. Key sections of the addendum include the date, the counteroffer number, and the specific changes being proposed. Buyers and sellers can outline adjustments to the sale price, earnest money, financing details, and closing costs. It also specifies important dates, such as the closing date and possession date. By using this form, both parties can clarify their intentions and ensure that all terms are documented properly. This addendum serves as a formal rejection of the original purchase agreement while presenting new terms for consideration. It is crucial for both parties to understand that this document is legally binding, making it important to review all details carefully before signing.

Form 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)

➤ Counter Offer Addendum Minnesota File

Form Specifications

Fact Name	Details
Form Purpose	This form is used to create a counteroffer to a purchase agreement in Minnesota.
Governing Body	The Minnesota Association of REALTORS® approves this form.
Legal Binding	This document serves as a legally binding contract between the buyer(s) and seller(s).
Rejection of Original Agreement	The counteroffer explicitly rejects the original purchase agreement.
Modification of Terms	All terms and conditions remain the same unless specifically modified in the counteroffer.
Earnest Money Requirement	The form specifies the amount of earnest money required as part of the counteroffer.
Closing Date Specification	The counteroffer allows parties to specify a closing date, which is essential for transaction planning.

Please rate Official Counter Offer Addendum Minnesota Form in PDF Form

4.92

Exemplary

24 Votes

Popular PDF Templates

What Time Do Repos Happen - Guides secured parties through Minnesota's legalities of repossessing vehicles and applying for a new title.

When Can I Expect My Minnesota Renters Rebate? - The CRP form helps the state of Minnesota ascertain the correct amount of tax refund due to renters.

To simplify the process of granting temporary authority, consider using the Power of Attorney for a Child form, which provides vital legal backing for parents and guardians during their absence.

Ifta Trip Permit - Illustrates the commitment to transparency and legality in processing vehicle permits.