Get Immediate Access to Our Seller Financing Addendum Template For Buyers

This Seller Financing Addendum is designed to be attached to a Real Estate Purchase and Sale Agreement. The purpose of the seller finance addendum is to outline the specific owner financing agreement terms for a property purchase. It's important to note that this seller financing addendum is intended for traditional seller financing deals, where the seller owns the property outright or any underlying owner mortgages and loans will be paid off in full by closing. Note that it is not intended for property purchases where the current owner's existing mortgage loan will remain in place after the acquisition (commonly referred to as a 'SubTo' agreement or 'Subject To' contract purchase). It is important to review all sections of this seller finance addendum, customize it to your specific financing arrangement, and seek validation from legal and financial professionals before formalizing the seller financing addendum.

Other Purchase Documents You May Need With A Seller Financing Addendum

While a seller financing addendum is essential for this type of real estate purchase transaction, additional purchase or sale documents and clauses may be necessary. These could be specifically required by the county, city, and state to process your transaction, such as a Real Estate Purchase and Sale Agreement, Seller Property Condition & Disclosure Statement, Lead-Based Paint Disclosure, and other potential documents. It is important to do your due diligence and seek validation from a local legal professional before finalizing the owner financing agreement to ensure that all required documents and clauses are included in your seller financing agreement.

This seller financing addendum is designed to be attached to a real estate purchase and sale agreement. If you need a purchase and sale agreement, you can use our Owner Financing Contract Template that comes with this seller finance addendum attached or you can purchase our Purchase & Sale Agreement Purchase & Sale Agreement separately.

Is This The Seller Financing Promissory Note?

This seller financing addendum is separate from the seller financing promissory note. However, the seller financing addendum should identify the promissory note terms that will be included in the seller financing note. The seller financing promissory note is usually created during the closing process, while the seller financing addendum is drafted along with the purchase and sale agreement. You can find a copy of our Promissory Note Template on our template page, or you may request a legal professional, or sometimes your title and escrow company, to draft a seller financing promissory note for you before closing. 

Note that this seller financing addendum template was created for buyers looking to purchase properties with owner financing. If you’re evaluating the sale of your property with owner financing, then you should use our Owner Financing Addendum Template For Sellers.