Globella Blog San Diego Real Estate Blog written by Exclusive Buyer's Broker, Justin Gramm.

Real Estate Paperwork Explained

You May Want to Incorporate the Purchase Agreement Addendum into Your Offer

The Purchase Agreement Addendum is a two-page form that you or the seller may want to incorporate into your purchase contract when buying a home in San Diego. The form covers several specific topics of interest for your purchase transaction including: back-up offers, seller renting back the property after close of escrow (if the seller needs more time for moving, etc.), tenant remaining in possession (if there is a tenant), secondary or assumed loans, court confirmation (for purchases that require court confirmation), etc. Each of these are topics that don't always come up in a normal, straight-forward transaction, but then again, not many transactions are normal and straight-forward. We will use this form if it is necessary for your purchase. There are more versions of the PAA form (PAA#1, PAA#2,PAA#3, and so on), so it can also be used to counter back and forth between Buyer and Seller until both sides come to an agreement on the specifics of this addendum.

Read Also: The California Residential Purchase Agreement and Joint Escrow Instructions


Justin Gramm is the founder and principal broker of Globella Buyers Realty, your San Diego Exclusive Buyer Brokerage. He also writes this blog, "For San Diego Home Buyers."

Exclusive Buyer Agents do not list homes for sale and never represent sellers. They have no "inventory" to try to sell you. They can represent you in purchasing any home. They are specialists at representing buyers only on the buyers' side of the transaction. Exclusive Buyer Agents work to get buyers the best price and terms when they buy a home.

If you have excellent credit and plan to buy a home or condo in San Diego County within 90 days, contact Justin Gramm to hire an agent on your side of the transaction. Call Justin at (858) 437-2662 or  E-mail.


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