A buyer was added to the purchase contract after ratification. Does the new buyer have to sign the purchase agreement?

Asked by Bogeygolf1, Redwood City, CA Thu Jan 19, 2012

An additional buyer was added via an addendum, but I didn't receive the purchase contract with the additional buyer's signature.

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Shanna Rogers, Agent, Murrieta, CA
Thu Jan 19, 2012
BEST ANSWER
Hi Bogeygolf1,

The Addendum basically adds the addtional buyer to the purchase contract - they don't need to sign the RPA.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes
Annette Law…, Agent, Palm Harbor, FL
Fri Jan 20, 2012
This typically presents no problems since all aspects of the purchase agreement remain in effect.
However, there is much we do not know.

For instance, if the home is being sold as a short sale, Bank of America and other 'big banks' will stop the purchase when assigned. Apparently, they are able to make more money via a foreclosure than a short sale.

Your local real estate professional will provide more information regarding what is occurring in Redwood.

Best of success in the sale of your home.
Annette Lawrence
Broker/associate
ReMax Realtec Group
727. 420. 4041
Web Reference:  http://www.MyDunedin.com
0 votes
Roland Vinya…, Agent, Sprakers, NY
Thu Jan 19, 2012
We see this from time to time and no one seems to worry about it. The reason being is that there will still be a sale and the broker and the seller do not normally care whether it is to one person or two. Ideally, they would also sign. But often another party is put on the deed who never signed any of the papers.
0 votes
Erica Ramus,…, Agent, Pottsville, PA
Thu Jan 19, 2012
Adding him/her by addendum should suffice. Is this a problem for some reason? Why do you need his or her signature on original contract?
0 votes
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