Please use an addendum to add the new Buyer to the Contract and have all parties sign. You can use the sample verbiage below for the Addendum.
“_________________ (New Buyer’s Name) shall be added to the purchase contract as an additional buyer. The additional buyer has received and reviewed a copy of all contractual documents and disclosures and agrees to all previously negotiated terms and conditions.”
Additionally, the new Buyer will also need to sign the following documents, at a minimum:
- Real Estate Agency and Disclosure
- Affiliated Business Disclosure
- Lead-Based Paint Disclosure
It is a good practice to have the buyer initial and sign the contract, counters, addenda, and any disclosures as well to ensure they have received and reviewed the contract they are entering into.