Which State Approved Form is used to make a change to an accepted offer to purchase?

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The correct answer is an addendum. An addendum is a formal document that supplements or modifies a contract after it has been accepted by both parties. In the context of a real estate transaction, if one party wants to propose changes to the terms of an accepted offer to purchase, an addendum is used to document those changes clearly and officially, ensuring that all parties are on the same page regarding the new terms.

The use of an addendum allows for specific alterations or additions to the original document without needing to create an entirely new contract, which can streamline the process and maintain clarity. It serves as a binding agreement to the changes and is typically signed by both parties to acknowledge their consent to the updated terms.

While other options may seem related to contract changes, they do not fit the specific context of modifying an accepted offer to purchase in the way an addendum does. A codicil typically pertains to wills, a replacement contract might suggest entirely drafting a new agreement instead of just modifying an existing one, and a change/extension form might be more applicable for limited modifications—often in different contexts such as time extensions—rather than comprehensive changes to the terms of a purchase offer.

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