In a recent email from the Maryland Assocation of Realtors (MAR), I noticed that they had a new Seller Contribution Addendum. I was so excited to see it since my office has been asking for this for a long time.
The new form uses specific language to make perfectly clear what a seller is giving to a buyer in the way of closing cost assistance. So now we don't have to re-invent the wheel every time we need to do a seller contribution addendum. We don't have to worry that we left something out or used a dollar amount instead of a percentage of the sale, etc.
This form is produced by MAR and is for use by Realtor members of MAR. Use it! It really simplifies an issue that shouldn't be all that complicated to begin with, but which sometimes can be complicated.
You can download the form on the MAR website, www.mdrealtor.com.