Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose and fill out the necessary contracts to create a valid agreement Options: F201 - Purchase and Sale Agreement F249 - Counteroffer F404 - Conventional

image text in transcribed

Choose and fill out the necessary contracts to create a valid agreement

Options:

F201 - Purchase and Sale Agreement

F249 - Counteroffer

F404 - Conventional Loan Contingency Exhibit

F225 - Personal Property Agreement

F101 - Exclusive Seller Listing Agreement

Narrative: Purchase and Sale Agreement You are a salesperson at Prudential Realty. On September 12, 2020 at 3:00 pm, you write an offer on a property in the area. The following is the property information: Sellers: Roger and Dawn Branch Seller's Agent: Rachel Adams, EXP Realty List price: $160,000 MLS #: 987856 Address: 1225 Carrington South Drive, Statesboro, GA 30458 Age of the house: 5 years Lot Size: 1.74 acres Tax Identification #: MS235 000454 Legal Description: Land lot 227 or the 6th District, 2nd section, Bulloch County, GA 30458, more specifically described as lot 39 of block F, unit 3 of the Carrington South subdivision as recorded in Deed book, 1345, Page 145 The offer is for $152,000. Your customers, Robert and Judy Smith, have been pre- qualified for a conventional home loan with BB&T. The buyers are asking for the sellers to pay up to $4,000 in closing costs. The buyers would also like the sellers to leave the outdoor kitchen/gas grill with the house. The buyers request that the window treatments and blinds remain with the home. The washer and dryer and refrigerator are also requested to remain. The Smiths have put up $1,000 in earnest money in the form of a check. The closing is scheduled for October 14, 2020 with the law firm of Conner & Newman. The Smiths would like to take possession of the property at closing. The offer is contingent on the buyer's financing being approved. The Smiths request a due diligence period of 15 days to inspect the property. This offer is open until 4pm on September 13, 2020. You send the offer via email to the seller's agent, Rachel Adams of EXP Realty At 5 pm on September 12, 2020, Rachel Adams presents the offer to her clients Mr. & Mrs. Branch. They find the offer unacceptable. At 5:45 pm, they decide to counter the offer at the following terms: Sales price $158,000. They will pay $3000 in closing costs. They will sell the outdoor kitchen/gas grill to the buyers for $950.00. The seller will allow 10 due diligence days for inspections. The counteroffer will be open for acceptance until 6pm on September 13, 2020. Rachel then emails this offer to your office. You present the counteroffer to Robert and Judy Smith at 10 am on September 13, 2020. The Smiths accept the offer at 2 pm on September 13, 2020. Narrative: Purchase and Sale Agreement You are a salesperson at Prudential Realty. On September 12, 2020 at 3:00 pm, you write an offer on a property in the area. The following is the property information: Sellers: Roger and Dawn Branch Seller's Agent: Rachel Adams, EXP Realty List price: $160,000 MLS #: 987856 Address: 1225 Carrington South Drive, Statesboro, GA 30458 Age of the house: 5 years Lot Size: 1.74 acres Tax Identification #: MS235 000454 Legal Description: Land lot 227 or the 6th District, 2nd section, Bulloch County, GA 30458, more specifically described as lot 39 of block F, unit 3 of the Carrington South subdivision as recorded in Deed book, 1345, Page 145 The offer is for $152,000. Your customers, Robert and Judy Smith, have been pre- qualified for a conventional home loan with BB&T. The buyers are asking for the sellers to pay up to $4,000 in closing costs. The buyers would also like the sellers to leave the outdoor kitchen/gas grill with the house. The buyers request that the window treatments and blinds remain with the home. The washer and dryer and refrigerator are also requested to remain. The Smiths have put up $1,000 in earnest money in the form of a check. The closing is scheduled for October 14, 2020 with the law firm of Conner & Newman. The Smiths would like to take possession of the property at closing. The offer is contingent on the buyer's financing being approved. The Smiths request a due diligence period of 15 days to inspect the property. This offer is open until 4pm on September 13, 2020. You send the offer via email to the seller's agent, Rachel Adams of EXP Realty At 5 pm on September 12, 2020, Rachel Adams presents the offer to her clients Mr. & Mrs. Branch. They find the offer unacceptable. At 5:45 pm, they decide to counter the offer at the following terms: Sales price $158,000. They will pay $3000 in closing costs. They will sell the outdoor kitchen/gas grill to the buyers for $950.00. The seller will allow 10 due diligence days for inspections. The counteroffer will be open for acceptance until 6pm on September 13, 2020. Rachel then emails this offer to your office. You present the counteroffer to Robert and Judy Smith at 10 am on September 13, 2020. The Smiths accept the offer at 2 pm on September 13, 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Systems Control And Audit

Authors: Ron Weber

1st Edition

0139478701, 978-0139478703

More Books

Students also viewed these Accounting questions

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago