Purchase and Sale Agreement

You are a salesperson at Prudential Realty. On September 12, 2021 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

Sellers 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, 2021 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 buyers 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, 2021. You send the offer via email to the sellers agent, Rachel Adams of EXP Realty.

At 5 pm on September 12, 2021, 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, 2021. Rachel then emails this offer to your office.