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PURCHASE AGREEMENT CASE STUDY Please fill out a purchase agreement using the following information. Use today's date and time. Agency XYZ Realty represents both the seller and the buyer. XYZ Realty is both listing and selling company. Property. 222 Elm Street Mobile, AL 36695 Legal Description: Lot 1 Unit 2 Sunset Hills Price: Buyers offer $150,000. List price is $160,000 Terms: 30 year conventional loan at 5.5% interest rate, with 5% down payment, apply for mortgage within 5 business days from acceptance of offer, no discount points paid by buyer and seller, repairs limited to $500 for mortgage/loan purposes Survey. New survey to be provided by seller & ordered by listing co. Professional inspection: Subject to a professional inspection with results communicated to seller within 5 business days from acceptance of offer, utilities provided by seller Miscellaneous: House was built in 1971; seller will have all utilities on for all inspections including walk-through; Home warranty. Was not offered at time of listing and buyer will request a home warranty from ABC Corporation to be ordered by listing broker and paid by seller. All Improvements and Appurtenances Included: Rosebushes to remain with seller Wood Infestation Report: Current termite contract transferred at sellers' cost not to exceed $400 Closing Date: Sale to close no sooner than and no later than Title: Title to be taken in names of Joseph Bright and Susan Bright, husband and wife, joint with rights of survivorship. Possession: At closing Tapes 600 a year. Insmane 800 a year Purchase Agreement Case Study 1 Revised 10/8/2004 ESTIMATED CLOSING COSTS PURCHASER: SELLER: ADDRESS: SALES PRICE: SELLER PURCHASER BROKER'S FEE ORIGINATION FEE DISCOUNT POINTS TITLE INSURANCE DEED APPRAISAL CREDIT REPORT ATTORNEY'S FEE SURVEY TAX SERVICE FEE RECORDING FEES UNDERWRITING FEES TERMITE LETTER INSPECTION FEES HOME WARRANTY PREPAID ITEMS TOTAL The undersigned is aware that the above mentioned items are to be construed as an ESTIMATED Closing cost statement and may or may not match final closing figures. This form is required by Alabama State License Law. REAL ESTATE PROFESSIONAL: SELLER(S) PURCHASER (S) PURCHASE AGREEMENT CASE STUDY Please fill out a purchase agreement using the following information. Use today's date and time. Agency XYZ Realty represents both the seller and the buyer. XYZ Realty is both listing and selling company. Property. 222 Elm Street Mobile, AL 36695 Legal Description: Lot 1 Unit 2 Sunset Hills Price: Buyers offer $150,000. List price is $160,000 Terms: 30 year conventional loan at 5.5% interest rate, with 5% down payment, apply for mortgage within 5 business days from acceptance of offer, no discount points paid by buyer and seller, repairs limited to $500 for mortgage/loan purposes Survey. New survey to be provided by seller & ordered by listing co. Professional inspection: Subject to a professional inspection with results communicated to seller within 5 business days from acceptance of offer, utilities provided by seller Miscellaneous: House was built in 1971; seller will have all utilities on for all inspections including walk-through; Home warranty. Was not offered at time of listing and buyer will request a home warranty from ABC Corporation to be ordered by listing broker and paid by seller. All Improvements and Appurtenances Included: Rosebushes to remain with seller Wood Infestation Report: Current termite contract transferred at sellers' cost not to exceed $400 Closing Date: Sale to close no sooner than and no later than Title: Title to be taken in names of Joseph Bright and Susan Bright, husband and wife, joint with rights of survivorship. Possession: At closing Tapes 600 a year. Insmane 800 a year Purchase Agreement Case Study 1 Revised 10/8/2004 ESTIMATED CLOSING COSTS PURCHASER: SELLER: ADDRESS: SALES PRICE: SELLER PURCHASER BROKER'S FEE ORIGINATION FEE DISCOUNT POINTS TITLE INSURANCE DEED APPRAISAL CREDIT REPORT ATTORNEY'S FEE SURVEY TAX SERVICE FEE RECORDING FEES UNDERWRITING FEES TERMITE LETTER INSPECTION FEES HOME WARRANTY PREPAID ITEMS TOTAL The undersigned is aware that the above mentioned items are to be construed as an ESTIMATED Closing cost statement and may or may not match final closing figures. This form is required by Alabama State License Law. REAL ESTATE PROFESSIONAL: SELLER(S) PURCHASER (S)