Scenario $($fictional$)$: Robert G$.$ and his wife, Carla S$.$ Pelling, want to purchase Raul and Stella Velasquez's home at $7$ Talon Drive in Fort Worth, Texas $76179.$ It has been on the market for two days and is listed at $$860,900.$ The Pellings want to offer $$850,000$ for the home. Although not included in the MLS listing, they want the above$-$ground pool to be conveyed to them along with the pool table in the three$-$car garage. The home is listed in the Bexar County records as $2012-$TAl$-04212,$ recorded plat $32191$ block $38.$

The realtor, who is the buyer's agent, recommended that the Pellings increase their offer because this fourbedroom, three$-$bath, $2,900-$square$-$foot home is located in a desirable neighborhood that the agent believes justifies the higher price.

Recommend an appropriate contract for the Pellings as their real estate agent based on the template provided by inserting the appropriate information to complete the purchase agreement.

Checklist: Download the purchase agreement template $,$ then address the following:

Part $1$:

Search for similar properties on your choice of real estate websites and determine if the seller's asking price warrants an increased offer.

Determine a price based on your research for inclusion in the agreement as if the buyer had agreed.

Thoroughly complete the entire template.

At the bottom of the purchase agreement template, address the following items:Part $2$:

Justify the price you determined was appropriate and that you recommended to the clients to be included in the purchase agreement.

Justify the personal property to be included in the purchase agreement, including any appliances.

Once the seller has received the agreement, the seller returns the agreement with a counteroffer to the buyer.

The buyer now wants to add an item they want included in the sale written into the contract, initials the change, and returns the contract to the seller via certified mail.

Recommend the next steps to ensure the sale goes through and explain why.Unit $7$ Part $1$: Purchase Agreement

This document represents a binding contract between the purchaser$($s$)$ and the seller$($s$).$

The following broker or attorney represents the buyers$/$sellers or both $($highlight one$)$ in this transaction:

Broker: $q,$ Attorney $q,$ on this day ol $($mo$.)$ of $($year$).$

Contract parties: Full legal name$)q,1q,$ purchaser$($s$)($full legal name$($s$)$ and purchaser$($s$)($full legal name$($s$)$ offer and agree to purchase from seller$($s$),$ upon the terms and conditions set forth, the property legally described as:

Earnest money in the amount of $ $q,$

$q,$ dollars in the form of $($cash$)$ ol $($check$),$ unless otherwise noted here, will be deposited on the next banking day following the date of this agreement, the entire earnest amount to the trust account set up in the name of the buyer$/$seller broker's account. Additional earnest money provisions: