Tele: (239) 269-5187/Fax: 866-229-6832 /FSBO@swfloridahome.com

Terms

CONTRACT: A meeting will be held at a specified time and place with the highest and best acceptable buyer. The purpose of the meeting will be to execute the purchase agreement and accept a earnest money deposit, which will be held in the escrow account of a selected law firm. The purchase agreement will be in the form of a real estate sales contract currently used in Collier County, Florida as approved and adopted by the Naples Area Board of Realtors and the Collier County Bar Association. Terms of the contract shall supersede any terms to the contrary contained herein. Failure by the initial successful buyer to sign the purchase agreement and deposit the $200,000 earnest money by the end of the meeting will disqualify that buyer. If the highest buyer is disqualified, the next buyer will be immediately notified.

PURCHASER QUALIFICATION: Successful buyer(s) must initiate financing on the purchase, if applicable, within 24 hours of contract. Proof of the buyer's ability to pay the purchase price, and/or qualify for financing, must be in the form of a written letter of qualification from a financial institution and must be provided along with an additional deposit in the said escrow account sufficient to bring the total deposit to 30% of the purchase price by no later than 4:00 p.m. on date specified at above meeting. Purchaser should plan on conducting the closing on or before the specified date.

Should the highest buyer fail to show his or her ability to pay the purchase price, or meet the requirements for deposit and financing proof within the above specified 10 day period, or prove unable to close this sale within the specified period, the seller reserves the right to terminate the sale process and offer the property to the next highest buyer under the same stipulations. Until a contract is signed, the owners reserve the right to reject any or all offers and terminate the sale process at any time without explanation to any potential buyer.

CLOSING COSTS: All closing costs are at buyer's expense unless otherwise specified. Seller is responsible only for payment of state documentary stamps, preparation and recording of the deed and will provide a credit of $150 toward the cost of an abstract of title or title report for the property. Taxes for current year shall be prorated. The parties will follow the standard expense allocations as provided in the real estate contract.

Sale Postponement / Cancellation: Owner reserves the right to postpone or cancel the sale if, in their opinion, an sufficient number of offers are not received by the final day open to offers or due to unacceptable offers, illness, foul weather or force majeure. In any event the sale may be canceled altogether or postponed at the sole option of the sellers. Notice will be given to all poteinial buyers who are still interested in the property.

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Tele: (239) 269-5187/Fax: 866-229-6832 /FSBO@swfloridahome.com