SELLER COUNTER OFFER No. 01
CALIFORNIA May not be used as a multiple counter offer.
ASSOCIATION (C.A.R. Form SCO, Revised 6/23)
OF REALTORS* Date 09/21/2024
("Offer").
I Other (Property").
This is a counter offer to the Purchase Agreement. OR ]Buyer Counter Offer No. 00 Graham Ave., Lake Elsinore, Ca. 92530 ("Buyer")
dated 09/19/2024. on property known as Jason Simpson, city manager, City of Lake Elsinore ("Seller"). between Brian Lam
and
Buyer and Seller are referred to as the "Parties." TERMS: The terms and conditions of the above referenced document are accepted subject to the following:
1. The Liquidated Damages and Arbitration of Disputes paragraphs in the Offer each require initials by all Parties. If either of by all Parties, that paragraph is excluded from the final agreement unless specifically A.
referenced for inclusion in paragraph 1D of this or another Counter Offer or an addendum. those paragraphs is not initialed B. Unless Otherwise Agreed or altered in another Counter Offer, down payment and loan amounts) will be adjusted in the same proportion as in the original Offer, but the dollar amount of any initial and increased deposit and Seller credits shall remain Unless Otherwise Agreed or altered in another Counter Offer, if in the original offer (such as paragraph 3L(2) of the RPA) the unchanged from the original Offer.
C. appraisal contingency amount is lower than the original offered price, then the dollar amount of any difference (Appraisal Gap) shall remain unchanged and be deducted from the final contract price to create the final appraisal contingency amount. he "Appraisal Gap" is $50,000, If the purchase price is increased to $1,200,000 as a result of this counter offer, the appraisal For example, if the purchase price in the offer is $1,000,000, and Buyer reduces the appraisal contingency value to $950,000, contingency value shall be adjusted to $1,150,000 ($1,200,000 less $50,000), If the property appraises below $1,150,000, OTHER TERMS: 1. Final price is $195,000. Initial deposit is $5000. Buyer's choice of escrow & title services. Buyer may exercise the appraisal contingency right to cancel this Agreement.) D.
2. Seller willing to pay for NHD Zone Disclosure report, but not a seperate Environmental report. 1 I Seller willing to pay Buyer's agent comm. 2% of selling price@coe.
The following attached documents are incorporated into this Seller Counter Offer when Signed and Delivered by both Parties E. (if both parties do not Sign and Deliver all attached addenda, then any acceptance of this Seller Counter Offer is not valid):
Addendum No. (C.A.R. Form ADM)
Back Up Offer Addendum (C.A.R. Form BUO) Seller License to Remain in Possession Addendum (C.A.R. Form SIP) (occupancy up to 29 days) Seller Purchase of Replacement Property (CA.R. Form SPRP) Tenant Occupied Property Addendum (C.A.R. Form TOPA)
Residential Lease After Sale (C.A.R. Form RLAS) (occupancy for 30 or more days) Seller intent to Exchange Addendum (C.A.R. Form SXA)
Other
Other
2. EXPIRATION: This Seller Counter Offer shall be deemed revoked and the deposits, if any, shall be returned:
A. Unless by 5:00 PM on the third Day after the date this Seller Counter Offer is signed in paragraph 4 (if more than one signatur then, the last signature date) (or by LAM/ X PM on 09/27/2024 (date)) (i) it is Signed in paragraph 5 by Buyer an (il) a copy of the Signed Seller Counter Offer is Delivered to Seller or Seller's Authorized Agent.
B. OR If Seller withdraws this Seller Counter Offer anytime prior to Buyer's Acceptance by communicating withdrawal to Buyer Buyer's Agent (C.A.R. Form WOO may be used).
C. OR If Seller accepts another offer prior to Buyer's Acceptance of this Seller Counter Offer.
3. MARKETING TO OTHER BUYERS: Seller has the right to continue to offer the Property for sale. Seller has the right accept any other offer received, prior to Acceptance of this Counter Offer by Buyer as specified in 2A and 5. In such eve Seller is advised to withdraw this Seller Counter Offer before accepting another offer.
OFFER: SELLER MAKES THIS COUNTER OFFER ON THE TERMS ABOVE AND ACKNOWLEDGES RECEIPT OF A COF
BY MAKING THIS COUNTER OFFER, ANY PREVIOUS OFFER OR COUNTER OFFER CAN NO LONGER BE ACCEPTE The terms and conditions of those documents are incorporated into this Seller Counter Offer unless Otherwise Agreed.
Seller Brian Lam Date?/
Seller Date
ACCEPTANCE: WE accept the above Seller Counter Offer (If checked SUBJECT TO THE ATTACHED BUYER COUNT OFFER No. and acknowledge receipt of a Copy.
Jason Simpson, elty manager Date 9/24/3024
Buyer
Buyer City of Lake Elsinore Date
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pers of the NATIONAL ASSOCIATION OF REALTORS who subscribe to its Code of Ethics Published and Distributed by.
REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORSE 125 South Virgil Avenue, Los Angeles, Califomla 90020
Revised N/22 /DARE 4 NE 41