Bellesara Purchase & Sale Checklist

Transcription

1 Purchase & Sale Checklist Buyer Name: Address: MLS #: Lot # PLEASE O NOT INCLUE FORM 22K - UTILITIES, FORM 26 PRESALE AENUM OR FORM 35 INSPECTION. All of this is covered in the Bellesara Purchase Addendum Please use the following forms: One Page Bellesara Purchase Form/ Buyer Information Form* Purchase & Sale Agreement Form 21 Financing Addendum* or Evidence of Funds for Cash Buyers (Form 22EF) Form 22A --Please be sure one of the options is checked depending on funds availability. Optional Clauses* Form 22 --o not add Home Warranty Info covered in Builder s Addendum Legal escription* Bellesara Purchase Addendum* Notice to Buyers/Addendum A Walk-through Instructions* Notice to Buyers/Addendum B Construction Schedule* Notice to Buyers/Addendum C- Visiting Your Home* Copy of Home Plan initialed* Copy of Plat Map initialed* Initialed Upgrade Sheet included with PSA (only to be used for spec houses under construction)* Standard Features List Agent etail (if available) Copy of Earnest Money Check (made payable to Fidelity) Pre-approval Letter (if using a different lender than preferred lender OnQ) Pre-approval Letter from On Q Financial --See Financing Section of Bellesara Building Addendum. Also noted on One Page Bellesara Purchase Form. Form 17 *Please include on first page of Form 21 on Line 17

2 Purchase Form Buyer Information Lot # Buyer(s): Current Address: Contact Numbers: Cell: Other: Buyer(s) Selling Agent: Agent Phone: Office: Selling Agent Sale etails (Required Field) Selling Office: Cell: NWMLS#: Floor Plan: Lot# Subject to Lot Premium + Base List: Total Upgrades/Premiums: TOTAL OFFER PRICE: Earnest Money eposit: $ $6, (Under Construction) or $10, (Presale) -- Please circle **Please make out Earnest Money Check to Fidelity National Title ** SOC Per Listing Agreement: 2.5% of Base Price (minus concessions) -- Selling Agent Initials esired Closing ate (Allow 6 Months for Presale): Offer Contingent on Sale of Buyer s existing home - Address or MLS# OFFER IS SUBJECT TO BUYERS APPROVAL OF STANAR SPECS AN UPGRAE OPTIONS Financing Information *Buyer qualified with Preferred Lender? Yes No Lender Name: Buyer Prequalified: Yes No Loan Officer: Office Phone: Cell #: Type of Loan: VA FHA CONV CASH Other own Payment % *Buyer must pre-qualify with awn James with On Q Financial within 3 days of Mutual Acceptance of this offer. Please call or dawn.james@onqfinancial.com. Buyer: ate: Buyer: ate: Please submit this form to Ed Aro: EdAro@Windermere.com OR Fax Buyer acknowledges that this Purchase Form is intended to serve only as the basis for negotiating an agreement between the parties. Further negotiations are contemplations, although neither party is bound to continue negotiations. Neither party will be bound unless and until a definitive agreement has been executed and delivered by both parties. Neither party will rely on this form as binding on the other; any such reliance would be imprudent and unreasonable.

3 Purchase Addendum 1 The following is part of the PURCHASE AN SALE AGREEMENT, dated, 2 between Rush Residential Inc. (Seller) and 3 (Buyer) concerning the property legally described as: Lot, Bellesara 4 in the City of Gig Harbor, Pierce County, Washington, with Home Plan:. 5 IT AS AGREE BETWEEN BUYER AN SELLER AS FOLLOWS: 6 Earnest Money: Earnest Money shall be $6, (Under construction) or $10, (Presale) paid to Fidelity Title Company, and credited to the Buyer at closing. Earnest Money is 8 considered a non-refundable construction deposit upon removal of the financing contingency or 9 30 days after Mutual Acceptance, whichever is first. 10 Closing Agent shall be Fidelity Title Company, 5201 Olympic rive NW, Suite 170, Gig 11 Harbor, WA Office # , Fax # Seller receives a Builder s 12 discount rate on the escrow fee, which does not affect Buyer s normal competitive rate. 13 A Standard Title Insurance Policy shall be ordered through Fidelity Title Company. 14 This offer IS or IS NOT, contingent upon the sale of the Buyers home. 15 This home is: (Check One) 16 To Be Constructed (Pre-Sale): The Standard Features Exhibit is hereby attached and 17 incorporated into this agreement as Exhibit A-1. Options and upgrades may be selected per 18 Buyer Selections Section. 19 Under Construction: The Standard Features Exhibit is attached and incorporated into this 20 agreement as Exhibit A-1. Options and upgrades not already ordered may be selected per 21 Buyer Selections section. 22 Complete: It is offered AS IS. Buyer confirms that installed features and options are 23 satisfactory. The Standard Features Exhibit is attached for information only. 24 Buyer confirms receipt of the following: 25 Covenants, Codes and Restrictions (CC&R s) 26 Home Buyers Warranty Bellesara Community Association: Upon closing, Buyers pay a $ initial fee ($ Capital Contribution; $75.00 new member fee). These fees are subject to change at any time 29 prior to closing. Buyer (Initials) ate Buyer (Initials) ate Page 1 of 10 Revised 6/20/2016

4 Purchase Addendum 30 Monthly dues are set by the Homeowners Association and are subject to change at any time. 31 Currently the monthly dues are set at $ per month. Please refer to recorded CC&R s for 32 payment processing and terms (See Homeowner Association and ues). 33 Completion, Closing ate, Possession and Keys: 34 Completion is defined as when the permitting authority issues a Certificate of 35 Occupancy. The exact completion date is not guaranteed. Buyer will be notified when 36 construction is approximately 45 days from completion. A walk through/home owner 37 orientation will be scheduled approximately 2 weeks prior to completion and done prior 38 to closing. 39 Closing ate: Unless the home is already complete, the closing date contained in this 40 agreement is only a best estimate of completion. Closing dates may be delayed when 41 contingencies are not removed by the dates specified or the completion date must be 42 extended by the Builder. This transaction is considered closed once the closing agent 43 reports recording numbers to Builder. 44 Buyer may take Possession of the home when the transaction is closed. Keys will be 45 available to the Buyer at the Sales Center once closing is confirmed. 46 Penalty for Failure to Close on time: Unless otherwise agreed to in writing, Buyer must close 47 within 5 days of issuance of the Certificate of Occupancy or pay a penalty of $150 per day to 48 Seller. 49 Automatic Extension: If construction cannot be completed prior to the closing date, Seller is 50 granted an automatic extension until Seller has obtained a Certificate of Occupancy. The 51 extension shall not exceed 4 months from the original closing date. 52 Removal of Contingencies: All contingencies expire and are considered waived within days of mutual acceptance unless otherwise agreed in writing. 54 Home Sale Contingency: 55 Acceptable Price Opinion: If this Purchase and Sale Agreement is contingent upon the 56 successful sale and closing of Buyer s current residence, then Seller s acceptance herein is 57 subject to Seller s determination of the strength and soundness of Buyer s Broker s price 58 opinion. Buyer or Buyer s Agent will provide said Broker s price opinion within 3 days of 59 mutual acceptance. Seller will have 3 days to review and disapprove the Broker Price 60 opinion in writing or it is deemed acceptable. 61 Property to remain on market: The Seller shall keep the property on the market and shall 62 continue to show it until the Buyer removes this contingency. If the Seller receives and Buyer (Initials) ate Buyer (Initials) ate Page 2 of 10 Revised 6/20/2016

5 Purchase Addendum 63 acceptable offer prior to Buyers removal of this contingency, the Seller shall give the Buyer 64 notice of Seller s intent to terminate this agreement. The Buyer shall then have 2 business 65 days to waive this contingency. 66 Construction elays: Permits are not ordered and construction will not begin until all 67 contingencies are removed in writing. If, for the Buyer s convenience, construction is delayed 68 past the agreed upon contingency removal dates, the Seller may choose to terminate the 69 agreement or adjust the purchase price to reflect any market changes Financing: 72 Rush Residential has determined that it is in both Buyer s and Seller s best interest to work with 73 an experience new construction local lender and offers incentives to the Buyer to do so. The 74 Preferred Lender for Rush Residential is: 75 awn James 76 Phone: On Q Financial, Hollycroft St, Suite 360, Gig Harbor, WA Other Lenders: The Buyer is not obligated to use the Preferred Lender for financing. 80 Loan Application within Three ays: The Buyer must make loan application with the 81 Preferred Lender, regardless of type of financing (i.e. Cash, Conventional, etc.), within three (3) 82 days of mutual acceptance of this offer. The Preferred Lender, and any other lender must 83 provide a loan qualification letter to Rush Residential, within 5 days of mutual acceptance. 84 Selection of Lender and Loan Commitment Letter: The Buyer must notify the Seller of 85 selection of lender by providing an acceptable loan commitment letter from that lender to the 86 Seller within Fourteen (14) days of mutual acceptance. If an acceptable loan commitment letter 87 is not received in this time, the Buyer must waive any financing contingencies or the Seller may 88 rescind this agreement and return the earnest money. Buyer may not change lenders without 89 written approval of the Seller. 90 FHA/R/VA Financing: Seller shall not be responsible for Buyer s loan settlement costs that 91 the lender is prohibited from collecting from the Buyer under VA/R/FHA regulations. Seller 92 shall not be responsible for payment of Buyer s portion of escrow fees. In the event Seller 93 agrees to pay any portion of Buyer s closing costs, said costs shall be deducted from other 94 credits Seller has offered, such as Buyer s loan and settlement costs. 95 Selection of the Preferred Lender will entitle Buyers to additional incentives: 96 Closing Credit of up to $2, is available to Buyers financing with the Preferred Lender. It is 97 applied at closing towards allowable closing costs or design options. Buyer (Initials) ate Buyer (Initials) ate Page 3 of 10 Revised 6/20/2016

6 Purchase Addendum 98 This credit is not available for offers that are contingent upon the sale of Buyers current home 99 unless Seller agrees in writing to the sale price of the Buyers property. 100 If buyer closing costs are agreed upon and no design options are chosen: up to $2,500 is paid by 101 the Preferred Lender, the balance is paid by Rush Residential. 102 Reduction of non-refundable option deposits: (See Options Section) 103 Forfeit of Incentives: If the Buyer receives incentives for using the Preferred Lender and 104 Changes lenders prior to closing, all incentives received are forfeited and all deposits owed are 105 due and payable immediately. If the payment is not made within 5 days of approval of change of 106 lender, the Seller may terminate this agreement and retain all deposits Price increase to cover closing costs: In the event that the purchase price is raised to cover 109 closing costs, etc. an additional 10% closing fee will be added for the increased amount. 110 Commissions are paid on the base price only. 111 Seller not responsible: The Seller is not responsible the for expiration of the Buyers loan 112 commitment, penalties, loan fees or any other costs due to the estimated completion date not 113 being met. 114 Buyer Responsibility to Inform Selected Lender: THE BUYER AGREES TO ENSURE 115 THAT THE LENER AN ANY OTHER INTERESTE PARTY IS MAE AWARE OF THE 116 FINANCIAL TERMS OF THIS AGREEMENT. 117 Personalizing your home: 118 esign Consultant: Within five (5) days of mutual acceptance, the Seller s esign 119 Consultant will contact the Buyer and will provide the Buyer with up to eight (8) hours to 120 assist with the selection and pricing of the design selections. Additional esign Consultant 121 time may be billed at $75 per hour. Please note that design meetings are held on weekdays 122 with start times offered between 9:00AM and 3:00PM. 123 esign Selections: Buyer selection of non-standard options, modifications, and colors, 124 lighting, carpet and hard surfaces not already ordered must be completed within 14 days of 125 mutual acceptance. Extension of this selection period must be made in writing and may 126 invoke the Construction elay clause Options paid in advance: All design selected options are to be agreed upon and paid for 129 in full within 14 days of mutual acceptance of this agreement. All upgrades must be 130 purchased through Seller and paid for at the time order is placed. These funds are non 131 refundable at the time order is placed. Option payments are as follows: 132 Preferred Lender Clients: 50% own Plus the balance on a promissory note due at 133 closing, contract rescission or in the event Buyer changes of lenders. Buyer (Initials) ate Buyer (Initials) ate Page 4 of 10 Revised 6/20/2016

7 Purchase Addendum 134 Other Lender Clients: 100% own. 135 Plan Modifications: 100% deposit of $5,000 plus the minimum price of at least 136 $1,200 for options or upgrades that involve the modification of wood or sheetrock. 137 Inclusion of these modifications is at the Seller s sole discretion and requires a pre 138 paid $250 review fee. 139 Price increased to cover options: The Purchase Price shall be increased to cover 140 the cost of options with advance payments being credited to Buyer at closing. 141 Termination based on design selections: Should the Buyer be unable or unwilling to 142 continue at the end of the design selection period, this agreement will be terminated and the 143 Earnest Money will be returned to the Buyer. 144 Unused esign Credits: In the event that Seller provided design credits are not fully used 145 within 30 days of mutual acceptance of this agreement, the unused portions are 146 surrendered back to the seller and are no longer redeemable. If an upgrade is not installed, 147 the Buyer will be refunded the money paid for the upgrade as the sole and exclusive 148 remedy. 149 Buyer Requests for Modification: Requests for modifications after the end of the option 150 selection period must be submitted to the esign Consultant in writing and accompanied by a 151 non-refundable review fee of $ Appraisal: Should the purchase price be increased to cover closing costs or Buyer selected 153 options and the appraised price fails to meet the agreed sales price, Buyer must pay the 154 difference between the sales and appraised price in cash directly to the Seller. 155 Installation of options after closing: Options not paid in advance or not required for 156 construction or appraisal purposes may be installed after closing unless otherwise agreed. 157 Construction: 158 Home Placement and exterior finish: The Seller has sole discretion as to the selection 159 and placement of the home on the lot. If the construction of the home is subject to the 160 approval of the Architectural Control Committee (ACC), Buyer agrees to abide by any ACC 161 ruling. 162 Plans & esigns: Plans, drawings, specifications and design materials shall remain the 163 sole and exclusive property of the Seller and will not be available to Buyer. 164 Insulation Values: All homes are Code Compliant and are subject to Local Energy Codes. 165 Ceiling R-38 or R-49, depending on local codes, at approximately 10-12, Interior home 166 Walls R- 21 at approximately 5-5/8 thick, Floor R-30 at approximately 9-1/2 thick. Garage 167 walls not required by code to be insulated are drywall only. Buyer (Initials) ate Buyer (Initials) ate Page 5 of 10 Revised 6/20/2016

8 Purchase Addendum 168 Plan Variations: No two homes are built exactly alike. It is not uncommon to have 169 differences in style of concrete, landscaping, framing, wiring, cabinets, windows etc. All 170 homes are built with the same quality materials, but the above-mentioned items can and do 171 vary from home to home. These variations are not considered defects and will not be 172 changed. 173 Seller Modifications: Seller reserves the right to modify floor plans, exteriors, specifications, features, product types and substitute items of comparable quality without 174 notice or obligation, in order to accommodate governmental / agency requirements or 175 availability. 176 Access to Property by Buyer: YOUR NEW HOME IS AN ACTIVE CONSTRUCTION JOB 177 SITE AN IS A ANGEROUS PLACE. The property belongs to the Seller until closing and 178 only the Seller and the Seller s sub-contractors are authorized to enter the home and/or do 179 work on the home or premises for any reason. The Buyer agrees not to enter onto property 180 or inside home during construction without consent of the Seller or Seller s Agent. Buyer is 181 expressly denied permission to perform any work on the property prior to closing. 182 No Verbal Representation: All questions regarding the new home shall be submitted to 183 The Seller or the Seller s Agent in writing and only written responses shall be relied upon. 184 Realtors, Subcontractors, and Field Superintendents are not authorized to make 185 representations for the Seller and the Buyer is cautioned not to make verbal inquiries or rely 186 on any verbal representations. 187 Questions about your home: Questions will arise during completion of your home. 188 Questions About My Home Forms are available in the Sales Office. Questions submitted 189 on these forms will receive a response in about 2 business days. Sales staff, production 190 staff and sub- contractors cannot respond to production questions without approval of the 191 superintendent. 192 New Home Orientation: The Seller will schedule a new home orientation for the Buyer prior to 193 closing. Only the Buyers and the Seller representative should be present. Any item(s) requiring 194 additional attention, and noted at the new home orientation, will be completed as soon as 195 reasonably possible; but in no event will delay the closing process. Minor defects or deficiencies 196 in construction, appliances, equipment or landscaping shall not justify the Buyer s refusal to 197 close this transaction, at contract price, within the time provided. After closing, Buyer 198 acknowledges that it is Buyer s sole responsibility to provide access to home and property 199 during Seller s normal working hours to ensure prompt correction of any deficiencies. 200 Buyer s Third Party Home Inspection: The Seller encourages the Buyer to have the property 201 inspected by a licensed home inspector prior to New Home Orientation. Inspections must be 202 performed after installation of carpet and all fixtures and appliances, and at a mutually agreed to Buyer (Initials) ate Buyer (Initials) ate Page 6 of 10 Revised 6/20/2016

9 Purchase Addendum 203 time during normal business hours. Inspection must be delivered to Seller prior to the New 204 Home Orientation and Closing. All inspections must be scheduled through the Seller s Agent 205 with access and timing approved by Seller. Inspection reports submitted to the Seller must 206 include a copy of the inspector s license and credentials. Seller agrees in advance to correct 207 items required by local building code, items required to obtain final Certificate of Occupancy and 208 items that do not meet Rush Residential standards as stated in the HBW 2-10 WARRANTY. 209 Any items noted by the inspector that do not fall under these requirements may not be 210 completed by the Seller and shall not be cause to terminate the sale. The terms of NWMLS 211 Form 35 are superseded by this agreement. 212 HOME BUYER WARRANTY 2-10: The only warranty expressed or implied provided by the 213 Seller is the HBW 2-10 Warranty, which by reference is incorporated herein as if fully set forth. 214 No other warranties are given, expressed or implied and the Buyer agrees to accept the 215 property and the home constructed thereon in AS IS condition. THE PARTIES AGREE 216 THAT IN THE EVENT THERE IS ANY ISPUTE OR ISAGREEMENT BETWEEN THE 217 PARTIES OR ANY ISSUE CONCERNING THE WARRANTIES GIVEN HEREUNER, ALL 218 SAI ISPUTES SHALL BE RESOLVE BY MANATORY BINING ARBITRATION AS IF 219 SPECIFICALLY SET FORTH IN THIS AGREEMENT. The Buyer, by initialing herein, agrees to 220 be bound by all of the terms and provisions of this paragraph. 221 Manufacturer Warranties: Certain Manufacturers provide warranties that are direct between 222 Buyer and Manufacturer, for example appliances. At the time of Home Orientation, Seller shall 223 provide information and assign all applicable manufacturer warranties to Buyer ispute Resolution: 226 Prior to Closing: In the event there is any dispute or disagreement of any kind between 227 Buyer and Seller, the Seller, at its sole option, shall have the right to rescind the Purchase 228 and Sale Agreement by giving written notice to the Buyer, together with a return to the 229 Buyer of that portion of earnest money and option deposits which have not been expended 230 on the Buyer s behalf. Upon receipt of this notice by the Buyer or Buyer s agent, the 231 Purchase and Sales agreement will be immediately terminated. Buyer agrees that in the 232 event the seller makes such an election, that the refund of these funds shall be their sole 233 and exclusive remedy as to any claims the Buyer may have against the Seller arising out of 234 or in connection with this agreement. 235 After Closing: 236 Builders Warranty Claims: Buyer shall present all claims for breach of the Home Buyers Warranty within 30 days of the time that Buyer discovered, or in the exercise of 238 reasonable diligence, should have discovered the defect. All such warranty claims shall be 239 made in accordance with the Home Buyers 2-10 Warranty, a copy of which Buyer 240 acknowledges having received. 241 Non Warranty Claims: All claims, disputes and controversies arising out of or relating to 242 this Purchase and Sales Agreement and all attached addendums other than those provided Buyer (Initials) ate Buyer (Initials) ate Page 7 of 10 Revised 6/20/2016

10 Purchase Addendum 243 in the immediately two preceding paragraphs entitled ispute Resolution: Prior to Closing, 244 ispute Resolution shall be commenced by providing written notice of the claim or dispute 245 to the other party. In the event that the parties have failed to resolved the claim or dispute 246 within 30 days of such notice, as a precondition to any other method of dispute resolutions, 247 Buyer or Seller must commence action of the claim or dispute at the Pierce County Center 248 for ispute Resolution. Each party will pay one-half of the cost of such mediation. Notice of 249 a request for such mediation shall be sent by the requesting party to the other party by 250 certified mail, return receipt requested. 251 In the event that the claim or dispute is not resolved in mediation, either party may 252 Commence arbitration proceedings before a single arbitrator pursuant to RCW Each 253 party shall pay one-half of the cost of the arbitrator. Neither party shall be entitled to 254 attorney s fees or costs from the other party. This provision regarding attorney s fees shall 255 supersede any other provision contained in the Purchase and Sale Agreement or any 256 addendums thereto-regarding attorney s fees. The arbitrator shall conduct the arbitration 257 hearing at a time and place set provided that such hearing must occur within 90 days of the 258 appointment of the arbitrator. The decision of the arbitrator shall be issued within 30 days of 259 the hearing and shall be final and judgment may be entered upon or in accordance with the 260 applicable law of any court having jurisdiction thereof. 261 Attorney s Fees: In the event arbitration proceedings are instituted pursuant to the 262 provisions of this Agreement, each party shall be responsible and pay for all of said party s 263 attorney s fees and costs and that neither party shall recover reimbursement of attorney s 264 fees from the other. However, in the event the Buyer, in violation of the provisions of this 265 Agreement, institutes a legal action in Superior Court and the seller is successful in 266 dismissing said action in having the matter submitted to arbitration as provided for under the 267 terms of this agreement, then in that event the Buyer shall pay the attorney s fees of the 268 seller inundating such dismissal and order requiring arbitration. 269 Arbitration Of Warranty Claims: All claims, disputes and controversies between Seller and 270 Buyer arising from or relating to alleged defects in the home or the Property which are asserted 271 by Buyer after the Buyer s closing of the purchase of the Property shall be submitted to binding 272 arbitration commenced and conducted in accordance with the arbitration provision of the most 273 recent edition of the HBW 2-10 Warranty, as published on the date of the execution of this 274 Agreement and has been made available to the Buyer and is incorporated into and made part of 275 this agreement by reference. 276 Homeowner s Association & ues: Upon closing, Buyers will become members of the 277 community Homeowner Association (HOA), a non-profit corporation organized under the laws of 278 the State of Washington. This association provides for the assessment and collection of a one- 279 time initial fee from each Buyer. This fee is collected at closing and will be paid directly to the 280 HOA, to partially reimburse expenses for neighborhood improvements, maintenance, and 281 capital reserves, on behalf of the Association. The HOA will also assess annual dues for each 282 lot owned by each member to maintain and improve common areas. The monthly dues shown Buyer (Initials) ate Buyer (Initials) ate Page 8 of 10 Revised 6/20/2016

11 Purchase Addendum 283 on page 2 represent the known dues for the current fiscal year and will be prorated at closing. 284 These dues are subject to change at any time. Please refer to the recorded CCR s for payment 285 processing and terms. 286 General Provisions: Model Homes: Interior and exterior decorations and appliances, such as window coverings, 289 valances, washer, dryer, and refrigerator are displayed in the model home for illustration 290 purposes only. Model homes may also feature security systems, decorative wall paint, 291 optional cabinetry and millwork, upgraded landscaping, decking, and/or patio, exterior 292 lighting and/or lampposts, which are not included in the base price of the home. The Buyer 293 has received the Standard Features Addendum and has not relied on verbal representation. 294 Purchasing a Model Home: If the property is a home that has been used as a display model, 295 Buyer accepts the home in its existing condition unless otherwise agreed in writing. 296 Included Items: NWMLS Form 21, Line 5 is waived. The stove/range, dishwasher, garbage 297 disposal and microwave are included in the base price of the home. All other appliances 298 screens, fences, garage door openers, etc. are options unless specifically listed in the Standard Features Addendum. 299 Utilities: NWMLS Form 22K is waived. The Seller will provide a list of utilities at the 300 Homeowner Orientation. Buyer agrees to notify utilities companies (gas, water, sewer, 301 electricity,etc.) and make necessary arrangements to transfer billings effective as of the date 302 of closing or possession, whichever is first. 303 Easements: The Buyer acknowledges that the property may have easements and accepts 304 This at the time of signing this agreement. 305 Buyer obligation to Verify: The Seller, Listing Broker, and Selling Broker make no 306 representations concerning: (a) the lot size; (b) the square footage of any improvements on 307 the Property; (c) whether there are any encroachment (fences, rockeries, buildings) on the 308 Property, or by the Property on adjacent properties. Buyer agrees to verify lot size, square 309 footage, and encroachments to Buyer s own satisfaction. 310 Commissions: The commission rate to Selling Broker is 2.5% of list price and included 311 packages (interior, exterior, garage extension, and lot premium) only if included in list price. 312 Commissions are not paid on individual upgrades, custom changes, fees, or anything added 313 after mutual acceptance of the agreement. 314 Buyer Expenses: Seller is not responsible for rent, storage, or any other expenses related 315 to the Buyer moving into the home. Buyer (Initials) ate Buyer (Initials) ate Page 9 of 10 Revised 6/20/2016

12 Purchase Addendum 316 This Agreement shall supersede and prevail in any conflict between the NWMLS Form 21, 317 Purchase and Sale Agreement and all addenda to which this is attached. Changes to the 318 standard form of this addendum shall prevail, provided both parties initial them. Buyer ate Buyer ate Scott A Walker Rush Residential, Inc. ate Buyer (Initials) ate Buyer (Initials) ate Page 10 of 10 Revised 6/20/2016

13 Addendum A This is part of the Purchase and Sale Agreement dated Buyers Name: Property Address: Notice to Buyers and Selling Brokers Closing Procedures Agreement: Rush Residential representative will contact the buyer and schedule a new homeowner orientation (walk through) approximately 14 days before scheduled completion of the home. Any items in need of correction will be documented at the orientation. Rush Residential will make every effort to complete the list prior to the closing date. Any items not completed prior to closing will be considered warranty items and completed after closing at the earlier possible time. Buyer must sign off that buyer accepts home as is and that the final Homeowner Orientation Checklist has been finished to obtain keys. Broker and Buyer(s) have read the above, and, by signing underneath agree that they understand and will follow the procedure set by Rush. Buyer ate Buyer ate Selling Broker ate Page 1 of 1

14 Customizing your home Bellesara Addendum B We aim to move every new homeowner into an exceptionally crafted home that will serve and inspire for years to come. We pride ourselves in building homes that offer buyers a chance to express their individual taste. With that comes the indust ry s largest number of standard selections as well as 100 s of options to make each home as individual as the buyers we serve. Upon mutual acceptance, the Buyer will be contacted within 5 business days by the Rush esign Consultant who will assist with design selections and option pricing. The design meeting will generally take about 2 hours and will include all color and design selections as well as option pricing requests. The Buyer has 14 days from the time of the design meeting to finalize selections and options. Please note, design meetings are held weekdays with start times offered between 9:00AM and 3:00PM. Option payments are due at the time selections are finalized. If using the preferred lender a 50% deposit of all upgrade options are required. A 100% deposit is required by those choosing an alternate lender Options impacting framing or drywall changes require a non-refundable deposit. At the builders discretion, options chosen that effect drywall and framing may carry with them an additional non-refundable deposit applied to the purchase price at closing. Eight hours of the design consultant's time is included in the selection process. esign Time in excess of the (8) hours will be billed at $75 an hour. Customized design requests will be considered. These out of scope requests will require additional design, management and coordination and carry a $ $ customization fee (dependent upon the complexity of request) in addition to the cost of the upgrade. In some instances the fee will be credited to the cost of the upgrade, this will be communicated through the des ign consultant. Available design choices are dependent upon the phase of construction when the home is purchased. Outlined below are the guidelines for availability of selections. While changes to design and selection are possible, there are impacts to cost, per mitting, engineering, and schedule delays. Some selections carry with then significant restock and cancellation fees. If the building permit has been received all foundation, framing, elevations, exterior colors and windows have been determined and confirmed. If framing has begun, all rough in plumbing, heating and electrical selections have been determined and confirmed. If the roof is being installed, all cabinet, millwork and paint selections have been determined and confirmed. If the drywall is being installed all selections for the homes have been determined and finalized. No changes are allowed at that time. 45 days prior to completion any last minute touches, such as, garage door openers, blinds, or non- standard appliances can be ordered. A full listing is available through the esign Consultant. Your home is in the building phase circled above, this determines your customization and selection parameters. The esign Consultant is available throughout the building process to answer or field any questions regarding the home. Buyer ate: Page 1 of 1

15 Addendum C This is part of the Purchase and Sale Agreement dated Buyers Name: Property Address: Notice to Buyers and Selling Brokers Visiting Your Home during the Construction Process: Rush Residential makes every effort to accommodate clients excitement to visit the home throughout the construction process. However, it is important to be aware that due to liability and insurance issues, Rush Residential s construction workers cannot work while separate 3rd parties are present in the home (buyer, agents, etc). ue to the increase of buyer's home visits during the work week, Rush requires that all buyer visits take place on the weekends or after normal construction hours with their agent present and with an appointment made through the Listing Office. Please understand that any impromptu drive-bys or visits can cause production delays. All questions should be submitted to Rush through the Listing Office. The workers at the site may give misinformation without realizing it. Please see the Builder Addendum Lines By signing this form, you understand the above restrictions, and agree to abide by the set forth rules. Buyer ate Buyer ate Selling Broker ate Page 1 of 1

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20 Form 17 Seller isclosure Statement Rev. 7/15 Page 4 of 6 5. SYSTEMS AN FIXTURES SELLER ISCLOSURE STATEMENT IMPROVE PROPERTY ( Continued) 'A. If any of the following systems or fixtures are included with the transfer, are there any defects? If yes, please explain: _N_I_A Electrical system, including wiring, switches, outlets, and service... 0 Plumbing system, including pipes, faucets, fixtures, and toilets... Hot water tank... Garbage disposal... Appliances... Sump pump... Heating and cooling systems... 0 Security system: Owned Leased... Other NIA..... s. If any of the following fixtures or property is included with the transfer, are they leased? (If yes, please attach copy of lease.) Security System:,;N / A Satellite dish: N/A Other: N/A c. Are any of the following kinds of wood burning appliances present at the property? (1) Woodstove?... (2) Fireplace insert?... (3) Pellet stove?... (4) Fireplace?... If yes, are all of the (1) wood stoves or (2) fireplace inserts certified by the U.S. Environmental Protection Agency as clean burning appliances to improve air quality and public health?... Tanks (type): NIA Copyright 2015 Northwest Multiple Listing Service ALL RIGHTS RESERVE Is the property located within a city, county, or district or within a department of natural resources fire protection zone that provides fire protection services? E. Is the property equipped with carbon monoxide alarms? (Note: Pursuant to RCW , Seller must equip the residence with carbon monoxide alarms as required by the state building code.)... Iii F. Is the property equipped with smoke alarms?... Ii!! 6. HOMEOWNERS' ASSOCIATION/COMMON INTERESTS A. Is there a Homeowners' Association? Name of Association and contact information for an officer, director, employee, or other authorized agent, if any, who may provide the association's financial statements, minutes, bylaws, fining policy, and other information that is not publicly available: iamond Community Managemt B. Are there regular periodic assessments? $ 1, per month Ii!! year Ii!! Other : Capital Contribution= $575; ues paid Quarterly *C. Are there any pending special assessments?... 0 *. Are there any shared "common areas" or any joint maintenance agreements (facilities such as walls, fences, landscaping, pools, tennis courts, walkways, or other areas co-owned in undivided interest with others)? Ii!! YES NO N'T N/A 148 KNOW ENVIRONMENTAL *A. Have there been any flooding, standing water, or drainage problems on the property that affect the property or access to the property?... *B. oes any part of the property contain fill dirt, waste, or other fill material?... c. Is there any material damage to the property from fire, wind, floods, beach movements, earthquake, expansive soils, or landslides? Are there any shorelines, wetlands, floodplains, or critical areas on the property?... Ii!! *E. Are there any substances, materials, or products in or on the property that may be environmental concerns, such as asbestos, formaldehyde, radon gas, lead-based paint, fuel or chemical storage tanks, or contaminated soil or water?... 0 *F. Has the property been used for commercial or industrial purposes? P:,,e-;::;,?/ :2.? I;.( SELLER'S INITIALS ate SELLER'S INITIALS ate

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