Confidential — Seller Review Document

Offer Presentation

Offer Received

June 6, 2026

Property

305 Tarpon Point, Tarpon Springs, FL 34689

Sellers

Frank & Laura Sabella

Listing Agent

Matt Vigh

Buyer

Nicole Burk

Buyer's Agent

Katryna Lewis

Brokerage

Realnet Florida

Executive Summary

The following information summarizes the offer submitted for the purchase of 305 Tarpon Point. This presentation is intended to provide a clear and factual overview of the proposed terms for seller review.

A purchase offer has been submitted by Nicole Burk, represented by Katryna Lewis of Realnet Florida, for the purchase of 305 Tarpon Point, Tarpon Springs, Florida 34689.

The offer is accompanied by a lender pre-approval letter and includes conventional financing. The buyer intends to occupy the property as a primary residence.

The seller should evaluate this offer based on purchase price, requested concessions, financing terms, contingency structure, closing timeline, and overall transaction risk relative to any competing offers or market conditions.

Offer Terms Summary

Purchase Price$125,000
Financing Type
Conventional Mortgage Financing
Loan Amount
$117,250
Down Payment
$7,750 (approx. 6.2%)
Earnest Money Deposit
$1,500

Due within 3 days after effective date

Escrow Agent
City Title Group
Seller Contribution Requested
3% of Purchase Price

Estimated Contribution: $3,750

Inspection Period
10 Days
Loan Approval Period
30 Days
Proposed Closing Date
July 10, 2026
Buyer Broker Compensation Requested
2.5% of Purchase Price

Estimated Compensation: $3,125

Buyer Financing Review

Financing Strength Assessment

Lender

Bluegrey Mortgage

Loan Officer

Nelly Tejada

Loan Type

Conventional Mortgage Financing

Loan Amount

$117,250

Pre-Approval Up To

$180,000

Down Payment

$7,750 (approx. 6.2%)

Pre-Approval Status

Buyer has provided a lender pre-approval letter indicating preliminary qualification for financing subject to underwriting, appraisal, title review, and lender requirements. Property intended use: Primary Residence.

Observations

  • Conventional financing generally presents fewer financing restrictions than government-backed loan programs.
  • Buyer is bringing approximately 6.2% down payment ($7,750).
  • Buyer has provided evidence of lender review and preliminary qualification up to $180,000.
  • Final approval remains subject to underwriting, appraisal, title review, and lender requirements.
  • HOA approval and condominium financing requirements create additional contingencies specific to this transaction.

Buyer Agent Comments

The buyer's agent indicated that:

  • Nicole Burk has been actively searching for a long-term home and visited the property multiple times before deciding to submit an offer.
  • The waterfront views, dock access, and Tarpon Springs location were primary factors motivating the buyer's interest in the property.
  • The buyer expressed a desire to make the condominium her permanent residence.
  • This letter is intended to provide personal background regarding the buyer's interest in the property and does not alter any contractual terms.

Contract Timeline

1

Offer Submitted

June 6, 2026

2

Inspection Period

10 Days Following Effective Date

3

Financing Process

Conventional Mortgage Approval

4

Proposed Closing

July 10, 2026

Risk & Consideration Review

Financing Risk

Moderate

Buyer is financing the purchase through a conventional mortgage lender. Final approval remains contingent upon underwriting review, property appraisal, and lender requirements.

Inspection Risk

Moderate

Buyer requests a 10-day inspection period during which inspections and evaluations may be conducted. Buyer may cancel the contract if the property is determined to be unacceptable.

Appraisal Risk

Moderate

Because financing is involved, lender appraisal approval will be required. The contract is contingent upon an appraisal acceptable to the lender.

HOA / Condo Financing Contingency

Moderate

Contract includes an additional contingency: if the HOA does not meet lender requirements for conventional loan approval, buyer may terminate and receive a full refund of deposits.

Positive Factors

Positive Indicators
  • Conventional financing
  • Pre-approval letter provided
  • Buyer intends to occupy as primary residence
  • 10-day inspection period
  • Buyer appears financially qualified for the purchase price
  • Closing date is reasonably achievable

Documents Provided with Offer

✓Buyer Pre-Approval Letter (Bluegrey Mortgage)
✓Buyer Broker Compensation Agreement Request
✓Condominium Rider
✓Lead-Based Paint Disclosure Acknowledgement
✓Proposed Purchase Contract

Condominium Related Terms

Condominium Rider Included

The buyer included a Condominium Rider. Important provisions include:

  • Buyer will receive condominium documents for review.
  • Buyer receives statutory review and cancellation rights provided under Florida condominium law.
  • Association approval is required before closing.
  • Monthly condominium assessment disclosed as $622 per month.
  • Buyer requested condominium meeting minutes, agendas, financial documents, insurance declarations, and other association records if available.

HOA / Condominium Financing Contingency

"This Agreement is contingent upon the HOA meeting the requirements for the Buyer's conventional loan approval. If the HOA does not meet such requirements and Buyer's loan is denied as a result, Buyer may terminate the Agreement and receive a full refund of deposits."

This creates an additional financing-related contingency tied specifically to condominium approval requirements established by the buyer's lender.

Personal Property Included

✓Refrigerator
✓Range
✓Microwave
✓Dishwasher

No additional personal property was requested.

Seller Review Discussion

For Seller Review — Confidential

This page is intended to summarize the terms presented by the buyer and assist in reviewing the offer. No recommendation is being made regarding acceptance, rejection, or counteroffer. Final decisions should be based upon the sellers' objectives, timing, financial goals, and overall comfort with the proposed terms.

Listing Agent

Matt Vigh

Property

305 Tarpon Point, Tarpon Springs, FL 34689

Offer Date

June 6, 2026

View Contract DocumentsSellers Estimated Net

This document is prepared for the exclusive use of Frank Sabella & Laura Sabella and is intended solely for the purpose of offer review and seller discussion.