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Governance Proposal for Buyer's Counter - 5401 Odom Ave, Fort Worth, TX 76114.docx

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🗳️ Governance Proposal Update – Buyer Counter-Offer Review Buyer Counter-Offer Summary The buyer has rejected most of the DAO’s prior counter-offer terms and proposes the same original financing, with a single new clause: Balloon Payment Clause: “The seller financing addendum provides that the buyer shall make a balloon payment at the end of the seven year note. However, if the loan to value of the property is 70% or higher at that time, the balloon payment shall not be required, ensuring the bu

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🗳️ Governance Proposal Update – Buyer Counter-Offer Review Buyer Counter-Offer Summary The buyer has rejected most of the DAO’s prior counter-offer terms and proposes the same original financing, with a single new clause: Balloon Payment Clause: “The seller financing addendum provides that the buyer shall make a balloon payment at the end of the seven year note. However, if the loan to value of the property is 70% or higher at that time, the balloon payment shall not be required, ensuring the buyer’s financial protection.” All other terms remain unchanged: - Down Payment: $38,500 (7%) - Interest Rate: 0% - Amortization: 30 years - Commission: 4.5% Seller Pays - No interest payments to seller - Minimal net cash at closing Key Concerns Escape Clause Ambiguity: There is no definition of how loan-to-value is calculated, who pays for the appraisal, or what happens if the LTV threshold is met. Low Down Payment: 7% down leaves little equity. Minimal Upfront Cash: Net cash to seller is only about $5,500 after commissions and closing costs. Estimated Seller Net Sheet Description Amount Gross Sale Price $550,000 Commission (4.5%) -$24,750 Closing Costs (1.5%) -$8,250 Net Before Loan $517,000