James is looking to buy a home. He recently found a home for sale that he loves (owned by Charlene). He will not pay any more than $400,000 for this home and hopes to pay $375,000 for the home. James has two other options that he could buy for $385,000 and $400,000 respectively. Charlene is selling the home. Charlene hopes to sell the home for $425,000 but can take no less than $360,000. She recently had one offer for $350,000.