A property is listed for $110,000. On March 1, the owner accepts a written offer for $105,000, and the closing date is set for June 15. On March 15, it is announced that a new shopping center will be built near the property, and the owner believes that the property is now worth $145,000. Which of the following should determine the amount paid at closing?

A. The amount specified by the accepted offer
B. A fair market price, as determined by a certified appraiser
C. The original listing price, since that is what the seller thought was fair
D. A compromise between the offer and the current value, approximately $125,000

Answer: A. The amount specified by the accepted offer