That being said, does anyone have some sample term sheets they have created for this situation that would include the responsibilities of the borrower and lender, the amount of interest for the term, time period and payback terms.

If the lender says the property isn’t worth the negotiated price then the buyer might aught to exercise caution.

Morning quiet time with a cup of joe, read, exercise, travel, time with my wife take priority. 

Just used a sample version of promissory note from internet(big mistake).

Well, his first question was what type of media kit do you want...I had no idea, so I told him to send me samples of what he had to offer.  

Does anyone have a sample purchase agreement and assignment document with the proper verbiage I can use to expedite?

For various reasons, I'm eager for them to just exercise and buy the house.

This is usually only exercised in cases where they can not legally sell the property due to foreclosure process errors. 

Here in Colorado, I pay the following:$279 for a 432 unit community that has a pool, a clubhouse, an exercise room and pool tables, landscaping and a shared water bill$305 for a 183 unit community with no pool, but has landscaping and a playground$338 for a 120 unit community with a pool, a clubhouse and landscaping.Your mileage may vary, but your HOA dues seem reasonable(ish) to me.

It's a one time payment that guarantees that only you can buy it, and it locks the price in, and...there are no monthly payments (or income) until you exercise your Option to Buy.