seriously, if you're sure it's a legit purchase offer then just reg this name now, then wait two days and accept his offer
you aren't doing anythign wrong, since he basically agreed to pay $200 bucks for it, and it means that the domain name must be worth for him even more
personally im not sure if i'd do it though, but im just too lazy and I never sold anything via sedo (always using escrow.com and in that case its' not worth the hassle for 200 bucks)
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