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Does Florida require a property disclosure statement?
Florida, like many other states, requires sellers of homes and residential properties to make certain disclosures to buyers about the propertys condition and history before the purchase is completed.
Does Florida law require licensees to disclose only known facts about residential property?
Florida law requires the seller of residential real property to affirmatively disclose to the buyer all known facts materially affecting the value of the property, which are not readily observable and are not known to the buyer. Johnson v.
What is the as is purchase agreement in Florida?
What does an as is Contract in Florida mean? In Florida, real estate sold as is means its sold in the current condition. If the buyer inspects the property and notices a huge problem or the seller informs them of a potential problem, then the seller need not worry.
What is the inspection period for an as is contract in Florida?
The standard length of a Buyers inspection period under an as-is residential contract is 15 daysalthough most contracts we see are typically 7 to 10 days. The inspection period is the free look period where buyers hire a home inspector to perform a full inspection of the property.
Is it a good idea to buy a house as is?
As Is means the owner is not interested in making any repairs and has priced the property ingly. The buyer can and should still have it inspected but should not expect any further negotiations. The only time the seller should upgrade is when lenders wont loan due to a bad roof for example.
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When licensees buy or sell property in which they have an interest that interest must be disclosed to?
In selling property they own, or in which they have any interest, REALTORS shall reveal their ownership or interest in writing to the purchaser or the purchasers representative.
Can you back out of an AS is offer on a house in Florida?
One, you can change your mind after issuing an offer if you do so before the purchase agreement is signed. Once the contract is signed by both parties, however, it is legally binding and you usually cant get out of it without losing money.
Related links
Chapter 520 Section 02 - 2023 Florida Statutes
(7) Guaranteed asset protection product means a loan, lease, or retail installment contract term, or modification or addendum to a loan, lease, or retail
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