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Fl as is residential sale contract in word form

Fl as is residential sale contract in word form 2025

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The document is an 'AS IS' Residential Contract for Sale and Purchase, approved by the Florida Realtors and the Florida Bar. It outlines the agreement between a Seller and Buyer regarding the sale of real and personal property in Florida, detailing terms such as property description, purchase price, closing procedures, financing options, disclosures about property conditions (including radon gas and mold), maintenance responsibilities, inspection rights, and dispute resolution processes. The contract emphasizes that the property is sold in its current condition without warranties from the Seller.

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What is an as is bill of sale in Florida?

THE DESCRIBED PROPERTY IS SOLD AS-IS WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY . BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY AS-IS.

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.

What is an as-is residential contract for sale in Florida?

An as-is residential contract for sale and purchase is a contract a buyer and seller sign that stipulates that the seller will not pay for any repairs. With a conventional sale, there is usually room for negotiations regarding payment for repairs.

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.

Can a house be sold as-is in Florida?

A house may be sold as-is for the entire property or just one component. as-is for the entire property is exactly what it sounds like - the seller wont make any repairs or reduce the price for any part of the property, whether its a minor issue or something major like structural problems.

What is the effect of an as is provision in a residential sale contract?

Therefore, California courts have held that the effect of an as-is provision is to cause the buyer to take the property in the condition visible or observable to him. As explained by one court, an as is provision may be effective as to a dilapidated stairway but not as to a missing structural member, a

How do you write an as-is clause in real estate?

The Seller is selling the Property in As-Is condition, with all faults. The Buyer acknowledges and accepts that Buyer is purchasing the Property in its current condition and without any representations, guarantees, or warranties from Seller, either expressed or implied, as to suitability or condition.

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.

Fl as is residential sale contract in word form 2025

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