There are a variety of opportunities in the South Florida real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
In real estate, there are really 2 types of contracts that we deal with most often. When you find your dream home, what kind of offer should you use to present to the sellers? There are 2 kinds we use, let's start with the "as is" contract.
"As Is" Contract
With this contract, you are taking the property "as is" in its current state. Based on the inspection you have done to the property after the contract is offered, you can decide whether you want to move forward with the sale or not. You have the right to cancel the sale at any time for whatever reason during the inspection period in an "as is " contract.
Standard Contract
A standard contract is just as its name implies, a standard contract. This type of contract allows you, the buyer, to ask for repairs of up to 1.5% of the purchase price. If the repairs go over 1.5%, we can cancel the contract or we can ask that they be fixed by the seller if they are major problems.
We hope you found this info helpful. If you have any questions, be sure to give us a call or send us an email. We would be glad to answer them.
