for residential real estate purchases, there are 2 different contracts used in the state of florida. there is the far/bar “as-is” contract for sale and purchase and the far/bar residential contract for sale and purchase (more commonly known as the “non as-is” contract to us agents). both are approved by the florida association of realtors […]
selling your property as-is in florida. selling a house “as is” means that you’re listing the property for sale in its current condition
are you wondering what an “as-is” contract in florida is and how it works? click here to learn all the details from tampa real estate agent kimmie cimino fine.
learn how to sell your florida home as-is, steps, pros, cons, legal tips, and how to close fast without costly repairs.
questions about your real estate closing? contact the tampa real estate transaction lawyers at gilbert garcia group, p.a.can help.
there are many options if you want to sell your house as-is in florida. learn how to sell it and what you must disclose.
florida has many obligations in place to protect home sellers. some protections include making repairs and disclosing any property hazards.
learn how florida’s “as is” contract works, including disclosures, inspections, repairs, and buyer/seller rights in real estate transactions.
florida real estate and title attorneys practicing real estate law and having clients send me offers to review on a weekly basis, often i am asked whether it is a safe bet to enter into an “as is” contract? will the buyers deposit be protected if there is anything that comes up at inspection? the... read more »
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under florida law, a buyer may back out of the sale if the seller of a property within a housing association doesn
are you involved in a disagreement over a recent real estate transaction? it's essential to understand your options. read further to learn more.
can you sell a house as-is in tampa, florida? we’re here to help. learn more & get your cash offer today.
home sellers in florida will now have to disclose information about a property’s flood history to prospective buyers.
when selling a house as is in florida, you must: 1. choose how to sell your home 2. make minor repairs 3. fill the disclosure form and real estate contract.
are you considering selling a house as is in florida? here are some important factors to know before proceeding with this option.
this blog will detail major differences between the standard and as-is contracts regarding inspection periods and repair obligations.
here's a guide on how to sell a house in florida, from staging your home and getting it listed, to managing offers and handling showings.
sell my house as is for cash in sanford fl. we buy houses cash in fl. we’re cash house buyers. get a fast cash offer. sell your sanford house fast as is.
can you sell a house as is without inspection? yes, but you may not attract traditional buyers. here’s how to make an as-is home sale work.
detailed information about canceling listing agreements and contracts, calculating time periods and other common real estate scenarios.
by: santiago j. padilla, esq.
we admit, writing an "as is" contract can sound daunting as the home buyer. but here's why we prefer them.
buying a house as-is has its own set of challenges. learn what to look for when buying a house as-is, so you can decide if it's right for you.
when you bought your first home, you may have been surprised to learn that a chunk of the sale price would go towards commission for the buyer’s and seller’s agents. generally, the seller pays the full commission, which can result in less money in their pockets at the end of the day. for this reason, some sellers choose to market and sell their homes on their own - without the help of a realtor. in 2021, for sale by owner (fsbo) homes accounted for about 10% of all home sales in the united states. going this route can save you some money, but it will typically require significant work. more importantly, if you make a mistake along the way, it could cost you far more money than if you had worked with a realtor. for this reason, you should only proceed with the fsbo route if you are certain that you can handle all of the work and details involved in a real estate transaction. based in lithia, eaton realty works with buyers, sellers, renters, and landlords throughout hillsborough county. we take our job seriously and work collaboratively with sellers to help them get top dollar for their homes. our experienced real estate team can save you time and help you maximize the value of your home. if you’re considering putting your home on the market in west-central florida, give us a call today. there’s absolutely no obligation when you speak with our team. want to learn even more about selling your house for top dollar in hillsborough county? contact us to speak with an experienced hillsborough county realtor. what are the benefits of selling your house on your own? the primary reason that people choose to sell their house without a realtor is usually to save money. paying both the buyer’s and seller’s commissions can eat into your total profits. for example, if each agent gets 2.7% of the sale of a house that sells for $350,000, you’ll pay $18,900 in commission. these numbers are often reason enough for a homeowner to want to sell their house on their own. you won’t be on the hook for the seller’s commission if you sell your house without a realtor. however, if the buyer has an agent, you will still be on the hook for their commission. in the example above, you would still pay $9,450 to the buyer’s agent. beyond saving money, there are other reasons that you might want to sell your home without a realtor. if you already have lined up a deal with a friend or relative, then it makes sense not to use a realtor. after all, you won’t need to list your house on the multiple listing service (mls), stage open houses, or negotiate an agreement. finally, if you have a lot of time and expertise, you could handle the sale on your own. selling a house requires a lot of leg work, from staging to taking photos to marketing to handling showings. if you have the time and knowledge, selling fsbo might be a good idea instead of using an agent. how to sell your house without a realtor if you decide to sell your house fsbo, then there are certain steps that you must take. before you get started, you should first understand florida law related to disclosure, paperwork, and mineral rights. specifically, in florida, you must disclose: any facts that materially affect the value of the property which are not readily observable and are not known to the buyer, which may include the presence of sinkholes, whether there are any boundary disputes, if there are any actual or potential legal claims against the property, if the property contains any environmental hazards such as asbestos, lead, mold, or defective drywall, if there are any infestations or damage from fungi or termites, and/or whether there are any problems with structural and/or essential components of the house the presence of radon gas whether the home has a pending code enforcement action the type, thickness, and r value of insulation for new homes for coastal properties, the potential for erosion, and that the property might be subject to regulations regarding construction, rigid coastal protection structures, beach nourishment, and the protection of marine turtles information about homeowner’s association (hoa) membership, fees, and rules a summary of property taxes you should also let prospective buyers know whether another party owns the mineral or water rights of the property. once you have your disclosures ready, you can begin selling your home. the first step involves getting your house ready to go on the market. preparation should include making basic repairs, staging the rooms, and photographing your home. next, you will need to get an appraisal of your home so that you have an idea of the listing price. once you set a price, you can start advertising your home. this may be as simple as putting a sign in your yard or advertising online. you can also purchase a flat fee mls package, which is the only way to get your house listed on the mls without a realtor representing you. at this point, you will hopefully receive some interest in your house and can start scheduling showings. coordinating showings requires a fair amount of organization and will involve answering many calls, texts, and emails. you may also request a pre-approval letter from a potential buyer’s lender to ensure they are qualified to buy your house and aren’t just wasting your time. at showings, be available for questions from the realtor and prospective buyers, but don’t hover. your buyers will want some privacy to talk about the house. being too close or following them around can be off-putting. if you get an offer, you will need to review it closely and either accept it or negotiate a better deal. if you aren’t working with a realtor, it is probably a good idea to hire an attorney to ensure that you understand the terms of any agreement you sign. you will also need a title or escrow company to collect signatures and fees before and during closing. there are a fair number of documents required to sell a house in florida, including: a copy of the purchase agreement the closing statement a signed deed the affidavit of title the bill of sale a property tax agreement again, if you don’t have a realtor, you should probably work with a real estate lawyer to make sure that the documents are properly drafted and comply with florida law. a mistake at this stage could cost you thousands of dollars, so getting your ducks in a row is important before you close on your house. selling your house yourself can save you money on a seller’s commission. however, you will still have to pay for several items to get your house on the market, including home repairs, an appraisal, professional photography, staging (if necessary), a mls listing, online advertisements, and an attorney’s fee. if the buyer has an agent, you will be responsible for paying their commission. you should factor these costs in when deciding whether going fsbo is the right choice for you. is it a good idea to sell your house without a realtor? for most people, selling a home without a real estate agent isn’t a great plan. people who go the fsbo route tend to think they’ll have more money in their pocket in exchange for doing a little work. in reality, it’s a lot of work - and the house will likely sell for much less without the help of a realtor. in 2021, fsbos accounted for 10% of all home sales in the united states. on average, a fsbo home sold for $225,000 in 2021, compared to an average of $330,000 for agent-assisted home sales. while you may save some money in commissions, it might be a case of being penny-wise and pound-foolish if you sell your house for a lot less than you could have with a realtor. real estate agents do a lot of work to get a house on the market. things like: pricing a home competitively based on the appraisal, a comparative market analysis, and the features of your home. connecting sellers with local professionals, such as home stagers, photographers, and contractors who can make home repairs listing your home on the mls (without paying a flat fee for the listing). finding potential buyers, which includes marketing your home, scheduling open houses, reaching out to clients, and following up with people who toured your home. negotiating an agreement with the prospective buyers. ensuring that the disclosures are properly made in accordance with florida law. taking care of the paperwork and other details necessary to complete the sale. selling a home takes a fair amount of time. unless you aren’t working, selling a house on your own will drain your free time. instead of your realtor scheduling showings when you’re at work, you’ll be trying to fit it all in on evenings and weekends (which also may not be ideal for all buyers). handling a home sale on your own also requires some level of knowledge and expertise. a home sale is a legal transaction subject to many laws and regulations. making just one mistake on a disclosure could cost you tens of thousands of dollars - far more than what you may have saved by not using a seller’s agent. ultimately, if you want to sell your house for the most possible money and to get it done correctly, then your best option is to work with a realtor. they will use their experience to price your home appropriately, market it, and negotiate a fair sales contract. any commission you pay will typically be worth the time, energy, and money you save by not handling the transaction yourself. how eaton realty can help the real estate market is complicated and can change rapidly. while it may be possible to save some money by listing your home yourself, it may cost you more in the long run. this is especially true when you sell your house for far less than you would have if you had used a real estate agent. eaton realty has substantial experience in the greater tampa bay real estate market. we put our knowledge to work for our clients, helping them sell their houses for top dollar. to learn more about our real estate services, fill out our online contact form or call our office at 813-672-8022.
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buyer beware – changes to the “as is” purchase contract real estate in florida is hot! home prices continue to skyrocket while sellers enjoy the benefits of having buyers engage in bidding wars, often receiving multiple offers above asking price. the influx of out of state buyers flocking to florida, from new york, california, and... read more »
given all the expenses that come with listing and selling a property, is hiring a realtor worth the additional cost or is “for sale by owner” a better option?
if you discover an undisclosed home defect in florida, the key is to figure out whether the seller knew about the problem.
a bankrate senior editor sold a house in as-is condition — here’s what she learned, and her personal tips for how to sell a house as-is.
discover essential florida real estate contract terms and tips for buyers and sellers. avoid pitfalls and make informed decisions in the sunshine state.
if you are in the market for a new home, you may have seen listings on the mls for “as-is” properties. you may be curious about what that term means - and whether it is a good idea to buy a house “as-is.” when a property is sold “as-is,” the seller won’t make any repairs or reduce the price based on any defects that have been disclosed or discovered during inspection. a buyer can and should have an inspection performed to determine if buying the property is a good financial move. generally, “as-is” houses can be a good deal, but it may be difficult or impossible to get a mortgage if the home has major issues such as a pest infestation or structural problems. at eaton realty, we work with buyers, sellers, and property investors throughout hillsborough county. we understand that “as-is” properties can often be a bargain and aren’t right for every buyer. if you’re looking for a house in west central florida, reach out to our experienced real estate team to learn more about your options. what is an “as in” florida real estate contract? in a typical real estate transaction, after a potential buyer makes an offer on a house, they can do some due diligence. due diligence typically involves a home inspection performed by a licensed inspector and an appraisal (usually ordered by the bank or mortgage lender). based on the inspection and appraisal results, the buyer may ask the seller to make repairs, reduce the purchase price, or agree to other concessions. if a home is being sold “as-is,” then the buyer must be willing to accept the home in its current condition. in other words, you won’t have the opportunity to ask the seller to reduce the price or make any repairs based on any problems that the property might have, such as a leaky roof. 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 won’t make any repairs or reduce the price for any part of the property, whether it’s a minor issue or something major like structural problems. a seller may also make one property component - such as a pool that needs extensive repairs - “as-is.” an “as in” real estate contract will typically contain legal language that alerts prospective buyers that the property is being sold in this manner. examples include: “the buyer acknowledges that the property is being sold ‘as-is’ with all faults and defects, whether known or unknown, presently existing or that may hereafter arise. the seller makes no warranties or representations of any kind regarding the condition of the property;” or “by accepting the terms of this purchase and sale agreement, the buyer agrees to purchase the above property in its as-is condition as of the closing date, with all faults and limitations;” or “any repairs, renovations, or upgrades required by the buyer after closing will be the sole responsibility of the buyer. the seller will not be held liable for any costs associated with improving the condition or function of the property.” the property listing will explicitly state that it is being sold in “as-is” condition, noting that the buyer accepts full responsibility for any necessary repairs or renovations discovered before or after closing. an “as-is” contract does not mean that the buyer must accept deficiencies, cannot have the property inspected or appraised, or will buy the house regardless of what an inspection may uncover. instead, it means that the seller has already accounted for the property's condition in the purchase price or that they are unwilling to make any repairs or concessions. if an inspection uncovers significant issues, the buyer can essentially take it or leave it. their main options are to buy the house “as-is” or walk away from the sale. of course, buyers can still ask the seller to make repairs or reduce the price if an inspection uncovers a defect that wasn’t obvious, such as mold or mildew issues - but the seller can refuse to do so and move forward with another purchaser. sellers offer their homes “as-is” for various reasons, which may include simply not having the time or desire to deal with property repairs. for example, consider a situation where a military service member stationed at macdill air force base is being deployed, and their spouse is selling the house and moving across the country to be closer to family. they know that their house needs a new roof, but they want to sell it quickly - and not spend the time or energy to find a contractor and get the work done. in this situation, the seller might discount the house price to account for the old roof and offer it “as-is.” importantly, selling a house “as-is” does not mean that a homeowner can hide or fail to disclose known defects. florida law requires sellers of residential real estate to inform prospective buyers of facts that they are aware of and that might not be obvious to buyers, such as: for coastal properties, the potential for erosion and any environmental regulations that may affect the property; information about homeowner’s association (hoa) fees, rules, and other details; any pending code enforcement actions; property taxes; any legal complaints or disputes about the property; whether the property is affected by past or present sinkholes; any problems with structural or essential elements of the home; and whether there have been any infestations or damage from wood-destroying organisms. again, “as-is” does not mean the seller can hide important details about the house. it simply means that, for whatever reason, the seller won’t be doing repairs - and that the buyer should be willing to accept the house in its current condition. should you buy a house “as-is”? homes that are sold “as-is” often (but not always) need repair. they may even be unlivable in their current state, with major structural issues that make them unsafe or uninhabitable. for many buyers, this type of house is not an option. first, many types of loans require that the property being purchased meets specific standards known as minimum property requirements (mprs). for example, for loans backed by the federal government (such as an fha, va, or usda loan), a home must generally have a roof in good condition, a working heating and cooling system, and an up-to-date electrical system. similarly, conventional mortgages usually require only relatively minor defects to qualify for a loan - such as missing trim, minor window cracks, or worn floor finishes. if a home is in truly poor condition, the likelihood of qualifying for a loan is incredibly slim. unless you have the cash to buy the house outright (which may be possible if the price is low enough), then you probably can’t buy this type of property. second, many buyers don’t have the time or expertise to make more extensive repairs. most people buy a house because they want to live there and may even need to move into the new property quickly. they may not be able to wait for several months or longer to make the repairs to make the home liveable. they may also not have the ability to make repairs or renovations themselves. of course, not all houses sold “as-is” are in poor condition. in some cases, the house is being sold as-is because the sellers don’t have the cash to make repairs or don’t have the time to get the work done. it is possible to buy a house as-is and then move in after closing and make repairs as you go. however, most of the houses on the market that are sold this way require significant work. for anyone looking for an investment property, an as-is property can often be a great deal. if you have the ability to do so, you could buy a house on the cheap, put in some work, and then have a house with a significantly higher value. in fact, there is a whole genre of real estate shows on channels like hgtv based on this very premise - buying homes in bad condition “as-is” and then flipping them for profit. if you are contemplating buying a house as-is, then a home inspection is a must. only through a home inspection will you get a better picture of what is wrong with the house and the type of investment you will need to make to fix it. if a seller refuses to allow an inspection, then your best bet is probably to walk away from the deal - as that is a pretty clear sign that the seller is hiding something or that something is majorly wrong with the property. once you have an inspection done, you can make a more informed decision about how to proceed. in many situations, the price of the home may be low enough to make it a good deal, even with the necessary repairs. you should carefully consider the listing price, the defects in the property, and how much it will cost to fix those issues before coming to a decision. your tampa real estate agent can help you with the process. free as-is contract template the team of realtors at eaton realty have created a free “as-is” contract template that can be used as a starting point if you’re interested in selling or buying a home as-is. you can download the free template by clicking the link below. download the free template keep in mind that this template is designed to be an example. we don’t recommend entering into any real estate contracts without first consulting a lawyer and a realtor. how eaton realty can help buying or selling a house “as-is” can be a big decision. there are pros and cons to this option for all parties to a transaction. for buyers, it can be risky to buy a house with known problems. for sellers, it can mean a potential loss of profit on the sale of a home. eaton realty represents both buyers and sellers in real estate transactions. we have more than 20 years of experience in the tampa real estate market, which includes specific experience with as-is home sales. we can help you make the best decision based on your situation, using our knowledge and insight into these types of sales. if you want to buy or sell a house in hillsborough county, we are here for you. learn more by filling out our online contact form, or call us at 813-672-8022 to talk to a real estate team member.
disclosures and inspections are an integral part of any residential real estate transaction. accordingly, questions often arise during this process concerning a seller’s obligations relating to the disclosure of information about their property.
as a miami-based real estate agent, i
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at pike & lustig, llp, our florida business and consumer fraud lawyers have the tenacity and knowledge to handle the full spectrum of fdutpa claims.
selling your florida house in as-is condition can save you time and money on repairs. but it will probably also cost you in profits.
a recurring source of litigation in florida revolves around the rights of buyers and sellers operating under an “as is” contract for sale of residential property. a. the seller’s obligations to disclose under florida law despite the existence of contractual language excusing a seller of a property from representations (ie… continue reading florida “as is” real estate contracts and the duty to disclose in residential home sales
discover solutions for selling a house with code violations in sanibel island, florida, while maximizing your property’s value and avoiding legal complications.
what is the residential disclosure law in florida