Escrow Dispute? Sometimes It’s Better to Compromise than to Lose Time, Sleep & Money! - 01/15/11 07:22 PM
 
If you are a Buyer planning to purchase a home, there’s a pretty good chance you’ll be required to give an “escrow” deposit when you and the Seller come to a written agreement and the property is “under contract.”
 
In Central Florida, an “escrow” deposit is synonymous with an “earnest money” deposit. While the amount of the deposit is negotiable, having it held in an “escrow account” is not.
 
The Florida Realtors-Florida Bar (often referred to as the FAR-BAR) Contract for Sale and Purchase requires that the escrow deposit be held in a third-party account, either managed by … (0 comments)

Florida Buyers to Pay for Lender Required Repairs on a House They Don't Yet Own! - 01/12/11 07:22 PM
 
In June 2010, the Florida Association of Realtors and the Florida Bar approved and released a new “AS IS” Residential Contract For Sale and Purchase.
 
The new contract was expanded to ten pages and there were several changes that may surprise Buyers who are purchasing a home in Florida if not known about and responded to at the time of contract writing.
 
One of the additions to this contract that may impact Buyers is the paragraph titled: Property Inspection; Right to Cancel.
 
Unlike prior year contracts, the new one clearly states in italics and bold print:
 
… (3 comments)

 
LaShawn Norden, REALTOR, (321) 377-0157 Your Real Estate Advocate in Central FL (Keller Williams Heritage Realty) Rainmaker_large

LaShawn Norden, REALTOR, (321) 377-0157 Your Real Estate Advocate in Central FL

Longwood, FL

More about me…

Keller Williams Heritage Realty

Address: 1150 Douglas Avenue, Suite 2020, Altamonte Springs, FL, 32714

Office Phone: (407) 862-9700

Cell Phone: (321) 377-0157

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Selling or purchasing a home can be exciting and scary at the same time! The goal of my blog is to educate Central Florida Buyers & Sellers about the Good, the Bad & the Ugly things that can happen in a real estate transaction! As an advocate for consumers in Orange, Seminole and Volusia County, I especially enjoy working with first-time home buyers, relocation buyers, sellers of distressed property and luxury home sellers. Native to Central Florida, I'd welcome the opportunity to be your advocate too!

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