Florida is developing a combination FAR/BAR and FAR contract, are you aware?
Florida lawyers are in the process of developing a single buyers contract which combines the FAR/BAR and the FAR contract!
There is actually a draft in place at this time. One of the changes agents should be looking at is numbers 9 and 10, where it lists the standard items included in the purchase of a home/condo. They (in the draft at this point) have now excluded the washer and dryer from standard appliances included in the sale. Just one of the many other changes to the standard contract.
There are many other changes that will be of critical importance if this combination goes to fruition. It will be very important that you as an agent read and know well the entire contract. The new contract appears to be very, very specific...almost to the point where after you read it, you hope you are always writing an "AS-IS".
It addresses many of the important sections that we've all come to assume are going to remain the same. Not so in this new version.
Just be aware that change is coming...sometime soon in Florida.
If you have not yet heard about this pending development, you can go on line to the Florida Association of REALTORS(r) for more information.
http://www.KarenMonsour.com, 954-464-4194
(Copyright© 2009 Karen L. Monsour, All Rights Reserved.)
;)
;)
Karen-They are also redrafting the As-Is contract to be VERY specific as well.