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Buying and selling a home "as-is"
Buying and Selling "As-Is"
I recently overheard a person who is buying a home state that they would never want to buy a home "As-Is". While I understand the concerns, I suggest that a home buyer or seller should review the contracts and work with appropriate professionals. I've come to realize that this is one of the most confusing points that exist in Florida real estate. I've heard buyers, sellers, experienced real estate professionals, and even attorneys misstate the benefits and woes of the "As-Is" contract. I'll try to simplify this very confusing concept and hopefully reduce some unneeded stress.
One important thing to understand is that an as-is transaction is very similar to a traditional transaction but is either (a) agreed to using a different form or (b) agreed to using the traditional contract for sale and purchase with an addendum that modifies the original contract. In other words, the vast majority of the terms and conditions are the same.
Florida Association of Realtors Contracts
Let's discuss the most common Florida's home sales contracts. The Florida Association of Realtors has approved multiple contracts for use in Florida. Some of these were created in conjunction with the attorneys from the Florida BAR Association. The ... more

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