In Florida, most real estate agents will use a FARBAR contract for writing an offer for the purchase and sale of real estate. FARBAR stands for Florida Association of Realtors and the Florida Bar Association, as these forms have been reviewed and approved by both associations. There are two main types of contracts in use in Florida. The 'As-Is' and the 'Standard'. The two types of contracts are basically identical with one major difference. The difference is in the way these two … (21 comments)
contract: Smooth Sailing to a Successful Home Purchase
- 10/03/10 03:12 AM
As a buyer, you want your offer to be accepted and your contract to close on schedule. However, in today's climate, you should expect some negotiation, and submit your offer with the following advice in mind.
The financing contingency in your offer will state your loan total and anticipated interest rate and approval date. Strongly consider locking in that rate with the lender, as rates are still very low, and you'll avoid any future fluctuations in the market.
Reserve funds now for your settlement costs at closing. Anticipate anywhere from 2% to 6% of the amount you're financing, … (7 comments)
contract: Skyline Drive pool Home for Sale in Jensen Beach - Under Contract in 13 days!
- 06/22/10 10:02 AM
Pool Home on High Bluff with Intracoastal Views 3391 NE Skyline Drive, Jensen Beach, FL 34957 View Map Enjoy the cool breezes off the Atlantic from this high elevation pool home on Skyline Drive in Jensen Beach. Very nicely laid out 3 BR, 2 BA with 2 car garage overlooking your private pool on a high bluff with lovely peaks of the Intracoastal and Hutchinson Island. Spacious open plan with breakfast bar, dining nook with bay windows and a formal dining room. Long lasting and durable Mexican tile in all living areas, newer carpet in bedrooms. All the bedrooms have walk … (9 comments)
contract: Lexington Lakes 3 Br Condo Under Contract
- 01/05/10 10:40 PM
Newer construction with outstanding location close to pool and clubhouse. This is a Hampshire model, spacious 3 BR 2 BA and 1 car garage condo. Close to highways, beaches, shopping & restaurants. Amenities include a community clubhouse, playground and pool. In addition, pest defense system, hazard insurance, alarm monitoring and basic cable TV is included in monthly maintenance. Gated community in Martin County with our "A" rated school system.
What's the Difference Between a FARBAR As-Is and Standard Contracts (Florida)
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