This form is a Contract for the sale of real estate for use in Florida. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Miramar Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Florida
City:
Miramar
Control #:
FL-00472
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Florida Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
While Florida law requires no particular form of contract for a real estate transaction, the FR/BAR Contract forms are the most utilized and well-recognized residential contract forms in Florida.
While you can buy a house in Florida on your own, it's best to work with a professional and hire a realtor to represent you. You should specifically look for real estate agents specializing in the local real estate market.
A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract - Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.
Florida law recognizes oral brokerage agreements as valid and enforceable. While the burden of proof is on the party who asserts an oral contract, and it is certainly more prudent to have a written agreement, a real estate broker or agent can still recover their commission even when there's no written contract.
?AS IS? Residential Contract for Sale and Purchase: A purchase agreement when the seller doesn't want to make any repairs or improvements, and the buyer can opt-out if they aren't satisfied after an inspection.
In Florida, real estate sold 'as is' means it's sold in the current condition. If the buyer inspects the property and notices a huge problem or the seller informs them of a potential problem, then the seller need not worry. The seller will not need to make repairs, regardless of their severity.
The ?AS IS? Heading It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.
A purchase agreement is the most common type of real estate agreement. This contract specifies the details regarding the sale of property.
Under Florida law, contracts involving goods priced at $500 or more, promises to pay the debts of another, promises made in consideration of marriage, and promises that cannot be fulfilled within one year must be written to be valid.
The ?AS IS? Heading It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.