What does a sale contract in Florida include?
Selling a home can be a difficult task considering the amount of paperwork it entails. The sale and purchase contract can be mind-boggling and must be reviewed carefully. 911Houses.com shares the important jargon in sale contracts that homeowners in Tampa, Florida should be aware of.
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Personal Property: In the sale contract, homeowners must specify which personal properties are a part of the sale and which ones are excluded. A homeowner may intend to remove fixtures such as major appliances or a flat-screen wall-mounted TV. Therefore, this must be specified in the agreement.
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Purchase Price: The agreed-upon figure along with the structure of the payment, and details about closing costs should be covered in the contract. Moreover, the contract can set the stage for further negotiations. All these details must be reviewed carefully. Often, homeowners seeking quick cash are in financial duress or need to relocate quickly due to various life circumstances. 911 Houses can make a free offer within 24 hours and buy a home in Florida for quick cash.
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Financing contingency: More often than not, a buyer needs to apply for a loan to be able to buy a house. The terms of the loan such as the interest rate, amount, and timelines must be specified in the contract. If financing is not included as a contingency, then the buyer is legally obliged to close the deal irrespective of the loan approval. This contingency must, however, be agreed upon by both parties. The terms must be realistic so the buyer doesn't have an easy way out. With 911Houses.com, home sellers can be assured of the purchase once the offer is made. There are no loan contingencies involved. A deal is a deal.
- Closing date: In Florida, the closing date is usually 30 days, within which buyers may get their loans approved. In cases it takes longer, the buyer may request an extension. With 911 Houses.com, homes can be sold within 7 days for cash. Homeowners can move from the residence as per their comfort.
- Inspection: Typically, a buyer has the right, under the contract, to inspect the property. Homeowners would then need to be aware of the several repair costs that they may need to bear before the sale. With 911 Houses.com, no showings or inspections are needed. Homeowners can simply sell their homes after an offer is made. No showings, no repairs, no hassles.
- Title insurance: The contract must also specify which party will take care of paying the title insurance premiums. In different states of Florida, the norm could vary but the responsibility for paying title insurance is usually on the buyer.
- Riders: The Florida Realtors/Florida Bar forms include optional riders such as restrictions or information regarding homeowners or condo associations, or financial obligations of the seller. Some are very basic, and might not be adequate for complicated situations.
Selling a property is not simple and quick but with 911 Houses, it can be. With 911 Houses, homeowners can sell their property for fast cash without dealing with the stress of paperwork.
Why 911Houses.com?
911Houses.com is a reputable real estate investment company that buys houses for cash in Tampa, FL, and the surrounding areas. Unlike regular real estate companies, with 911Houses, property owners don’t have to list their homes, pay for expensive repairs, or worry about a prospective buyer backing out due to lack of financing.
911Houses buys homes directly from owners and closes the deal within 7 days. Ready to get started with 911Houses to sell home fast for cash?
Visit www.911houses.com or call (813) 345-2660 for more information.
