Luxury Sarasota Waterfront Home Sells for $4,400,000
One thing for sure, they aren’t making any new waterfront property and the new homeowners of 1509 S. Lodge Dr are excited to be in their new home. Featuring over three-hundred feet of waterfront, this exceptional home is located
OVER Full Price / Multiple Offers / Sold in 5 days
2058 5th Street, Sarasota, FL
Finding a decent home for under $200,000 in Sarasota City can be a challenge for any first-time homebuyer or investor in today’s market. New to the market is this in-town home that has been freshly updated and
What a rare find within the Jacaranda West golf community of Venice Gardens. A double master suite home with a beautiful large pool. Located 10 minutes to downtown Venice shopping, dining, boating, fishing and of course the world-class beaches Sarasota County is known for. Amenities like these are just part of the daily lifestyle we all enjoy. This home is located in
Buying on the “As-Is” contract is a popular way many homes are sold as opposed to, for a lack of a better term, the standard contract. Both contracts, the Florida Association of Realtors makes available to its members.
Knowing some of the major differences between the two contracts can help guide you towards which contract serves you best for the situation. My concern has always been that the "as-is" contract is overused and doesn't always serve the buying public in a way they expect. There is a way to get the best of both contracts that may not be in the best interest of the brokers involved in the contract.
Agents Want You To Think "As-Is" Protects You
The reason I understand the “as-is” is viewed with so much favor is because it gives you, the buyer, an unconditional out for just about any reason during inspection period. This can be a good thing but remember, you are going to spend both time and money having an inspection and there are no requirements for the seller to fix anything.
In practice, the general approach is that once an inspection is done, then there is a second negotiation for repairs. Now, depending on how the as-is was presented to the seller during the negotiation, you may or may not be able to get repairs or concessions from the seller. If the seller refuses to negotiate the repair request, you are out the inspection fee as the seller is not obligated to do anything.
I think there is second reason why brokerages like as-is contracts that I’ll circle back to in a bit. You might be surprised, their reason has nothing to do with protecting your interests!
The "Standard" Contract Has Advantages
The standard contract allows for a repair limit up front. Hopefully, you and your agent have gone through the home a couple of times before...
There is a belief that selling your Florida home “AS-IS” somehow relieves you, the owner, from the obligation to disclose any known defects. Nothing could be further from the truth! Regardless of selling “as-is” or not, as the seller you are required to disclose any known defects about the property which also includes any liens or other issues that
Having significant work done around the house for things like roofs, AC replacement or other significant repairs is probably going require a permit. Your contractor will know what is needed. Just be sure that when the work is done, the final inspection passes and the permit is closed. It is really an easy thing to do as most counties, cities and local jurisdictions have some sort of on-line permit look up.
How an agent is working with (or for) you starts very early in the process and Florida has only two ways you can be represented.
By default, agents work as transaction brokers which in terms of representation is an inferior form of agency. Single agency is the highest form or representation but there are some things that need to happen before you go out looking. There needs to be a formal buyer agent agreement signed along with a single agent disclosure prior to looking at a home. Its much like what sellers do when listing their home but there is a lot less paperwork.
Every once and while a property comes on the market that you wished you made a move on. After all, life in Sarasota is a bit different. Powder white sandy beaches and endless azure waters make this the place to be! Of course, they only made so much waterfront so it is one special commodity that is in demand. Beyond the high cost, there is a lifestyle to be enjoyed and memories to be made 514 Pine Cone Ln in Nokomis could be that special property that you could call home. With 150 feet of top-shelf panoramic views of Lyons Bay that you might expect to be into the seven-figure price range. The possibilities are truly endless.
John Woodward of Sarasota Real Estate Group just sold 8207 Nice Way in the Turtle Rock subdivision in Palmer Ranch. Listed for $469,000 and sold for $439,000 representing almost 7% off asking or $30,000. The Turtle Rock market is averaging 4% off asking price. Once again, John Woodward's team was able to beat the market average for these buyers by 3% or about $