When Is AS IS Not Necessarily AS IS...

...Especially when things go sideways without warning

The #1 thing that seems to go wrong

are issues that pop up during the inspection period

that no one could have predicted upfront

• the seller may not have been aware
• the buyer didn't see it during the showing
• the agents didn't notice it during the showing
• the issue may have occurred after the showing

so does that mean the buyer is "stuck" with that issue

or is there some recourse for them if they want it resolved

most purchase contracts have an inspection period

and a buyer can request items to be repaired/replaced

the seller is under no obligation to agree to the requests

but many will agree to do some/all of what the buyer asks for

as the buyer does have the right to cancel the contract

and get their escrow deposit back

as long as they cancel within the inspection period

AS IS contracts are used in the majority of home sales

understanding the nuances of the agreements is critical

today's show breaks it all down for you

Protecting Yourself When Writing An Offer...

...so that you don't feel trapped if things go wrong

There are number of contingencies that can be put into an offer

that would help a buyer feel more comfortable while under contract

keep in mind that adding a lot of moving parts might

make the deal more complex and less attractive to a seller

if it's a competitive offer siutation it would make sense to limit these

some of the basic and somewhat customary contingencies are:

• time for seller to accept the offer
• number of days to make escrow
• home inspection period
• appraisal contingency
• loan approval
• sale of the buyers home
• closing date

there are a number of other contingency clauses

that can be used for special circumstances

and in most deals there is some give and take

between the buyer and seller where they find common ground

tune into todays show for all the details on contingencies

How To Pay Less Property Tax...

...by using The Florida Save Our Homes Amendment (SOH)

this is a discount available for home owners for their primary residence

it was designed to help homeowners with high property value appreciation

there is a 3% tax increase cap per year

the assessed value of the home is used for the tax calculation

not the market value of the home

this can save homeowners hundreds of dollars per year

the assessed value does reset the following year after a home is sold

so future owners will pay more tax in most cases

there is also a portability option for those that are selling their homes

and want to apply the discount to their next home

when you buy a home and close by December 31, 2025

you are able to apply for this up until March 2,2026

you can purchase this year and have a similar timeline to apply as well

today's show breaks it all down and gives some resources for more information