Florida Real Estate Contract Changes [What Does This Mean For You?]
Posted by Andy Mandel on
I wanted to take a quick minute to record a new video to let everyone know about all the new changes that are going on in the contract that everyone uses down here in South Florida to buy and sell property. So if you're not familiar with the contract changes, the contract that everyone uses is called the "As Is With Right To Inspect Contract" and it just changed on November 1st, 2021. There are some minor changes in there as far as what conveys with the property - what stays, what doesn't - but the big change is in regards to financing. And this is a really, really big deal, so I want to make sure everyone is aware of it.
So one of the most important timeframes in the contract is called the Buyer's Loan Approval Period. So if you are a buyer who…
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