Even the most experienced buyers and sellers should be cognizant of the difference between sales contracts when purchasing in new geographic areas since the real estate contracts vary by state and sometimes county. Whether you are a buyer or seller, it is important to know the difference between the two sales contacts if you are planning to purchase or sell property in Naples or surrounding areas that are part of Collier County. This vlog explains some important differences related to inspections.
This 12 minute video gives an explanation of the key differences between these two contracts related to inspections. If you have any questions about this topic or any other real estate related matter, feel free to call Renee Hahn directly at 239.287.2576. You can also access more of these Q&A real estate videos by CLICKING HERE.
Frequently Asked Questions
What is an AS-IS contract in Florida?
The buyer can inspect and cancel during the inspection period, but the seller is not obligated to make repairs.
What is a standard contract?
It sets repair obligations for the seller, generally up to a defined repair limit.
Which contract is more common in Naples?
The AS-IS contract is widely used in Southwest Florida.
Related reading: When Concessions Make Sense in Real Estate Deals and Collier County Flood Maps Are Changing: What Naples Homeowners and Buyers Need to Know
