Page 5 - Martin Downs Bulletin - May '21

Martin Downs, Page 5

Real estate

Treasure Coast Real Estate However, once a seller is in the position of being able period. Ten days or less should be enough time to have

Report to buy a home, they need to be proactive. inspections done. Other buyers will simply have their
Homes that are priced right often have multiple offers
Realtor use a normal sales contract, which doesn’t give
within one or two days. Along with acting quickly, they the buyer a “free look.”
Potential Sellers Are Leery Of Selling Due To should have their Realtor create an attractive offer, since If a buyer needs financing, some are going to a local
®
Low Inventory, But There Are Solutions. they will likely be competing with other buyers. bank or mortgage broker, rather than asking Alexa, “Get
If they already closed on their existing home and are me a preapproval letter.” Let the lender know that they
By Jim Weix renting it back, they will hopefully be in good financial can speak with the seller and suggest that they contact
It is official. There are shape. If they can pay cash, then they make a cash offer. the seller. Talking to an actual person is more reassuring
now more real estate agents In most cases a buyer can normally get a mortgage or to a seller than some boiler plate preapproval that was
in America than there are home equity line of credit once they own the home. downloaded off the Internet.
homes for sale. Another good idea is to forget the $1,000 or $5,000 Jim Weix is a broker associate with The Keyes
One of my buyers earnest money deposit. Sellers want to see a deposit that Company. Jim has 24 years of experience selling real
q ui pp e d “ Gov e r n or looks like the buyer is actually serious. estate full time. If you have questions or want the services
DeSantis just decreed that One thing sellers hate is a slew of contingencies of an experienced expert, you can reach Jim at (772)
a real estate license will attached to an offer. If a buyer is concerned about Chinese 341-2941 or jimweix@jimweix.com.
no longer be automatically drywall, Radon gas, or polybutylene plumbing, have those
given to all new Florida things checked during the inspection period of an “as is”
residents, along with their contract, rather than doing a separate contingency for
free bag of oranges.” each item.
I could appreciate his gallows sense of humor, since Most Realtors use an “as is” sales contract. The
it took five months to find a property that he and his wife problem with that contract is it gives the buyer the right
wanted to purchase. to cancel the contract at their sole discretion during the
Some sellers are dealing with this dilemma by being inspection period. For this reason it has been nicknamed
creative. One solution is to extend the closing time. Instead “The Free Look” contract, since it mainly obligates the
of the normal 30-to-45-day closing, they are extending it to seller, not the buyer.
“on or before” three or four months. Others are requiring the To compensate for the inequity of the “as is” contract,
option to rent their home back for a period after the closing. buyers will minimize the inspection, or free look,

‘Heroes’ Exhibit from page 1

Mary Rose Morris, age 10, Alexandra Trejo and Christopher Carnes
Saviors of the States with Guardian Jodi Maxwell, age 11, America’s Heroes

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Denise Thalacker, VSOA Alice Laputka with Martin County
board member and Alicia Commissioner Ed Ciampi and Liz Ciampi, Lynn Corrie, VSOA administrative director www.seabreezepublications.com
Jones, VSOA teaching director who had the winning bid on her painting and Elaine Racicot, VSOA board member

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