Page 6 - Palm City Spotlight - May '21

Page 6, Palm City Spotlight DOUBLE SPACE

ReaL estate

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

‘Heroes’ Exhibit from page 1 The trio of three original pieces were created by VSOA a vehicle, in order to bring messages of leadership, values
students Christopher Carnes and Alexandra Trejo, VSOA and change.
An invitation teacher Alice Laputka and Barletta, herself. For more information, visit VisionarySchoolofArts.
only VIP Reception Visionary School of Arts, founded by Barletta in 2010, org or call (772) 283-4888.
was held on April is a 501(c) (3) nonprofit that uses art to not only provide Photos by Jackie Holfelder
9. It included a creative outlet for students of all ages, but to use art as
speeches of
gratitude to the
real-life heroes
of the evening,
delicious food and
beverages and an
auction of three
outstanding works
of art, conducted
by esteemed Denise Thalacker, VSOA board
auctioneer Elliot member and Alicia Jones, VSOA
Paul. teaching director

Lynn Corrie, VSOA administrative Lynne Barletta, founder/executive director of VSOA, flanked by Martin County Sheriff
director and Elaine Racicot, Office Deputy Ed Fitzgerald, Major John Budensiek, Deputy Crystal Nash, Community
VSOA board member Police Deputy Michael Vitello and Manager Trisha Kukuvka

NoN-Toxic cancer immunotherapy

Alice Laputka with Martin County Commissioner Ed Ciampi
and Liz Ciampi, who had the winning bid on her painting Available NoW

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