Page 9 - Stuart Exposure - May '21

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Stuart Exposure, Page 9

real estate

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

Jim Weix is a broker associate with The Keyes Company. Jim
Safe and Effective! has 24 years of experience selling real estate full time. If you
have questions or want the services of an experienced expert,
you can reach Jim at (772) 341-2941 or jimweix@jimweix.com.
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Easter At Dunbar Early
Hundreds of successes over the years.
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Continuously available since 1977 Students at the Dunbar Early Learning Center in Hobe
in Freeport, Grand Bahama Island Sound received an Easter surprise from the Christ Child Society
of Stuart. The two 3-year-old classes, Tender Times and Tiny
Cubs, along with the 4-year-old class, the Butterflies, had
See our website for more info: storytime and Easter baskets. From the assembly of the baskets
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or call for more information: Toll-free number (561) 766-0878 Distribution and storytime were done by Joanne Mazzola.

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