Tampa Real Estate

A typical contract for purchase of a home here in Florida has a clause that allows the home buyer to have a professional inspection of the property.  Included in the clause is language that obligates the seller to correct defects that are mechanical or structural in nature up to 1.5% of the agreed upon sales price.  (A wood destroying organism defect clause of an additional 1.5% is also typical.)

Many homeowners who are selling think they can save money and hassles by listing their home AS IS with the right to inspections.

Now here's the rub.  When I am dealing with buyers, one of the first questions I ask them is:  Do you want to consider homes that are listed "AS IS"?  When I explain that the seller will not be responsible for correcting any defects identified in the inspection the Buyer pays for, they almost always reply:  "NO"!

So, when showing them homes, I automatically rule out ALL "as is" homes.

With the thousands of homes on the market, sellers are limiting their showings by "saving money" and listing their homes "AS IS".

Interestingly, the same sellers that want to sell "AS IS", don't want to buy an "AS IS" either!