Sarasota Real Estate News

It has been my experience that often there is a "love-hate" relationship between Buyers and Sellers in a real estate transaction.  It starts in the negotiation process, through the inspection period, all the way to the closing table--and sometimes afterwards.  Legal battles are costly, and you are better off buying a Florida Lottery ticket rather than depending on the civil courts to handle your complaint quickly and to your satisfaction. 

Realtors are trained to assist Buyers and Sellers by staying on top of the deadlines specified in the contract.  Buyers and Sellers can be in default, and that's why it's important to find an experienced real estate brokerage to assist you.  If you think you may buy a home "For Sale by Owner," (FSBO), it may be in your best interest to notify your realtor and let him or her assist; if you do it in the beginning, you can get assistance and the Seller will pay the 3% commission.   IKnow when you can terminate your contract and get your deposit back, and missing the mark by a day can cost you thousands of dollars if you need to get out of the deal.

There are many horror stories about Buyers not getting the deed restrictions, not receiving or reading the condo docs, being outside the timeframe of inspection, seller deflecting responsibilities about repairs, rental and pet restrictions, special assessments, and the overall reputation of the builder or community.  Also, some real estate brokers--even in this town--don't carry Errors and Omissions insurance to protect their agents.  If your realtor drops the ball, do they have a broker who will back them up or shrug their shoulders and walk away?

In Florida, there are 5,000 applications each month for new realtors and brokers.  About half don't pass the test, but those who do are depending on their brokers and other realtors to know the laws and help them through their transactions.  Don't become a casualty, get the right help in the beginning.

Have a great day!

Linda