AS IS vs. Standard: Understanding Florida’s Two Most Common Real Estate Contracts
Posted by Andree Huffine, Sarasota Realtor on
Did you know there are two different Florida Realtors/Florida Bar contracts commonly used when making an offer on a home?
They are the “AS IS” Residential Contract for Sale and Purchase and the Residential Contract for Sale and Purchase, often simply called the standard or regular FR/Bar contract. While much of the language is similar, there is an important difference in how inspections and repairs are handled.
The AS IS Contract
The AS IS contract is by far the one many buyers and sellers see most often in resale transactions. But its name can be misleading.
When sellers hear “AS IS,” they understandably assume it means: This is the house, in its current condition, and I’m not fixing anything.
Technically, the contract does not obligate…
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