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In Florida, submitting a counteroffer can be done in a few ways, depending on how the parties prefer to communicate and the nature of the changes being made. Here's a general overview: Verbal Counteroffer:...

How do we submit a counter offer?

When working with a seller, there are several key dates and timelines to track and inform your client about in the As-Is offer: Deposit Date: This is when the buyer is required to submit their earnest...

What dates do I need to inform my client of on the sell side?

When working with a buyer, it's important to keep track of and inform your client of the following key dates in the As-Is offer: Deposit Date: This is the date by which the buyer needs to submit their...

What dates do I need to inform my client of on the buy side?

The most common addendums that may be necessary with an offer include: HOA Addendum: If the property is part of a Homeowners Association, this outlines the buyer's acknowledgment of HOA rules, fees,...

What addendums are necessary with an offer?

In an "as-is" contract, there are a few important extensions to be prepared for, particularly related to mortgage approval and the closing date: Mortgage Approval Extension: If the buyer requires more...

What extensions do I have to prepare for in an as is contract?

In an "as-is" offer, the key mortgage-related dates are typically as follows: Mortgage Loan Application Date: This is the date by which the buyer must officially apply for a mortgage. It’s...

What are the important mortgage dates?

We generally recommend focusing on one deposit for an "as-is" offer, ideally placed before the due diligence period ends. This approach simplifies the process and clearly signals to the seller that your...

Should my client be doing one deposit or multiple deposits with their As Is offer?

In an "as-is" offer, the deposit typically ranges from 1% to 2% of the purchase price, depending on the size of the deal and the specifics of the market. However, this can vary based on market conditions:...

How much should the deposit be in an As Is Offer?

In an "as-is" offer, the deposit is typically sent to an escrow agent. The escrow agent is usually a neutral third party, such as: Title Company: In Florida, it's common for a title company to act as...

Who is the Deposit Sent to Typically in an As Is Offer?

A mortgage contingency is a clause in a real estate contract that allows the buyer to back out of the deal if they are unable to secure financing for the purchase. It protects the buyer by giving them...

What Happens with a Mortgage Contingency, can the Buyer Back Out and what Happens to the Deposit?