Can you get a short sale for less than asking price?
Can you get a short sale for less than asking price?
If the list price is too low, the bank will reject the short sale; a low list price could be a strategy used by the listing agent and seller to entice multiple offers on the short sale. The short sale bank will hire a Broker Price Opinion agent and pay that agent less than $100 to produce a BPO.
When does Florida Realtors contract for sale and purchase end?
The Florida Realtors Contract for Residential Sale and Purchase (CRSP) is calculated using business days. As such, if any deadline falls on a Saturday, Sunday or national legal holiday, performance is due on the next business day. Additionally, all time periods end at 5 p.m. local time (i.e. where the property is located) of the appropriate day.
Can a seller cancel a contract with a buyer in Florida?
After a seller has accepted a buyer’s offer on a property, the buyer does not automatically have a three-day right to cancel, unless the contract includes that as a specific provision. None of the Florida Realtors contract forms provides for this right.
Can a sales associate own a brokerage in Florida?
(Section 61J2-5.016, Florida Administrative Code) A sales associate or a broker associate may own a brokerage. However, no sales associate or broker associate may be registered as that brokerage’s officer, director or general partner. (Section 61J2-5.016, Florida Administrative Code)
When do you sign an exclusive buyer broker agreement?
This means you are bound to the contractual terms for that length of time. Depending on the proposed complexity and client needs, I might write my exclusive buyer broker contracts for 360 days. But most agents will also agree to 30 days.
The Florida Realtors Contract for Residential Sale and Purchase (CRSP) is calculated using business days. As such, if any deadline falls on a Saturday, Sunday or national legal holiday, performance is due on the next business day. Additionally, all time periods end at 5 p.m. local time (i.e. where the property is located) of the appropriate day.
After a seller has accepted a buyer’s offer on a property, the buyer does not automatically have a three-day right to cancel, unless the contract includes that as a specific provision. None of the Florida Realtors contract forms provides for this right.
How many realtor contracts are there in Florida?
Florida Realtors has three residential contracts. Two are Florida Realtors/Florida Bar contracts (FR/Bar), the standard Residential Contract for Sale and Purchase and the “AS IS” version, and one is the Florida Realtors Contract for Residential Sale and Purchase (CRSP).
Do you have to negotiate with each buyer in Florida?
There is no Florida law that requires the seller to negotiate with each buyer in the order in which the offers were received. A counteroffer serves as a rejection of an initial offer. Therefore, the initial offer is no longer on the table.