There's been a weird Naples Florida real estate trend lately of crazy questions, concerns, demands and requests coming up during the escrow period of the contract. If you haven't seen me type it already, real estate always trends and it trends in every way possible. This too shall pass but while we're still riding this weird wave, let me clarify a few things that might come up while you are under contract.
The most prevalent weird thing I've seen lately are unusual requests and/or demands regarding repairs. For example, This year I was involved in a deal that had a radon issue. When the buyer responded with his requests for repairs there was a side note asking for a specific radon mitigation system. According to the contract, the buyer doesn't have the right to request which system is installed. The buyer has the right to ask for a mitigation system that will remove unhealthy levels of radon from the unit or a credit for the repairs...see below:
I also had another circumstance where the buyer wanted to "supervise" the repairs...but according to the contract, "Remedial Action shall be deemed to have been properly performed when (1) the Systems and Equipment are placed in Working Condition... It doesn't say anything about the right to watch repairs being made.
Why are there so many crazy things going on right now? The technical answer for that is, "because". Hey, if real estate was easy then there would be a million people selling real estate right now and although we've had as many as 1 million Realtors, you can guess there are considerably less than that right now.
Real estate isn't easy. It's easier when you have a competetent REALTOR who has an exceptional network of inspectors, attorneys and other vendors to help you get your deal done and if you're thinking of buying or selling in Naples, you should be calling a smart Naples Realtor!
Best Regards,
Your Naples Smart Girl!
*The information in this specific blog is in regards to the Naples Area Board of REALTORS residential sales contract. If by chance you have found this post and your contract is on a property in a different location and/or written on a contract other than the NABOR contract, please contact your REALTOR or your real estate attorney/title company for clarification on your specific deal.
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