Buying and selling Real Estate in Pinellas county, being a Realtor, listing agent or selling agent. When do you disclose?
When do you add an addendum to the contract?
I could not believe it, but than again, people never stop to amaze me.
One of my agents got an offer on her listing, only contingency was 1031 exchange, no inspection, not mortgage, on condo docs, no property disclosure, nothing.(That is scary) but hey, we are working as a single agent for the seller and it was a wonderful offer. Everybody singed it, we were under contract. About a week later my agent called me and said, Anne can you please take a look at this, I have received all these addenda from the buyer's agent that my seller is supposed to sign? ! Well, I perfectly understand why my agent was confused. What on earth is the buyer's agent thinking? We have a contract, you negotiate; add addenda and terms while it is still an offer. Once the offer is signed by everybody it becomes a legal binding contract. You can't just change it or add to it. . . Needless to say, we informed our seller by phone about the situation and he did not sign any addenda .We agreed that yes, we will provide access to the property for inspections etc but keep in mind it is NOT part of the contract and therefore not enforceable. So please, next time make it part of your offer, not every seller is that easy going. Buyers and sellers need to make sure that all their issues are negotiated before the last person signs the offer.
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- If you think about buying or selling a house or condo in the Treasure Island Florida or the St. Petersburg Tampabay area, please give me a call.
- Ask me about waterfront homes or condos in St. Pete beach, Treasure Island, Madeira beach, Seminole and St. Petersburg Tampabay neighborhoods.
- Find out what we can do to sell your home or condo and what the value of your property is.
- Check out great real estate deals or visit condo associations like Seminole Isle.
- We also work with Short Sales, bank owned and foreclosures .
- Find a property or go to my website for more real estate information or simply contact us. 727 410 7777
Anne Hensel | Real Estate Broker in Teasure Island St Petersburg
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