Quote:
Originally Posted by retiredguy123
First of all, The Villages does not have any Realtors, and, unless you paid for a buyer's agent, no one is representing you as an agent. Also, the inability to get insurance does not sound like an inspection defect that can be used to cancel the contract under the inspection clause. I would suggest that you have a real estate attorney read the contract and advise you if it allows you to cancel the contract.
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I understand that Villages agents are licensed real estate agents.
Seems many are confused about this cancellation issue. The most common real estate contract in Florida is called an AS-IS contract. Section 12 has an inspection period which gives the buyer a right to cancel within 15 days after the effective date. After cancelled, the seller must return the deposit. I have cancelled out of these contracts before a few times. You can cancel for any reason.
Look at section 12 in the contract.
https://peopleschoicerealty.com/wp-c...-version-1.pdf