![]() |
Seems to this post is not a matter of IF the OP will get a return of deposit but WHEN
|
Quote:
|
Quote:
|
What did the OP’s post say before it was edited 2 hours after posting ? Seems like something is missing. Did an over 10 year old roof change to major problems?
|
In Florida, most realtors consider that the inspection clause allows a potential buyer to back FOR ANY REASON during the inspection period. I just went through it selling a house in St Pete Beach (before hurricane), and two buyers backed out with any inspection being done. One was surprised at insurance costs, the second was a scumbag that literally "just changed his mind after 7 days". While the standard Florida clause say different, the realtor agency would not support me in either case saying the clause did not apply since no inspection was done.
I strongly believe I could have fought in court, but of course that cost money and time. There is no doubt you should get your money back given legitimate inspection findings, but the most honorable thing to do is offer the seller an opportunity to repair issues (new roof etc). Insurance is not an excuse IMHO, roof issues if real are. |
Quote:
|
Contact an attorney
|
Quote:
Semantics aside, if you properly cancelled and you think it has taken too long for return of earnest money you should 1) check your contract for terms on this issue 2) go to the manager of The Villages Sales and give X business days to return (again your contract terms) if you don’t receive the funds file a complaint. time to return is 1-5 business days in all cases I’ve been party to. Weeks is too long. Make sure everything is in writing. |
Quote:
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 |
Quote:
|
Quote:
|
Quote:
|
Quote:
The OP didn't say that it was an "as-is" contract, so, without confirming, that is a fairly large assumption. I have never purchased a house with an as-is contract. |
Quote:
Here you go - you start here, you want to bring this to the FREC. What is the Florida Real Estate Commission (FREC)? |
Quote:
|
All times are GMT -5. The time now is 02:40 AM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Search Engine Optimisation provided by
DragonByte SEO v2.0.32 (Pro) -
vBulletin Mods & Addons Copyright © 2025 DragonByte Technologies Ltd.