In many cases, yes—if your purchase agreement explicitly includes an active appraisal contingency clause or an applicable financing contingency. Under standard Florida contracts (such as the FR/BAR Residential Contract), an appraisal contingency is not automatically included unless specifically added as a rider or part of a financing clause. If your contract waives this contingency, or if...
Buy in Florida
12 Questions You Should Ask Vacant land can look simple. There is no roof to inspect, no air conditioner to replace and no tenant to remove. But land transactions can contain some of the most complicated risks in real estate. A parcel listed at an attractive price may become extremely expensive—or impossible to develop—once the buyer investigates what can actually be built. 1....
For decades, outsiders have often described Orlando's economy primarily through one industry: Tourism. Tourism remains critically important to Central Florida, but that description increasingly tells only part of the story. Central Florida's economy now includes growing clusters in healthcare, advanced manufacturing, aerospace, defense, simulation, technology, financial services and...
Why Jobs, Infrastructure and Development Matter to Real Estate Real estate values are influenced by much more than interest rates. Over the long term, population growth, employment, infrastructure and development patterns can dramatically change a community. That is why serious real estate analysis should include more than home sales statistics. Follow Employment When...
You Are Also Buying Into the Association A condominium purchase is fundamentally different from buying a detached single-family home. You are purchasing your unit, but you are also becoming financially connected to the building and the condominium association. That means the condition of the association can matter almost as much as the condition of the unit itself. Look...
What You Need to Know Before Closing Many buyers focus almost entirely on the house they are purchasing. In a deed-restricted community, however, you are buying more than the property. You are also agreeing to a set of private rules, financial obligations and community standards that may affect how you use your home. Those restrictions can have a meaningful impact on both your lifestyle and...
FWhy Buyers and Sellers Need to Look Beyond the Headlines When people ask whether the Florida real estate market is “good” or “bad,” the question is usually too broad to be useful. Florida is not one real estate market. Central Florida is not one market. Even within the same county, the conditions affecting a condominium, a new construction home, a luxury property, an investment...