Contracts
A Florida real estate transaction is subject to a 'subject to' clause requiring the buyer to obtain a satisfactory home inspection. If the inspection reveals issues, the buyer in a typical FAR-BAR AS IS contract may:
ARequire the seller to make all repairs identified
BCancel the contract and receive a refund of their deposit if done within the inspection period✓ Correct
CWithhold a portion of the purchase price at closing to cover repairs
DOnly cancel if the defects exceed a specified dollar threshold
Explanation
The FAR-BAR AS IS contract gives the buyer the right to conduct inspections and, at their sole discretion, cancel the contract for any reason (or no reason) within the inspection period — receiving a full refund of their deposit. The seller is selling AS IS and is not required to make repairs. The buyer's only remedy within the inspection period is to accept or cancel.
Related Florida Contracts Questions
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