Contracts
The FAR/BAR 'AS IS' Residential Contract for Sale and Purchase allows the buyer to:
ARequest repairs up to 1.5% of the purchase price
BTerminate the contract during the inspection period for any reason✓ Correct
CNegotiate seller credits after the inspection period closes
DExtend the closing date without seller consent
Explanation
The FAR/BAR AS IS contract includes an inspection period during which the buyer may conduct inspections and terminate the contract for any reason, receiving a full refund of their deposit. This is a key feature distinguishing it from the standard FAR/BAR contract.
Related Florida Contracts Questions
- A Florida seller received three offers simultaneously. The seller signed all three, all with the same closing date. This situation results in:
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