Time Limit
Buying a Miami real estate property is sort of a waiting game. You must specify to the seller how long you are willing to wait in the contract. You will also have to include the time you are giving the seller for his or her response. It is important to add this in the contract otherwise the seller will sit on your offer and wait something better to come along. And if you are making an offer to multiple homes at the same time, you can easily cancel an offer any time before it has been accepted.
Personal Property
When you say personal property, it is anything that can be picked up and moved. The Miami real estate property you are planning to purchase is the real property and the personal properties are anything attached to the real property. The seller is entitled to take the personal property within the property. However, you must state in your contract the personal property you want the seller to leave behind. For instance, if you want the refrigerator or the dishwasher, you should state that you want your seller to leave those behind.
Condition
You must also state in the contract the condition you want the house to have when you receive it. This is important as things may still happen after a home inspection. You can easily solve this issue, fortunately, by requesting a final walkthrough.
Proration
You should also include within the contract the items which will be prorated and how you want them to be prorated. If the seller has paid taxes on the house for a specific number of months, for instance, the seller may want a portion of the money back. There are, of course, several factors that can affect proration. So be sure to work closely with your agent during this stage.
Other Provisions
Lastly, you must include other provisions with the Miami real estate contract. This may include confirmation of the type of zoning, what happens during natural disasters, etc. Your agent should explain to you the other provisions you may need to include in the contract.
Mark Michael Ferrer
Miami Real Estate
Keywords: Miami, Miami home, Miami real estate, Miami real estate market, real estate