Property Damage After A Property Is Under Contract – Who is Responsible?

Post Author: Joshua Hanoud
Tropic Shores Realty
Josh's Website: http://www.HernandoLuxuryHomes.com
Post Date: September 1, 2009
Filed Under: Site Updates | Have a Question or Comment?

The following question was recently posed by a buyer:

Hi Josh – I was going to buy a house in Spring Hill, FL, but I had a question on the insurance for the house. If I signed a contract and then had a home inspection, and after the inspection period expired kids broke in and destroyed and stole stuff from the house… and I still don’t own the house in Spring Hill until the closing date, who pays the cost to repair or replace what got stolen/damaged? Thank you, Glenn

Hi Glenn,

Before I get into the answer to your question, I would strongly suggest you contact a local Florida real estate attorney for guidance, as this has to do with Florida contract law and as a Licensed Realtor in Spring Hill, Florida (and not someone who is licensed to practice law in the State of Florida), I am not allowed to interpret a Legal Contract – however I would suggest that the following clauses of the FAR/BAR As-Is Contract for Purchase & Sale may be useful… Click here to read the rest!

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Post Author: Joshua Hanoud
Tropic Shores Realty
Josh's Website: http://www.HernandoLuxuryHomes.com
Post Date: September 1, 2009
Filed Under: Site Updates | Have a Question or Comment?
About the Author
Josh Hanoud is the #1 Top Producing Agent at Tropic Shores Realty in Spring Hill, FL and in the top 3% of all real estate agents in Hernando County, Florida (2007). He also happens to be the founder of the Hernando Luxury Homes website which aims to showcase the best properties that Hernando County and the surrounding Nature Coast has to offer. Whether buying, selling, relocating, or investing - Josh is proud to offer a higher level of service. Contact him today at 352-397-5182 or Josh@HernandoLuxuryHomes.com to see what he can do for you.

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