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TSI Season 2 Podcast # 7 NABOR vs. FAR Bar, Real Estate Contracts in Naples, FL
Manage episode 470346477 series 2944434
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Sergio DeCesare and Rick Kooyman discuss the nuances of real estate contracts in Naples, Florida, specifically the board contract, the neighbor contract, and the state contract called the Fire bar. Rick emphasizes the importance of due diligence, especially for vacant land, and highlights the differences between the two contracts, particularly regarding defective items and mold. He explains that the neighbor contract shifts more liability to buyers, while the Fire bar contract is more balanced. Rick also stresses the importance of thorough inspections, including environmental assessments, and the potential for addendums to modify contract terms. He offers a 100-day warranty program to mitigate risks for homeowners.
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