Dale Bohannon - REALTOR - eXp Realty

CORONAVIRUS EXTENSION ADDENDUM FOR FLORIDA REAL ESTATE


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REAL ESTATE CONTRACTS IN A C-19 MARKET: The Florida Realtors Association has a new COVID-19 Addendum. Many new contracts are incorporating this new form that allows important dates to be extended for 30 days due to unforeseen circumstances.  Buyers and sellers may need to extend deadlines due to a disruptions, such as:  "travel restrictions, self-imposed and/or governmental required isolations, potential closures of offices and institutions required to fund, close and record real estate transactions, and actions or inactions of a homeowners' or condominium association". The form includes checkboxes with extension options for: Close Date, Loan Approval, Inspection Period, Title Cure Period,  Association Approval, etc.

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