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Who Must Tell Buyer about Deed Restrictions?
Kwee Huset, Venice Florida Homes For Sale (Kwee Huset Realty)

 Who Must Tell Buyer about Deed Restrictions?

Most of the newer communities in Venice, Florida have homeowner associations (HOA) with governing guidelines – see Chapter 720, Florida Statutes. Who must tell buyer about deed restrictions?  The seller, the seller’s agent, the buyer’s agent or the association?

deed-restrictions


Seller’s Duty    

If the buyer was not properly informed, whose responsibility will that be? In any real estate transaction the seller has the responsibility for the “disclosure summary” – Section 720.401 Florida Statutes.

When the property is listed, the listing agent has the seller answer all the questions in the (1) Homeowners’ Association/Community Disclosure and (2) Seller’s Real Property Disclosure Statement with the date and seller’s signature.

Even if the seller never lived at the property before e.g. inherited or rental property or the transaction is without any REALTOR®/real estate agent involved e.g. For Sale by Owner. The seller must inform and provide the disclosure summary on the deed restriction of a Homeowner’s Association/Community to the buyer.


Deed Restrictions Disclosure Summary – Section 720.401  

If the disclosure summary required by Section 720.401, Florida Statutes, has not been provided to the prospective purchaser before executing this contract for sale, this contract is voidable by buyer by delivering to seller or seller’s agent written notice of the buyer’s intention to cancel within 3 days after receipt of the disclosure summary or prior to closing, whichever occurs first. Any purported waiver of this voidability right has no effect. Buyer’s right to void this contract shall terminate at closing.


Buyer should not execute this contract until buyer has received and read this disclosure.

1.        Buyer will be obligated to be a member of a Homeowners’ Association.

2.        There will be recorded restrictive covenants governing the use and occupancy of properties in the community.

3.        Buyer will be obligated to pay assessments to the association. Assessments may be subject to periodic change

4.        Buyer may be obligated to pay special assessments to the respective municipality, county or special district. All assessments are subject to periodic change. Failure to pay special assessments or assessments levied by a mandatory homeowners’ association could result in a lien on the property.

5.        There may be an obligation to pay fees for recreational or other commonly used facilities as an obligation of membership in the Homeowners’ Association.

6.        The developer may have the right to amend the restrictive covenants without the approval or the association membership or the approval of the parcel owners.

7.        Prospective buyer should refer to the covenants and the association governing documents before purchasing property.

8.        Documents can be obtained from the Record office in the county where the property is located (or if not recorded can be obtained from the developer.)

9.        Buyer make sure you review the up-to-date Homeowners’ Association’s financial statement and budget – be sure it has sound reserved funds.


Reason has REALTOR®’s representation


Seller may not know the disclosure requirements, however the REALTOR® should. That’s the reason why sellers and buyers need an agent to help them with their real estate transaction before selling or buying, so that the REALTOR® may take care of the details.



 Who Must Tell Buyer about Deed Restrictions?


This information is provided by Kwee Huset of Kwee Huset Realty. It is not legal advice to anyone, and may be subject to change.  




 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®,  CIPS, AHWD, CSP, ESRES, TRC

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

Are you looking to Buy or Sell a Home in the Venice, FL or the surrounding area?  

 

Property Search         Market Analysis  ( Free Home Evalution)

 

 

 

If you enjoy my post, share it with others and

Subscribe

                                                                                                                                        Thank you 

   

 

 

All content in this website, including text and photographs, are the exclusive properties of Kwee Huset, and may not be used without expressed written permission

Kwee%20photo%202012
Venice FL Real Estate Market Reports – April 2012
Kwee Huset, Venice Florida Homes For Sale (Kwee Huset Realty)

Venice FL Real Estate Market Reports – April 2012

 Venice Florida Real Estate Market Reports will provide you a good over view of how residential properties for sale performed during the month of April 2012.

Single Family Homes in Venice FL.

132 units were sold.

The average sold price was a $230,247 home with 3 bedrooms 2 bathrooms 2 car garage and 1891 square foot heated area.

Average days on the market was 125

 

Condos in Venice Florida

69 units were sold.

The average sold price was $143,004 with 2 bedrooms and 2 bath, and 1120 square feet of living area.

Average days on the market was 131

 

Villas in Venice FL

37 units were sold.

The average sold price was $158,055 with 2 bedrooms 2 bathrooms, and 1469 square feet of heated area.

Average days on the market was 119

 

 

Townhouses in Venice FL

1 sold. The sold price was $182,000 with 3 bedrooms and 3 baths.  The days on the market was 2.

 

Manufactured homes

5 units sold.

The average sold price was $68,300 with 2 bedrooms, 2 bathrooms and 982 square feet of heated area.

The average days on the market was 77.

 

The price depends on the location, amenities & condition of the properties (handyman, move in condition, kind of floor, updated kitchen/bathroom, air-conditioner, car port or garage parking & etc.)

  single-family-home-for-sale

 

 

 

 

 

 

 

 

$264,500 Home for Sale in Venice Golf and Country Club.  It has 3 bedrooms, 2 baths and a 2 car garage and was built in 2005 with 1706 square feet of heated area and a total building area of 2325 square feet.

 

 

 

 

 

 

condo-for-sale

 

 

 

 

 

 

 

$189,900 Maintenance free 2nd floor Condo for sale with 3 bedrooms, 2 bathrooms, a 1 car garage and overlooks Capri Isles Golf Course.

 

 

 

 

 

 

 

 

villa-for-sale

 

 

 

 

$162,500 Pet friendly Villa for sale in Myrtle Trace Plantation.   It has 2 bedrooms 2 ½ bathrooms, and 2 car garage with green belt view and Maintenance free.

 

Now is a Great Time to Buy. Interest rates are low. Buying any real estate for a primary home, vacation home, or vacant land is an investment. Before you invest, or even plan on selling a home in Venice FL, it is important to have the right information and an experienced, honest agent.

 

 

 

Based on information from the My Florida Regional Multiple Listing Service, Inc. for the period as mentioned above as of April 17, 2012. This information may or may not include all listed expired, withdrawn, pending or sold properties of one or more members of the My Florida Regional Multiple Listing Service".

 

MFRMLS, Inc. Information deemed reliable but not guaranteed. Parties are advised to verify.

 

Related posts:

 

Venice FL Real Estate Market Reports – March 2012

Venice FL Real Estate Market Reports – February 2012

Venice FL Real Estate Market Reports – January 2012

 

 Venice FL Real Estate Market Reports – April 2012

  

Need someone on your side for your real estate transaction either buying or selling in Venice, and the surrounding area? Just contact Kwee your local REALTOR® so your best interest is protected.

 

 

Kwee-Huset

Kwee Huset

Kwee Huset Realty - Venice Florida Real Estate

Broker/owner, REALTOR®,  CIPS, AHWD, CSP, ESRES, TRC

Call today at 941-716-3090 for results.

info@kweehuset.com   

 

Are you looking to Buy or Sell a Home in the Venice, FL or the surrounding area?  

 

Property Search         Market Analysis  ( Free Home Evalution)

 

 

 

If you enjoy my post, share it with others and

Subscribe

                                                                                                                                        Thank you 

   

 

 

All content in this website, including text and photographs, are the exclusive properties of Kwee Huset, and may not be used without expressed written permission

Jim raising the bar
Spectacular Golf Course View and Cul-de-Sac Home at 589 Khyber Lane in Governor's Green, Venice Florida
James Bath, REALTOR® , AHWD® , SRES® ,e-PRO® (Paradise Realty of Venice)
James Bath | Paradise Realty of Venice | 941-716-0051
589 Khyber lane, Venice, FL
The Jewel Location in all of Governor's Green in Plantation Golf & CC, with Spectacular Views of 3 Fairways & 2 Lakes
3BR/2BA Single Family House
offered at $425,000
Year Built 1993
Sq Footage 2,431
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 17,236 sqft
HOA/Maint $96 per month

DESCRIPTION

LOCATION-LOCATION-LOCATION is an often overworked real estate exclamation, but in the case of the 589 Khyber Lane Property it is very well warranted! The oversized lot was purchased on opening day of sales in Governor's Green, reportedly the 1st lot sold. Imagine living in a 3 bedroom, 2 bath Northern Italian-inspired home of 2431 air-conditioned square feet that is situated on argueably the best view property in all of the Governor's 87 lots. Few, if any, in all of the Plantation Golf and Country Club have a more spectacular location, overlooking 3 fairways and two lakes of the "Panther" Championship Course. This spacious home sits at the end of a oak treed Cul-De-Sac and with a circle-drive to handle your visitor parking with ease. From your Kitchen, Master Bedroom, Living Room, Breakfast Room or Family Room you will have full appreciation of what wide open spaces and quiet recreation can do for one's spirit and psyche! The home is in move-in condition and ready for you to send out invitations. It is indeed a joy for me to offer this wonderful property to you. I will host Open Houses almost every weekend, and I look forward to seeing you and the admiring smiles on your faces!

Great News: A new Barrel-tiled roof was installed in September 2009, using beautiful, glazed tile and all up-to-code means of securing tile to roof!!!

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - High/Vaulted ceiling
- Walk-in closet - Tile floor - Family room
- Living room - Dining room - Breakfast nook
- Dishwasher - Refrigerator - Stove/Oven
- Microwave - Washer - Dryer
- Laundry area - inside - Balcony, Deck, or Patio - Yard
- Jacuzzi/Whirlpool

COMMUNITY FEATURES

- Fitness center - Swimming pool(s) - Sauna/Spa
- Tennis court(s) - Golf course - Lake
- Playground - Gated property

ADDITIONAL PHOTOS


Full Exterior Front

Fairway and Green in View

Entry Way Close-Up

Large Kitchen with Island
Contact info:
James Bath
Paradise Realty of Venice
SL661376
941-716-0051
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Dec 28, 2009, 7:03am PST

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                   James (Jim) Bath, REALTOR®, SRES®, AHWD®, e-PRO®
Serving The Southwest Coast of Florida
Paradise Realty of Venice
206 Harbor Drive South, Venice, Florida 34285
Mobile: 941-716-0051  
Office: 941-488-1111
Toll Free: 800-330-6720
Blog: http://Jim-In-Paradise.com     
 
 
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