Page 19 - Abacoa Community News - November '24

Abacoa, Page 19

The Simmonds Advantage

Elevate your Real Estate Experience

When Disaster Strikes...

Here’s what you Need to Do.

Closing on a home is usually a straightforward process, but sometimes unexpected events—like extreme weather,
accidents, or even global pandemics—can throw a wrench in the timeline. While these situations are beyond your
control, there's still a way to manage the narrative if you find yourself facing delays. Enter the "force majeure"
clause. And no, it’s not a fancy French pastry—this could be the very thing that saves you in an unfortunante
situation.

A "force majeure" clause is a legal provision that can be invoked to protect
both buyers and sellers from unforeseen disruptions. But what exactly is it,
and how does it impact real estate transactions?

In simple terms, a "force majeure" clause provides relief from contractual
obligations when events beyond your control make it impossible to meet
them. Think natural disasters, pandemics, or government actions. In real
estate, this clause doesn’t cancel the contract but rather delays the closing
process, giving both parties extra time to fulfill their obligations.

Understanding how this clause works can help buyers and sellers better
prepare for unexpected disruptions during the closing process. It acts as a
safety net against delays caused by factors beyond anyone’s control, offering
peace of mind to everyone involved.

Make sure your real estate agent is well-versed in navigating situations that
call for a "force majeure" clause. It’s yet another example of how working
with an experienced agent can make all the difference in your real estate
journey.

The Simmonds Team has over 450+ 5-star Reviews

AMY & JOHN SIMMONDS - REAL ESTATE ADVISORS
AMY:561.427.3617 / JOHN: 561.662.7358

AMY@SIMMONDSTEAM.COM / JOHN@SIMMONDSTEAM.COM

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material
presented herein is intended for informational purposes only. Information is compiled from sources
deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal
without notice. This is not intended to solicit property already listed.ww Photos may be virtually staged
or digitally enhanced and may not reflect actual property conditions.