Contract Analysis

This is a purchase agreement for a 3-bedroom condo at 2847 Palm Vista Drive in Tampa, FL, priced at $485,000. The buyers (Michael & Sarah Chen) are putting down 20% ($97,000) with a conventional loan and have deposited $15,000 in earnest money. The seller (Coastal Realty Group LLC) is providing a $5,000 credit toward the buyer's closing costs. Key deadlines: The buyers have 14 days for inspection (March 30), 25 days for appraisal (April 10), and 30 days to secure financing (April 15). Closing is set for May 15, 2026. The contract includes standard contingencies for inspection, financing, appraisal, title, and HOA review. The property comes with appliances, washer/dryer, window treatments, and two parking spaces. There are several items that need attention: the earnest money refund language is vague, the financing and appraisal deadlines may conflict, the post-closing possession terms are incomplete, and the HOA review period may be too tight given how long HOAs typically take to produce documents. Monthly HOA dues are $275 through the Palm Vista Community Association.