Same situation goes for owner financed deals or subject to, you need to bring value to the seller and your agent can convey that value in an attractive way.

Also, if the subject property is in California, or any other DOT state, you have some additional considerations with the conveyance. 

Can a new broker then tack on a much higher fee like this, or is it more likely that one broker conveyed different information about the property to Hartford?

Thanks for the questionYes it does First - get insurance in place correctly -- use a proven insurance provider -- this is most important Educate seller to not contact the bank Use a trust structure to have the conveyance appear to comply with Garn St GermainBe ready to fix if needed via a deed flip flop or paying off the mortgage These transactions should only be attempted by experienced and ready investors -- those with the knowledge and ability to fix if neededThanks Alan

Says this is according to Fannie Mae requirements.I explored seller financing but she wanted prime +1% and full asking price and was not able to convey existing furniture to me... so it was less attractive to me.We'll see if it sits on the market, and comes down in price and I can then make another offer.Thanks again!

The detail in my post was to convey the timeline and establish that the leak was reported in a timely fashion.

Is this the same thing as conveyance tax?

Just so you all know, my brother was blocked by a moderator (I wonder who), but wanted to convey his response here (see below). 

., a 10% cap on annual increases in a property’s assessed value for Florida property tax purposes) on the subject property COULD NOT be retained by the LLC after the transfer.Now your 10% annual tax cap is GONE🤯Despite the Florida Supreme Court's recent denial of discretionary review, making the decision final, the S & A case could significantly affect real property taxes for various related-party real estate conveyances.

As I have begun to push back more, I have discovered just how many professionals take short cuts, over sell and under deliver and/or convey inaccurate information.