Talk of The Villages Florida - View Single Post - Deposit for purchase
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Old 01-25-2022, 06:15 AM
jonathanb jonathanb is offline
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If you decide you do not want the house you went to contract for you cannot get your money back. But The Villages will sometimes at their discretion put it in a TBA ( to be allocated ) account for 90 days but they will penalize you depending how long they had the house off the market. But they do not have to do this for you. Your representative can find out if they will do this for you and how much your penalty will be. Also, if you find another home and you just switch from one house to another the new home must be able to close on the same day. I was a Village sales rep retired 2 years ago. This is how it was done unless its changed.