Quote:
Originally Posted by Craig Vernon
So, I found a home on the VLS made an offer based upon agent video walk through. Seller stated original roof on 2008 home willing to offer 10k toward replacement. I offered 5k less than price. My VLS agent calls me and says they are only going to give rebate for roof with a full price offer. I submitted a full price offer with roof being inspected within three days as contingency to make sure the home was insurable. The agent calls me and says there is another offer both cash offers btw but they were going to counter my offer with removing the contingency. I disclosed to the agent that I couldn't buy a home that I may not be able to insure she stated that because it is a cash offer and that I could. I said well I cannot have a home in another state that may not be insurable. She said so you are willing to lose this deal? I said I guess I wouldn't have a choice but have them counter and I will respond. Agent two hours later calls back and says they took the other offer. The seller never responded to my offer at full list price or countered. I have purchased ten homes in my life and I know there are 1799 more to choose from on the market but...wow. Not feeling very happy with TV listing service or agents at the moment.. Have a great evening one and all!
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As others are saying here I'd, I just move on. In my neighborhood in the north of the villages, there are three homes for sale just on my street alone. All of them have been sitting for a long time and the prices keep dropping. This is a great time to buy if you're patient. I bought in 2023 when the market was still strong and prices were still high. I wish I would've waited two years before buying but hindsight's 20/20 I guess. It's also approaching summer now and things will slow down even more. Spring is typically the busy time in real estate so prices are gonna be higher.
Have you thought about doing a long-term rental down here, like say maybe a month or two? The long-term rentals over the summer are substantially cheaper. When I rented for the whole months of July and August (2023) I got a very nice villa in Pennecamp for $2200 per month. That's like half the cost during prime season. This would give you time to see places in person.
I envy you, you're sitting in a very good place.