Buying a home in The Villages...I think!
 

Put in an offer with VLS, it was accepted, paperwork done and signed. Pending 4 point inspection which showed some minor issues.
Home still shows "for sale" and not "pending" on The Villages VLS site. It's been almost a week since signing the paperwork. Only a few days since the inspection.
What could be going on? Any ideas?

Why not ask your agent to call the listing agent and inquire?

Exactly. Why would a person not call their sales agent with questions before posting here? Just don’t get it.

Read your contract. Usually, there is a clause for the seller to reject the contract if the inspection defects exceed a certain dollar amount and they don't want to fix them. But, there should be a short time frame for them to decide. The Villages is not required to change the listing to pending. You don't own the house until you go to the closing.

If it is not shown as "pending" the VLS agents may possibly be continuing to show the home as well. Why not call and ask what is going on with the house?

I’m sorry , I missed the location and neighborhood!

Always remember that the VLS agent represents the seller, not you. They are going to do what is best for the seller. That is why you should carefully read the sales contract and know your rights and responsibilities.

Listing agents like to get calls on their houses. They will tell people it's pending and redirect to their other listings. Opportunity knocks.

Until you sign off on the inspection or any other contingencies your house is not pending.You will be signing a form that will be given to you by your agent. If you have already signed off then the house is yours they have to sell it to you. Many times the selling agent is so busy they fail to update the listing to pending. Yes those extra calls on the house are leads for the agent. No worries it's your house as long as you close. Trust me the seller is just as anxious to sell and get their money as you are to move in. Enjoy and cheers!

They keep it listed until the sale is final, sometimes the buyer backs out for various reasons.

Should not be a problem. They are just busy.

Being a retired Villages rep. If the only contingency is inspections it should be pending. Most likely and oversight on contract to change the status. Call your rep.

I agree with everything you said except “Make them an Offer”. Realtors & TV won’t take offers. We tried that & they said NO OFFERS, we will have it sold in a week. Not trying to step on your toes, but TV knows any house they have will sell for their asking price!

That may apply to new houses, but you can make an offer on a resale.

Since when won't Realtors take offers?

NOT TRUE! I made a offer In may 22 and it was accepted VLS agent said full price i said NO

Many homeowners have closed with Plumbing issues and electrical issues which I can attest to have helping them myself being a master Plumber for 55 years before you give any money you should personal check every plumbing fixture many times for sewage problems which has been common.

Yes, back out of the sale if you can and if you are going to spend summers here. Summers are too HOT. Try the Carolinas - maybe near the Research Triangle. Your money will go just as far (or further) and you avoid the HOTR summers. Don't get me wrong, if you CAN be a snowbird and maintain 2 homes, then the Villages is a wonderful place to live and be active.

Looks like it's probably the inspection and cost to repair those items, keeping them under the 1.5% purchase price cap on the contract.

Representing the seller
 

EVERY sales agent in EVERY state represents the seller. VLS or MLS makes no difference.

Helpful, as usual...

Why would a person be critical of a person asking for advice. Maybe they didn’t think of asking their sales agent. Just don’t get it.

LOL,,That comes under the.... I'm sorry we JUST put a contract on that home but we have one just down the street we can show you.

Sure, except it’s 41 in Durham NC today and 80 in the Villages.

Summers are not that bad in FLA, it’s hot, but bearable.

"A Florida buyer agency agreement grants a licensed agent the opportunity to locate a property for a potential buyer and make offers on their behalf. An agent will typically receive compensation in the form of a sales commission when the transaction is complete, although certain brokerages may demand payment in the form of a one-time fee or hourly wage. The agent will have the authority to represent the buyer until a suitable property is purchased or upon the expiration of the contract; four (4) months to one (1) year is standard but any duration is permissible."

From: Free Florida Buyer Agency Agreement - Word | PDF – eForms

The compensation clause is very confusing. If the buyer's agent is receiving part of the listing contract commission, then the buyer broker is being paid by both the buyer and the seller. This appears to be a conflict of interest and a violation of Florida law. But, if the buyer is paying a separate commission to the buyer broker, and the buyer broker receives none of the listing contract commission, there would be no conflict, but very few buyers are going to be willing to do that.

The Florida law in this area is about as clear as mud. But, it does say:

"A real estate licensee may not operate as a disclosed or nondisclosed dual agent. As used in this section, the term “dual agent” means a broker who represents as a fiduciary both the prospective buyer and the prospective seller in a real estate transaction."

For every hater of summers here, there are 3 or 4 persons who love it and enjoy the sun along with the emptiness.

We should get a survey on whether the summers are too HOT here in Fl. And we should do it by age. I would imagine that a 50-year-old would be able to PHYSICALLY HANDLE the heat better than the 75 and 80-year-olds. I REALLY don't know the answer to that. And I WOULD !!!!!!!

According to google, the average temp in Orlando is July is 92, in chapel hill, its 89

And its 80 in TV today, and 40 in NC today

watch them we had a lot of trubble with them

we are selling our home and wont use them

We all know that 90 degrees in Fl. is WAY hotter than 90 degrees in TN. or North Carolina. There is this LITTLE thing called HUMIDITY.

SHHH... You'll only confuse him...

Summers in the DC area are "Hazy, Hot and Humid", typically 90's in July and August... Pretty much the same as in TV...

BTW, it snowed in the DC area last night... How was your evening?

You've obviously never been to DC in the summer... Nor Charleston, SC, The Outer Banks, NC, or Nashville... Nor hundreds of other cities...

Humidity isn't only limited to FL...

You seem to be so miserable, living in TV...

May I suggest a move to NC, maybe the "Research Triangle"... I hear the weather is much better and the cost of living is lower...

We are here year-round and completely happy. No hotter than NJ and we have our own pool. Jump in anytime day or night. Everything is air conditioned. Easier to get a res at the better restaurants life is great!

Lived in Tn, Az, Oregon, Pa, Ca., Kansas, and Nebraska. Also besides humidity, Fl. is closer to the Equator than say Tn. and believe me I could tell the difference. Felt much hotter at the same temperature in the sun of Fl. The sun IS more intense. Actually, I have been to Nashville and it can feel HOT in the summer. The feeling of HEAT can also be affected by altitude and also population density.

Not really, and they sometimes they
may not drop below 85 at night.

Another completely irrelevant response to one of my posts...

Question, Did you sign a Contract to purchase or a offer??? Once a Offer is accepted then you have maybe a couple of days to have a house inspection. Then you need to sign a contract to purchase. If you did not sign a Contract to purchase the house will remain for sale until you sign a contract. You need to talk with your sales rep and clarify whats going on? Now if you did sign a contract pending a contingency then if someone comes along and offfers the asking price or more then you offered with no contingencies then you could lose the house.

Not exactly. Typically, when you make an offer and it is accepted, you have a contract to purchase, with one of more contingencies. The contract is usually signed before the inspection is made. But, you cannot lose the house to another buyer as long as you have a signed contract to purchase the house, contingencies or not.