Talk of The Villages Florida

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-   -   Possibly the worst VLS home close experience? need advice.... (https://www.talkofthevillages.com/forums/realtors-mortgage-property-management-companies-261/possibly-worst-vls-home-close-experience-need-advice-336633/)

Maker 11-14-2022 06:55 AM

I recall something about 1.5% of selling price is held back for a period of time where buyer can submit a claim for correcting an issue that should not have been present at closing. I did not need that, so my memory is not too clear about it. Worth asking. You could fix a bunch of stuff that was not right using seller's money.

retiredguy123 11-14-2022 06:59 AM

Quote:

Originally Posted by Maker (Post 2157436)
I recall something about 1.5% of selling price is held back for a period of time where buyer can submit a claim for correcting an issue that should not have been present at closing. I did not need that, so my memory is not too clear about it. Worth asking. You could fix a bunch of stuff that was not right using seller's money.

Not true. There is no money held back, unless it is a private agreement between the buyer and seller. And, I am sure that the broker would never allow any of their commission to be held back.

Kelevision 11-14-2022 07:22 AM

All I’m going to add to this post is….. EVERYTHING in central FL was closed on nov 10th. No mail delivery, disney and all the parks were shut down, etc. I’m surprised anyone went through with the closing at all?

retiredguy123 11-14-2022 07:30 AM

Quote:

Originally Posted by Kelevision (Post 2157445)
All I’m going to add to this post is….. EVERYTHING in central FL was closed on nov 10th. No mail delivery, disney and all the parks were shut down, etc. I’m surprised anyone went through with the closing at all?

Maybe because it was Thursday, and Friday was a holiday. They didn't want to wait until Monday to get the money.


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