Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Advice: Buying a pre-owned house in TV with all cash (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/advice-buying-pre-owned-house-tv-all-cash-307204/)

Double Eagle 06-13-2020 02:03 AM

Advice is all over the map here. At a minimum you will want a home inspection, title insurance and a lawyer at closing.

TNLAKEPANDA 06-13-2020 07:05 AM

I would get Title Insurance on a pre-owned home for sure but not on a new one from the Villages.

trekker954 06-17-2020 05:56 PM

Let me update you all since I started this post. I came up (from South Florida) on June 6, on Day 3 of a 2 week stay, I found my house (believe me I looked at tons, mostly just open houses so I didn't have to really deal with realtors. Anyway, it wasn't the model or the type or even location that I thought I wanted to live but I loved the neighborhood, and loved the house. It was a preowned TV properties, I did get a steal. Its in Pine Hills and is a designer built in 2017. The previous owner also paid cash and are you ready...........paid off the bond!!!! It was really only lived in about 10 months over the three years and never rented. It looks brand new and the owner replaced the carpet with hard wood (which was always on my checklist) I think in November. It was priced to sell quick and i did offer him under which he accepted.

I then had to deal with Pinninsula Title. ugh. They couldn't do it as quick as I wanted because they are so backed up. I was told they sold 200 homes last month "during Covid". I Gathered my cash together and could tell it was easiest if I just opened an account with Citizens and put the money there, so they could just transfer it between accounts in their own bank. TV Properties, Citizens, Pinninsula all are in bed together. I knew I was in a bubble, but it really shows when you are buying a house here.

The offer was conducted via electronic docs and so was the closing. Well lets just say I pre-signed the closing documents today, the seller will tomorrow and I'll move in Saturday. No one can tell me a cash deal doesn't go more quickly or smoothly.

Pinninsula supposedly is not doing any face to face closings.

Oh the best part, Saturday I walked into the Villages Golf Carts and bought a new 2020 ride. Free financing for three years, so I didn't pay cash. :1rotfl:

Now I feel like a Villager and so happy to be here.


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