Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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In other words you wanted a contingency clause in your contract to purchase and there was none?
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
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#17
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If your home in The Villages is priced right it should sell quickly. If the same sales person is handling both side of the transaction perhaps he could get an extended closing date on the new home.
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#18
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The NYS right of recission only applies to NEW homes, not resales....I think.
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#19
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You can get an extension for a price. |
#20
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I have learned that a polite real estate agent will smile if you ask about a contingency clause tied to you first house selling. ![]() ![]() Good luck resolving your problem. Once it's behind you, all will be good. |
#21
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So sorry to hear of the situation you are in. I do hope all works out for the best!
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#22
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Yes, after you sign you have 30 days to close, you can extend this by paying $40 a day. Although the 5% incentive was very attractive we elected to wait and sell ours before buying. Feb incentive is now 4%.
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#23
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It's not normally permitted, but TV does seem to have a high inventory of new homes right now. Anyway, take heart, this is the best time of the year to sell. If your house is priced properly and shows well, it should be snapped up! Best of Luck to you.
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Barefoot At Last No act of kindness, no matter how small, is ever wasted. Saving one dog will not change the world, but surely for that one dog, the world will change forever. |
#24
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Are you saying that you were "tricked" into buying a new house? I have read and reread all posts here and I am having a difficult time understanding the situation. Why didn't you sell, or at least get your current home In Contract with a buyer before you even looked at another home? And as you stated, Why didn't you hire an attorney to review your purchase agreement? That is a must anywhere, not just in The Villages.
You seem to be playing the woe is me card claiming to be a victim of the evil developer. Yes, the developer and agents are interested in selling homes. That's what they do. But I don't believe for a second that they have to resort to underhanded tactics to do so. We are all responsible for our investments and purchases. And if we do something we regret, buy something we shouldn't have, or act irrationally (which we have all done a time or two), suck it up, find a solution and take responsibility for yourself. |
#25
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caveat emptor
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It's harder to hate close up. |
#26
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i feel for you.....I know how hard it can be with two mortgages.
We also did a similar thing, the salesman assured us our home would sell extremely quickly and not to worry.......Well it didn't.... We regret listening to the salesperson, but we should of known better..... they are only out for the money and can care less about you once the deal is done.... Advise.....not good....but what we had to do after a few months on the market is to lower the price so we would loose money with the sale, but with it on the market for 8 months, we were loosing more money paying two mortgages.... Best of luck.... |
#27
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We waited until we were HOMELESS. But thank heavens we were taught to save our money and to proceed cautiously and not blame other people for our decisions.
Fiscally conservative Gracie.
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It is better to laugh than to cry. |
#28
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I never knew until beginning to follow TOTV that so many 55+ people were so naive. The OPs advice to read a contract is good. the inuendo is not good
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"All that is necessary for the triumph of evil is that good men do nothing" Edmund Burke 1729-1797 |
#29
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A bit off topic, but it was touched upon...
Has anybody used a "bridge loan" to facilitate a buy-home-first-then-sell-existing-home-after? No guarantees of course how quickly your home will sell, but the bridge loan is supposed to help you temporarily own two homes while you wait for your home to sell. It would surely be nice to leisurely shop for a house, act quickly when you find the right one, then sell your existing home even if it took a little while. It would certainly beat having to buy quickly after selling, or renting for a while or any similar scenario. |
#30
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That might be true in your case, but it isn't always true. I know many Purchasers who continue to have a personal friendship with their agents. As far as your home sale, I obviously don't know the facts in your personal situation. But I do know that homes that show well and are priced at market value usually sell quite quickly in The Villages. Whereas homes that are priced above market value usually sit and sit until the price is reduced.
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Barefoot At Last No act of kindness, no matter how small, is ever wasted. Saving one dog will not change the world, but surely for that one dog, the world will change forever. |
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