the villages sales people are licensed agents but not Realtors and do not have the same code of ethics. When we bought they would not take an offer less than 95% or an offer with a contingency.

For those who are not aware there is a difference between "Realtor" and real estate broker or salesperson.

A real estate broker or real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients. In the United States real estate brokers and their salespersons (commonly called "real estate agents" or, in some states, "brokers")[1] assist sellers in marketing their property and selling it for the highest possible price under the best terms.

Realtor is a frequently used word in many countries to describe any person or company involved in the real estate trade, regardless of their NAR status or American residence. However, in the United States, the National Association of Realtors in 1949 and 1950 obtained registrations for the words "REALTOR"[6] and "REALTORS"[7] as collective trade marks.
In 2003, Jacob Zimmerman, a student who was not a member of NAR, petitioned the U.S. Patent and Trademark Office to cancel the trademarks, on the ground that "REALTOR" and "REALTORS" were generic terms rather than a trademark. On March 31, 2004, the USPTO's Trademark Trial and Appeal Board denied the petition

They told us that, they could hold the house for only three hours, and we didn't believe them. That is how we got some very nice people living next door to us in the house we originally wanted.

It is NOT a sales ploy. AND you certainly don't hear often of any village rep rushing or pressuring anybody. I believe it is corporate policy NOT to push...and that is why I like the sales agents who work for The Villages.

They told us that too. And it was true. Our sales agent showed us on the computer that there was someone behind us in line to snap up our house once the hold was up.

i truely believe that if you take the time and read all the contracts, and then loose the house after the 3 hour hold......then it was not meant to be your house after all.....

Don't let them pressure you......and they DO pressure you......

in a perfect world we could look at the contract when/while we start the home search....then we all would be prepared......but I asked and he said no....so what does that tell you....florida realtor board allows the contract to be seen on the web, but the villages has there own contracts.

tell me thats not a pressure play...

New York State Real Estate Law recognized in Florida???
 

The right of recision statute given to NY residents goes back to the days when unsavory people in Florida were selling swampland to unsophisticated northerners. Although this business practice may no longer be happening the statue remains in place. We were made aware of this from our Villages REA who actually encouraged us to use it to our benefit twice. We allowed our 7 days to pass on the third contract and went to closing on our designer in The Villlage of Lake Deaton 23 days later.

New Jersey also allows residents 7 days to back out of a contract with an out-of-state builder without suffering any loss (loss of deposit). The Villages salesperson told us of this right and he actually wrote that date on the top of our contract. As it came to be, we did cancel our first TV contract because there was an issue that was not fully disclosed to us (and was not evident when reading the contract - FEMA flood zone). We went through with the second contract -- happily! My husband and I have bought and sold more than a dozen properties so we are quite comfortable with real estate transactions but this one issue was a no-go for us so we cancelled. I am not sure how many other states have laws that allow their residents to cancel a real estate transaction but I do know NY and NJ give you a week (maybe 3 or 5 days for Ohio, Michigan, but very few others).

I always ask for every document in advance. Blanks are ok if it is not reasonable to fill. I say if I get any new documents I will read, study and maybe seek a legal opinion so schedule enough time.

Admitting that you are incorrect is the first step. Look back a couple of posts to pmbinnj post. He is from New Jersey. They have the same right of recision as do New York residents.

Bonanza -- Below is the language legally required to be inserted into our original contract for purchase of a home in TV. You can assume similar language was in the NY contract. I assure you that some out of state buyers (NY, NJ, Ohio at a minimum) are protected by laws in their home state -- contrary to whatever you incorrectly believe. "Pursuant to New Jersey law, you have the right to cancel your contract or agreement without cause by sending or delivering written notice of cancellation to the developer or his agent by midnight of the seventh (7th) calendar day on which such contract or agreement was executed. All monies paid will be promptly refunded."Feel free to look up statute numbers yourself.