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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/)
-   -   Most unprofessional experience trying to purchase my first home in TV. (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/most-unprofessional-experience-trying-purchase-my-first-home-tv-357819/)

BrianL99 04-06-2025 06:54 AM
Quote:
Originally Posted by ron32162 (Post 2421517)
The villages makes their commission on the full price with a rebate on roof instead of lowering the price by 5k on the house and taking a loss on their commission. Its all about The Villages not the buyer.

I'm doubt the additional $300 in Commission attributable to a roofing allowance, would lead someone to break the law and put their livelihood at risk.

motherflippinpicker 04-06-2025 07:03 AM
Quote:
Originally Posted by Craig Vernon (Post 2421380)
So, I found a home on the VLS made an offer based upon agent video walk through. Seller stated original roof on 2008 home willing to offer 10k toward replacement. I offered 5k less than price. My VLS agent calls me and says they are only going to give rebate for roof with a full price offer. I submitted a full price offer with roof being inspected within three days as contingency to make sure the home was insurable. The agent calls me and says there is another offer both cash offers btw but they were going to counter my offer with removing the contingency. I disclosed to the agent that I couldn't buy a home that I may not be able to insure she stated that because it is a cash offer and that I could. I said well I cannot have a home in another state that may not be insurable. She said so you are willing to lose this deal? I said I guess I wouldn't have a choice but have them counter and I will respond. Agent two hours later calls back and says they took the other offer. The seller never responded to my offer at full list price or countered. I have purchased ten homes in my life and I know there are 1799 more to choose from on the market but...wow. Not feeling very happy with TV listing service or agents at the moment.. Have a great evening one and all!
I'm sorry your experience was poor. I would recommend Shalyn Barker as your VLS agent, she's phenomenal. She listens and is not at all pushy. I would also recommend thinking of purchasing a new or newer home if insurance worries are a factor.

We had two home sales fall through due to insurance issues. We are in a new home and could not be happier. The Florida insurance market does seem to be improving but there is still a long way to go.

I also hope you enjoy your new journey in buying a home. I think finding a better matched VLS agent will make the process more enjoyable for you and it should be enjoyable.

An early 'welcome to The Villages' from me.

KendallW 04-06-2025 07:07 AM
Cash is King...they don't have to worry about insurance

msilagy 04-06-2025 07:15 AM
The VLS agent did the same thing with me. They are shoddy (not all) and in my case I don't think the offer was presented to the seller. Another buyer came along 2 days later. Then she said I had to pay full price to get the home. I did but WOW!

Switter 04-06-2025 07:30 AM
Quote:
Originally Posted by Craig Vernon (Post 2421380)
So, I found a home on the VLS made an offer based upon agent video walk through. Seller stated original roof on 2008 home willing to offer 10k toward replacement. I offered 5k less than price. My VLS agent calls me and says they are only going to give rebate for roof with a full price offer. I submitted a full price offer with roof being inspected within three days as contingency to make sure the home was insurable. The agent calls me and says there is another offer both cash offers btw but they were going to counter my offer with removing the contingency. I disclosed to the agent that I couldn't buy a home that I may not be able to insure she stated that because it is a cash offer and that I could. I said well I cannot have a home in another state that may not be insurable. She said so you are willing to lose this deal? I said I guess I wouldn't have a choice but have them counter and I will respond. Agent two hours later calls back and says they took the other offer. The seller never responded to my offer at full list price or countered. I have purchased ten homes in my life and I know there are 1799 more to choose from on the market but...wow. Not feeling very happy with TV listing service or agents at the moment.. Have a great evening one and all!
As others are saying here I'd, I just move on. In my neighborhood in the north of the villages, there are three homes for sale just on my street alone. All of them have been sitting for a long time and the prices keep dropping. This is a great time to buy if you're patient. I bought in 2023 when the market was still strong and prices were still high. I wish I would've waited two years before buying but hindsight's 20/20 I guess. It's also approaching summer now and things will slow down even more. Spring is typically the busy time in real estate so prices are gonna be higher.

Have you thought about doing a long-term rental down here, like say maybe a month or two? The long-term rentals over the summer are substantially cheaper. When I rented for the whole months of July and August (2023) I got a very nice villa in Pennecamp for $2200 per month. That's like half the cost during prime season. This would give you time to see places in person.

I envy you, you're sitting in a very good place.

jimmy o 04-06-2025 07:39 AM
Quote:
Originally Posted by rustyp (Post 2421409)
What is the documentation under Florida law (which I am not familiar with) that gives proof the offer was presented ? Must be something in writing like I suggested.
No there is no written proof that the offer was presented if the seller rejects and does not counter. An offer is written into a contract, so the contract is proof of offer being made by buyer, but if seller reads that contract and disregards it there is no proof that the buyer received that offer. E.g. Seller may be thinking over an offer and then another offer comes in that is better and decide to deal with the new offer. Then first offer is rejected and ignored. There is absolutely no reason or obligation for the seller to sign anything on that rejected offer.

TomSwango 04-06-2025 07:41 AM
I do not understand what the problem was. The Seller chose to sell to someone else for whatever reason. That is their choice. Move on. Best wishes

rsmurano 04-06-2025 07:44 AM
You can make any offer you want to a seller of a used house. 4 years ago when things were selling in a couple days, I offered $60k less from asking price and they countered to $50k less. Now, with houses on the market for months (used houses now), depending on what the owner paid for the house, how desperate they are, and how much I wanted to spend or how bad I want the house, you might pay full price or offer hundreds of thousands off the listing price. I would always get an inspection and have a clause to back out of deal or have seller fix the repairs needed.

As for roofs older than 15 years old, yes, an insurance company can refuse covering you unless you get a new roof. I’ve never encountered this in other states, but in Florida, insurance companies require this.

Malsua 04-06-2025 07:49 AM
Quote:
Originally Posted by BrianL99 (Post 2421484)
I quoted the FL law and included a screen shot of what it says. That's where my statement came from.



That's been true in Florida for at least 15 years. How is that unreasonable?



& some how, that isn't reasonable? 60%-70% of the life expectancy of the roof has been used up and folks think an insurance company should pay the FULL VALUE of a NEW roof when their used up roof is damaged?

You said:

>>>>>Most insurance companies will insure a home, regardless of roof condition.

This is simply NOT TRUE.

I made no comment on whether an insurer should pay to replace an old roof. I don't believe they should. Anyone that gets a 10ish year old roof replaced for free because of some walk-up roofing dude says it has "damage", likely just cost the rest of us money.

bonbonn 04-06-2025 08:04 AM
dont let them pressure you there are thousands of homes for sale here, market has slowed down

Biskopski 04-06-2025 08:21 AM
Count Your Blessings
 
Quote:
Originally Posted by Craig Vernon (Post 2421380)
So, I found a home on the VLS made an offer based upon agent video walk through. Seller stated original roof on 2008 home willing to offer 10k toward replacement. I offered 5k less than price. My VLS agent calls me and says they are only going to give rebate for roof with a full price offer. I submitted a full price offer with roof being inspected within three days as contingency to make sure the home was insurable. The agent calls me and says there is another offer both cash offers btw but they were going to counter my offer with removing the contingency. I disclosed to the agent that I couldn't buy a home that I may not be able to insure she stated that because it is a cash offer and that I could. I said well I cannot have a home in another state that may not be insurable. She said so you are willing to lose this deal? I said I guess I wouldn't have a choice but have them counter and I will respond. Agent two hours later calls back and says they took the other offer. The seller never responded to my offer at full list price or countered. I have purchased ten homes in my life and I know there are 1799 more to choose from on the market but...wow. Not feeling very happy with TV listing service or agents at the moment.. Have a great evening one and all!
A Seller offering a roof credit upfront knows there is a roof problem and if you would have accepted their terms you would have been unable to have voided your agreement when you would have found out a new roof is going for around $20k plus or minus depending on home size. In life everything happens for a reason. When you find your new home you will look back and smile.

Bay Kid 04-06-2025 08:25 AM
Karma. That was not the home you were meant to own. You need to be here. Come stay and look with a real agent that will represent you and a Village Rep for their properties. You should be able to find that perfect home in less than a week.

gorillarick 04-06-2025 09:04 AM
bamboozled
 
New construction in 2006. Original roof.
After last fall's hurricane, had a small stain on outside wall, but inside of course - on drywall.

Called an independent roofer specializing in repair only, (no longer any affiliation with any roofing company).

Found a loose (raised) nail under a shingle. Voila, ten minutes later fixed. Had him smear some sealant anywhere else where it seems like it needed a dab.

Asked how much longer I have on the roof before I should replace.
Said something like; 'unless some storm damage, that roof is good for another 20 years.'

Admittedly, I do hold my breath every year when I get the bill to renew my policy.
I'm gonna wait til I have-to. Will be a selling point when I do have plans to sell to have a fairly recent roof.

Pugchief 04-06-2025 09:33 AM
Quote:
Originally Posted by CarlR33 (Post 2421436)
insulting them further with $5K under.
Quote:
Originally Posted by rsmurano (Post 2421540)
You can make any offer you want to a seller of a used house. 4 years ago when things were selling in a couple days, I offered $60k less from asking price and they countered to $50k less. Now, with houses on the market for months (used houses now), depending on what the owner paid for the house, how desperate they are, and how much I wanted to spend or how bad I want the house, you might pay full price or offer hundreds of thousands off the listing price.
Ya, not sure how offering less than listed price is "insulting". Unless it's a seller's market (low inventory with high demand like in 2020) it is typical to offer less than list, sometimes way less as rsmurano pointed out. The current climate is a buyer's market (high inventory with lower demand) so offering less than list is the way to go. IMHO

BrianL99 04-06-2025 09:42 AM
Quote:
Originally Posted by Malsua (Post 2421545)
You said:

>>>>>Most insurance companies will insure a home, regardless of roof condition.

This is simply NOT TRUE.
You're right. I should have said "regardless of age".


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