Talk of The Villages Florida
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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/)

Snakster66 04-07-2025 12:58 PM
Quote:
Originally Posted by Craig Vernon (Post 2421632)
Thanks to all. I was just venting after a long day of back and forth. I do not think anything was shady just different from what I was used to. All the deals on homes I have made in the past were in writing not over the phone. For those who mentioned not seeing the home I was going to fly out today to see it within the three-day window for the contract. Anyway thanks for not kicking me too hard when I was down. I will be down for the month of May to continue the search in person. Have a wonderful day.

Looks like you are basically at the stage I was in this time last year. Best of luck in your continued search. My philosophy was (and is), there's always another house. I saw a lot of houses I liked last year come and eventually go when I was not quite in position to move on something. My wife would get bummmed sometimes, but I just kept saying, "there' always another house". And, of course, there was. Very happy with where we are now and it's shaping up quite nicely after renovations. So again, best wishes on your continued search. If you have time for golf, hit me up and I'll make the tee time.

manaboutown 04-07-2025 05:30 PM
As I understand it Seller received offers from the OP and another prospective buyer. Seller responded with counteroffers to each of them. Buyers consequently responded with further counteroffers. It went back and forth until Seller elected to sell to one of them. Buyer and Seller then signed a contract. End of a fairly typical residential sale story.

Looking back since 1966 I have bought 14 homes and sold 11 of them. There is a "story" for each of them and I was outbid or walked away from a few others. Probably pretty typical.

tophcfa 04-07-2025 09:25 PM
Quote:
Originally Posted by Craig Vernon (Post 2421632)
Thanks to all. I was just venting after a long day of back and forth. I do not think anything was shady just different from what I was used to. All the deals on homes I have made in the past were in writing not over the phone. For those who mentioned not seeing the home I was going to fly out today to see it within the three-day window for the contract. Anyway thanks for not kicking me too hard when I was down. I will be down for the month of May to continue the search in person. Have a wonderful day.
I’m pulling for ya. You have put a lot of time and due diligence into the process and did the right thing with the contingency. Very wise not to buckle from pressure applied by the sellers agent, who has no vested interest in you. It’s more of a buyers market now than it’s been in a long time, you’ll find what you are looking for eventually. Your trip in May should be a whirlwind of an adventure. Thinking about it brings back fond memories of our house hunting trip back in 2015 when we eventually found our forever Villages home. Best of Luck!

Ann Marie Acacio 04-07-2025 11:24 PM
Home in TV
 
Hello Craig... Sad to hear about your experience; however, I believe in the words of the song "Something good will come from this." We are selling our lovely home in the Village of Dunedin (Brownwood) for health reasons (we're not able to drive) and I would love to have you see it. It's an MLS listing. Please feel free to contact me for details. FONT="Arial"][/FONT]

graciegirl 04-08-2025 02:48 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 don't understand. Best offer wins. Buying a home here is nothing like the process before. No one has to give a buyer breaks. There will be another buyer along in just a while.

Snakster66 04-08-2025 08:15 AM
Quote:
Originally Posted by graciegirl (Post 2422041)
There will be another buyer along in just a while.
In many cases, a loooooooooong while. It's that kind of thinking that cost the sellers of the house I bought 50k.

frayedends 04-08-2025 12:00 PM
Quote:
Originally Posted by BrianL99 (Post 2421908)
If a Buyer is offering rebate/discount to replace the roof, as you point out, obviously the roof needs replacing.

Often Buyers want Sellers to believe they're making a "all cash, no contingency offer", come up with some seemingly innocuous "inspection" or something to give them a few days to arrange the money or decide if they really want the property.

In this case, it's very clear what happened in my opinion. The Buyer was making an offer, sight unseen. Buyer knew (or suspected) that the Seller wouldn't accept an Offer with a Contingency that the Buyer has a couple of days to come view the property in person ... so they came up with an idea that might work ...

The potential Buyer made an Offer, with a seemingly logical contingency ... "I just need a couple of days to make sure I can get insurance". Such a contingency might fly under normal circumstances, but when the Seller already knows the roof is bad and he's got a real "no contingency" offer coming in, he did what any savvy Seller would do ... take the Offer without conditions.

What I would have done in the Buyer's situation, was to be more surreptitious. If I wanted to make a "Full Price, no Contingency" Offer, but really wanted 48-72 hours of leeway to back out, I would have made the offer subject to "receipt/review of all Rules, Regulations, Covenants & Restrictions" affecting the property (or some such language as that).

The Buyer obviously knew the roof was bad, but wanted some "back out time", without being obvious about it.
This is exactly right! The idea of a contingency that the roof is insurable when the seller already said it needed replacement. The buyer just looking for a few extra days to back out.

JMintzer 04-08-2025 08:50 PM
Quote:
Originally Posted by retiredguy123 (Post 2421692)
I didn't say that it mattered. But, the NAR claims that Realtors are better. Obviously, many people don't know what a Realtor is because a lot of people refer to all agents as Realtors.

Also, I didn't say that the NAR is anything more than a trade organization.
Of course the NAR is going to say that NAR members are better!

Craig Vernon 04-09-2025 08:33 AM
Quote:
Originally Posted by frayedends (Post 2421698)
Already know the roof is no good. Hence the seller offering the credit of 10K.
I just wanted to see if the roof was insurable until roof could be replaced as per advised by insurance companies I contacted. The roof was original so they were offering a rebate because they did not want to wait to replace before sale but they disclosed no known issues with the roof.

frayedends 04-09-2025 09:12 AM
Quote:
Originally Posted by Craig Vernon (Post 2422538)
I just wanted to see if the roof was insurable until roof could be replaced as per advised by insurance companies I contacted. The roof was original so they were offering a rebate because they did not want to wait to replace before sale but they disclosed no known issues with the roof.
My replies were based off of this statement from your original post: "Seller stated original roof on 2008 home willing to offer 10k toward replacement."

I read that to mean it needed replacement. I don't blame the seller for going for another offer. Why take a contingency when you don't have to? I understand you aren't happy with the listing service, but they were told that you wouldn't remove the contingency. The other offer may have had a deadline. They can't waste time going back and forth with written offers when they have already been told your offer won't have what they want.

yankygrl 04-14-2025 09:59 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 know this reply is “late” BUT just FYI - the villages sale reps for the most part are not realtors AND they work for the developer NOT the client.

JMintzer 04-14-2025 07:23 PM
Quote:
Originally Posted by yankygrl (Post 2424284)
I know this reply is “late” BUT just FYI - the villages sale reps for the most part are not realtors AND they work for the developer NOT the client.
Village Sales Reps are licensed real estate agents and must abide by the same rules as any other realtor.

"Realtors" are licensed real estate agents who happen to belong to a trade organization the "National Association of Realtors (NAR)"... That is the only difference between the two.

BrianL99 04-14-2025 07:31 PM
Quote:
Originally Posted by yankygrl (Post 2424284)
I know this reply is “late” BUT just FYI - the villages sale reps for the most part are not realtors AND they work for the developer NOT the client.
That is not exactly true.

They are don't function as a REALTOR®, that much is true.

If they are selling a pre-owned home, they are working for a Florida Licensed Real Estate Broker and the Agent is licensed by the State of Florida. They have the exact same obligations, relationship and restrictions as an MLS Broker or Agent has. No difference when we're talking about pre-owned homes (unless it's a home, owned by the Developer).


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