[walterray1]

Originally Posted by Craig Vernon

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!

You state you "have purchased ten homes in my life" so by now you should know how the process works. Win some, lose some. Learn and move on.

[Kelevision]

Originally Posted by Craig Vernon

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 confused. The realtor asked you if you’re prepared to lose the house and you said yes! So you lost it. This has nothing to do with your realtor and everything to do with the seller taking the best and easiest offer. It sounds like they did everything they could for you.

[Malsua]

Originally Posted by BrianL99

This whole roof/insurance thing, is mostly a red herring.

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


https://floridapace.gov/blog/home-in...f-requirements

I'm not sure where you're getting this statement.

If the roof is 16+ most underwriters will not write a new policy. There are two that I'm aware of that will write a 20 year roof. None will write a 21+ roof.

Most sales of homes 10 years old or older require a 4 point or Wind Mitigation inspection (or both) before insurance will write the policy. Both inspections include roof information and condition.

I am a licensed, certified, insured and bonded home inspector. I deal with these issues for people every day. I don't make them get the inspections, the insurance company does. On many sales, If they want insurance, they have to change the roof covering. If you have an old or roof of an unknown age, on your home, they will keep raising your rates annually. When you call to complain, they say "get an inspection". When you get the inspection, if roof is 15 years or older, and does not have an expected life of at least 5 years, they can drop the policy.

[BrianL99]

Originally Posted by Malsua

I'm not sure where you're getting this statement.
.

I quoted the FL law and included a screen shot of what it says. That's where my statement came from.

Originally Posted by Malsua

Most sales of homes 10 years old or older require a 4 point or Wind Mitigation inspection (or both) before insurance will write the policy. Both inspections include roof information and condition.

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

Originally Posted by Malsua

I am a licensed, certified, insured and bonded home inspector. I deal with these issues for people every day. I don't make them get the inspections, the insurance company does. On many sales, If they want insurance, they have to change the roof covering. If you have an old or roof of an unknown age, on your home, they will keep raising your rates annually. When you call to complain, they say "get an inspection". When you get the inspection, if roof is 15 years or older, and does not have an expected life of at least 5 years, they can drop the policy.

& 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?

[Rwirish]

Don’t see an issue here except for a potential buyer buying a house unseen.

[jimkerr]

Trust me, this was a good thing. There are hundreds of other homes for sale. You’ll find something you like even better and don’t buy sight unseen. I’ve heard too many horror stories from people that have done that.

[Indydealmaker]

Originally Posted by BrianL99

This whole roof/insurance thing, is mostly a red herring.

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

The problem is, people with 10-15 year old roofs, thinking they can get a brand new roof, if their 15 year old roof is damaged. That's just not reasonable. If a 15 year roof is damaged, your insurance should only be paying you 40%-50% of the value of the roof.

https://floridapace.gov/blog/home-in...f-requirements

Red Hering! Not! Insurance companies ARE flat out refusing to insure homes that have roofs that do not meet their underwriting requirements.

[Mrmean58]

Originally Posted by Craig Vernon

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!

Not sure where the unprofessional part comes into play. What you described is exactly how real estate transactions should be handled per my real estate retired wife who spent 35 years in the industry.

[Odale123]

Originally Posted by Craig Vernon

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 purchased a home online through a Village realtor. When I arrived to my house from out of state the listing that I saw online versus what I got was completely misrepresented. I have owned 8 homes and this has never happened to me. Without getting into details I decided not to retain an attorney but just move on with my life. Totally unprofessional and they get away with their nonsense because they’re not affiliated with a professional realtor’s association. If people start posting snarky remarks to you on this feed just ignore their remarks and know that your opinion is valid and true. You have to watch it here as it’s different than other areas of the country.

[Tomptomp]

Most homes that are uninsurable is because of the roofing scam that is causing the insurance industry to walk away from Florida. The scammers check your roof for free (sometimes doing damage ) causing a claim. Florida law states that if 25% of the roof is damaged the entire roof must be replaced. The insurance companies pay the replacement cost because the cost of litigation makes it a losing proposition for them.

[Laker14]

Craig, I don't see the problem here, other than you didn't get the house at the offer you made. You knew there was a better offer on the table, and you had an opportunity to improve your offer (which frankly, IMO would have been a mistake on your part) and you chose not to. You invited a counter offer that you verbally indicated you wouldn't accept, so the seller went with the offer already on the table, but wasn't your offer.

Having been in TV now off and on for many years, I have seen some houses planted in locations I would never want to buy. I encourage you to not buy a house without being there in person to evaluate not only the house, but the specific surroundings. You are lucky that right now there are many to choose from. If you are definitely ready to buy, take a couple of weeks and be patient and look around.

Good luck!

[Dougmudge]

Originally Posted by Stu from NYC

First priority of many agents is to sell the house, the buyer if not happy can always buy another one

Very true, we all know by now where a Realtor's loyalty lies. They are all very entitled, but times change and so do markets. Don't ever buy a home without an independent home inspector checking it out first. ( I mean NOTyour Realtors recommended home inspector )

[BubblesandPat]

Originally Posted by village dreamer

well the good news is, you have hundreds of houses to pick from, good hunting.

I agree! So many amazing houses to look at...treat this as a sign it wasn't meant to be and move on...

[ron32162]

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.

[retiredguy123]

A basic principle of contract law is that, if an offer is made, it must fully comply with the seller's conditions. If it doesn't, the deal is dead, and the seller has no obligation to make a counteroffer.