Question for the Realtors (Winter Garden, Clermont: appointed, short sales, foreclosures)

[tiggergolf3]

We are coming down this weekend for our pre-move visit. We have lined up a number of homes to look at. I mentioned (via email) to our "appointed" realtor that perhaps we would end up putting down a contingency offer on a home (an offer based on the future sale of our home). This realtor stated that it is a seller's market down there and sellers would NOT be interested in a contingency offer. I thought it was a buyer's market down there. Up here (Midwest) it is VERY common to accept contingency for 3-6 months. What is the truth?

Also, I was even thinking that perhaps we could offer a contingency and then rent that home for those 3-6 months until our home back here sells. Any thoughts here?

[Keeper]

Is this appointed realtor being paid by your company? The market has gotten a little better in FL but it is by no means a sellers market.

I have heard of ppl taking contingency offers in FL.

I would certainly question a comment like that from a realtor. Ppl may not be thrilled about a contingency if they are in a hurry to sell but the realtor has to present it.

You might want to ask for another realtor.

[debrajowers]

I would love to help you relocate to our area. I live in Osceola county and it is most definitely a buyer's market. Moderator cut: .. There are several properties out there that will consider lease's or lease options.

[FlatCat]

It is most definitely a buyers market. Prices are on their way down, and I do not believe they have hit bottom yet. Beware false bottoms!

[nickindependence]

Well to cut to the chase, it is most definatly a buyers market here. Keeper is right, it is getting better slowly but surely, but by no stretch of the imagination is it a sellers market. Sellers may not like that sort of offer, but thats when you negotiate etc. For me, i would be more than happy to submit that offer because what is the worse that could happen, they come back with a counter offer or decline your offer out right. You dont loose. It sounds like your realtor just doesnt want to put that offer in because saying its a sellers market to be honest is nonsense.

Let me know how it turns out and if you need any info you know where we are....lol

Have a good one

Nick

[michael c]

Originally Posted by tiggergolf3

We are coming down this weekend for our pre-move visit. We have lined up a number of homes to look at. I mentioned (via email) to our "appointed" realtor that perhaps we would end up putting down a contingency offer on a home (an offer based on the future sale of our home). This realtor stated that it is a seller's market down there and sellers would NOT be interested in a contingency offer. I thought it was a buyer's market down there. Up here (Midwest) it is VERY common to accept contingency for 3-6 months. What is the truth?

Also, I was even thinking that perhaps we could offer a contingency and then rent that home for those 3-6 months until our home back here sells. Any thoughts here?

Find another realtor, the one you have doesn't know what he or she is talking about. It is a buyer's market, that being said some will take a contigency offer some won't. I guess it depends on the situation. Good luck....We just came back ourselves, plenty of foreclosures, short sales and many homes to choose from. What has happened is truly a shame...

[tiggergolf3]

Okay, now I just a call from our "appointed" realtor and instead of showing us our requested seven homes a day (three different areas: Windermere, Winter Garden, Clermont) she will only show two at each location.

I really thought this trip down was to find a home and place a contingency offer on that home. We leave FRIDAY!

Help. Am I crazy to think we should be able to do this? Any suggestions of great realtors that WANT to show homes and think I could do a contingency?

Send direct message if you have a great realtor name for me!

[GregTraub]

7 a day is a bit tough time wise, but not impossible.
Only two per area is ridiculous though!

To me it just sounds like they are trying to rush you to get their paycheck. Putting offers in contingent on sale is certainly tougher to get accepted, and puts you in a weaker negotiating position, but there are definitely some sellers out there willing to do this.

As far as renting the house while waiting for your home to sell, then buying, I think this is a great idea, and would probably sweeten the deal for the seller willing to accept the contingent offer. It's a simple addendum and rental agreement, surprised the agent isn't even willing to do this. Again, I think the agent may just want to get paid ASAP and doesn't want to wait for the deal to finally close. Depending on your relocation package though....are they buying out your home? or just helping with costs for a few months?

Sometimes with "appointed" realtors, referred by relocation companies, You don't absolutely need to use them to still get the relocation benefits your company is offering.

Is this the only week you have to look? Or are you going to have time again before your move?

[CJFlorida]

Originally Posted by tiggergolf3

We are coming down this weekend for our pre-move visit. We have lined up a number of homes to look at. I mentioned (via email) to our "appointed" realtor that perhaps we would end up putting down a contingency offer on a home (an offer based on the future sale of our home). This realtor stated that it is a seller's market down there and sellers would NOT be interested in a contingency offer. I thought it was a buyer's market down there. Up here (Midwest) it is VERY common to accept contingency for 3-6 months. What is the truth?

Also, I was even thinking that perhaps we could offer a contingency and then rent that home for those 3-6 months until our home back here sells. Any thoughts here?

Run from that realtor. Report him to the better business bureau.

Read the housing bubble blog. Not only is it a buyers market, the crash is just starting. Rent for a year and you will do a lot better for yourself. Learn the market, rent and watch it fall. That is the only logical move for a newcomer.

[michael c]

Originally Posted by tiggergolf3

Okay, now I just a call from our "appointed" realtor and instead of showing us our requested seven homes a day (three different areas: Windermere, Winter Garden, Clermont) she will only show two at each location.

I really thought this trip down was to find a home and place a contingency offer on that home. We leave FRIDAY!

Help. Am I crazy to think we should be able to do this? Any suggestions of great realtors that WANT to show homes and think I could do a contingency?

Send direct message if you have a great realtor name for me!

Was just there for 4 days our realtor showed us 75 homes, private message me and I can give you her name and number, please just tell her I referred you, let me know.