All Forum Posts by: Kevin Rain
Kevin Rain has started 4 posts and replied 19 times.
Post: Need contractor in Clearwater Florida area
- Tampa, FL
- Posts 23
- Votes 1
Bumping this to the top, having a real hard time finding one myself.
Post: Homepath Home - Right of Redemption - Anything I should know?
- Tampa, FL
- Posts 23
- Votes 1
That's the case. Closing has been pushed back to the 23rd.
Post: Homepath Home - Right of Redemption - Anything I should know?
- Tampa, FL
- Posts 23
- Votes 1
I'm trying to buy a Homepath home. Currently under contract and when we did a title search we found out there is an IRS right to redemption on the property which expires on the 21st.
I've done some research and it appears that these things normally don't get exercised but I wanted to see if anyone had some input on the process because I don't really trust any of the parties involved with the sale. Anything in particular I should know about? Or just have a beer and kickback until it expires?
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
Jon,
I have a buyers agent (rebating) and I'm just relaying what I'm getting from them. I did call the listing agent directly a few days ago when the initial hoopla was going down.
Just got off the phone....supposedly we are under contract but I've heard that before!
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
Well the multiple offer round was supposed to be over this morning but the listing agent is no where to be found....
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
That's a bummer.
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
Originally posted by @John Hamilton:
It sounds like the first view time had elapsed and that opens up the bidding to EVERYONE.
Taking the class and trying to negotiate a better price may have taken up time. And to find out the class didn't give you the 3% closing costs coupon is a pi55er. I found that with Homepath the asking price is the final price and they offer nothing in money savings to the buyer. Still, it's good practice to see if someday they will accept a "less than" offer.
You, or they, may have accepted the offer online, but the paperwork should have followed (purchase contract, etc.) to bind that offer. However, an acceptance from their end to your counter offer should have killed the bidding, if it was within the first view time. Once it goes beyond that point, they can entertain other offers and accept those offers.
It almost sounds like what my Mom went through where her agent screwed up and her offer wasn't accepted and then someone else got the house after first view elapsed.
Thanks John. The "first look" period is still going on. We made the initial offer on day one. Then the following business day we were told that they countered at 100% of the asking price. We accepted that within minutes of the offer. The class took 2 hours and we made the offer on the first day it was listed. For some reason the paperwork didn't follow the acceptance.
Oh well. We made our highest and best, Hopefully other bidders did their research regarding the property because there was something we uncovered. The price they are asking / we are offering is a fair price considering the issues...I just hope some Joe Smo isn't bidding ridiculous amounts thinking this house is good to go.
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
Originally posted by @Wayne Brooks:
The "counter offer" on Homepath is Not a counter offer, that you can accept. It says, this is the price we want, you need to resubmit an offer for this price, and if we then sign it, then i's binding. There's no fraud here, the agent doesn't have some mysterious buddy, it's just how the system works. Obviously, someone else liked it at that price too.
Also, the "counter" happened after we were notified of the multiple bidders. Why would they counter if it is meaningless and is going to a multiple offer round anyway.
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
Originally posted by @Wayne Brooks:
The "counter offer" on Homepath is Not a counter offer, that you can accept. It says, this is the price we want, you need to resubmit an offer for this price, and if we then sign it, then i's binding. There's no fraud here, the agent doesn't have some mysterious buddy, it's just how the system works. Obviously, someone else liked it at that price too.
Thanks Wayne. Seems misleading that the counter offer can be accepted but then rescinded. Also, when you say "resubmit an offer" do you mean through the homepath website or another signed paper contract offer?
We've submitted our highest and best.
Post: Homepath = fraud? Offer shown as accepted yet asked to resubmit?
- Tampa, FL
- Posts 23
- Votes 1
That's the question...just seems questionable that they are able to do that.