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TitleFunding On Hold

Escrows updated May 29
Hands-off · Title in progress — watching for closing

Addendum Thread

  1. May 29contracts
    Inspection receivedClosing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hello, we are now through our inspection period and ready to move forward

    Hello, we are now through our inspection period and ready to move forward to closing. Please see the attached Inspection Addendum with the new terms. *New terms:* *Reserve to now be:* 37% Can you review the file and let us know where we are at and what else you need? Thanks, Ethan
  2. May 29contracts
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hello,

    Hello, See attached extension for signature. We made it for 2 weeks but the plan is to close as soona s possible, this is just to give time for anything that is pending. Thank you *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  3. May 29markclickhere
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hi Team,

    Hi Team, Got the addendum with the 37% reserve and the extension attached. Once Matthew signs this - What are the next steps required from Matthew or my end now? I want to let you know when I spoke to the title company they mentioned they were ready. Remember, I believe Matt's in Ocala,Not Jacksonville so You will probably have to catch Him with a mobile notary on one of His job sites. Enjoy your weekend. Thanks,
  4. May 29contracts
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hi Mark,

    Hi Mark, We are now pending to hear what is pending form pending to be able to close and buyer will work on funding docs. Also as we near the closing date, I would like to confirm that the property has been or will be fully vacated and free of any personal belongings, debris, or trash by closing. Additionally, please provide vacancy photos of all rooms and areas of the property, interior and exterior, as this is required for the buyer to authorize Escrow to disburse funds. Thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  5. May 29markclickhere
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hi Joseph,

    Hi Joseph, It sounds like the process is back on track. I understand you are currently waiting on the funding documents. As the realtor, I acknowledge that I am responsible for verifying that the property is fully vacant and free of any personal belongings, debris, or trash by the closing date. I also understand that this verification requires me to provide interior and exterior photos of all rooms and areas to authorize the disbursement of funds. I will ensure these photos are provided as we approach the closing. Best regards, Mark Chestnut
  6. May 29contracts
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hi Mark,

    Hi Mark, Thank you for the confirmation! *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  7. May 29markclickhere
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Hi Joseph,

    Hi Joseph, Please find the attached copy signed by the seller. The seller has expressed some concerns regarding the length of the extension, despite your previous note that you plan to close sooner. I share these concerns and kindly request that your company closes as soon as possible. I will ensure my part is completed promptly to facilitate this. Thank you, Mark Chestnut 904-520-3926
  8. May 29contracts
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Received, thank you.

    Received, thank you. See attached the fully executed document *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  9. Jun 3contracts
    ReplyRe: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    When you can please let me know where we are at and if seller docs are in

    When you can please let me know where we are at and if seller docs are in so I know if we can have them order HOA, Im trying to see what the monthly assessment is for the unit. Thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  10. Jun 9markclickhere
    ReplyFwd: Closing - 8061 Vacation Ave # 104 Kissimmee Florida 34747▸ expand

    Good afternoon Team Zoodealio and Trade-N-Holdings,

    Good afternoon Team Zoodealio and Trade-N-Holdings, I wanted to update you on our recent discussions regarding the upcoming closing. Matthew Glancy and I have had some promising conversations, and I’d like to share a summary: Matthew has been consistently checking in to determine the closing date. I explained that there have been some obstacles and concerns related to the HOA and Builder documents, specifically the clause that restricts property sales for two years per owner. Matthew clarified that this restriction was applicable during the original build to prevent competition from the builder, and it no longer applies. I also addressed concerns about the property's value. I mentioned that the recent $380,000 sales are likely refinances rather than actual sales, and set the expectation that the property might sell for less than $630,000. Additionally, I informed him that I could not wait indefinitely and had placed the property on the market. I hesitated earlier because the seller bypassed me initially and contacted you directly, probably seeking a better deal. I want to express my gratitude for your business and assure you of my commitment to working cooperatively with your team. My primary responsibilities are to Matthew Glancy, the public, and your company. I believe the property could remain on the market for 4 to 7 months until the right buyer appears. While I cannot guarantee a sale, I can guarantee I will give my best effort, rather than just listing it online and hoping for a quick sale. I also want to emphasize that I am a team player. If you need me to assist Matthew Glancy and your real estate needs any way further please do not hesitate to let me know how I can help. To me, building strong relationships is key—when you develop healthy relationships, business often follows when you least expect it. I have already verified the unit is empty and it is now on the market. Please find below the communication between Matthew Glancy and myself for your reference.

Offer Scenarios

1 option proposed · click any value to revise
Proposed Terms
As-is (no CLR)
ARV $630,000
Purchase
− Program fee
$47,250
− Resale fee
$34,650
− Title
$6,300
− CLR
− Reserve
$233,100

1st payout
$308,700
2nd payout @ ARV
$233,100
Total to seller
$541,800

Bid drafts

Drive

Inspection Activity

  1. May 20hello
    Inspection receivedInspection Report Ready for Viewing - 8061 Vacation Ave▸ expand

    Hi Joseph,

    Hi Joseph, We have received your Home Inspection report. It is uploaded to your portal here: url786.inspectify.com/ls/click?… If you have any questions about the report, please do not hesitate to reach out via email. Thank you again for using Inspectify. We would love to hear feedback on your experience on how we can continue to improve our offering --- please go here to take a quick survey ( url786.inspectify.com/ls/click?… Molinar&id=402118&inspectorname=Fresco Inspections & Consulting Llc ). All the best, The Inspectify Team Follow Us --------- ( url786.inspectify.com/ls/click?… ) ( url786.inspectify.com/ls/click?… ) ( url786.inspectify.com/ls/click?… ) Powered By Powered By Contact us ---------- 9450 SW Gemini Dr, Suite 34868, Beaverton, Oregon 97008-7105 USA hello@inspectify.com
  2. May 20contracts
    ReplyFwd: Inspection Report Ready for Viewing - 8061 Vacation Ave▸ expand

    Here are the details for the property 8061 Vacation Ave # 104 Kissimmee

    Here are the details for the property 8061 Vacation Ave # 104 Kissimmee Florida 34747. *Purchase:* $630,000 *Program Fee: *7.5% *Resale Fee:* 5.5% *Reserve:* 30% *Credit: $0* *End of Inspect Period:* 05/26/2026 *Closing Date:* 05/27/2026 *CMA Sheet: docs.google.com/spreadsheets/d/…* *HOA: *Yes Please write up a closing extension and send it out along with the inspection addendum or add extension terms in the addendum. Attached below is the Cash+ Agreement and Questionnaire. *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  3. May 20bradley
    Remodel bid sentRe: Inspection Report Ready for Viewing - 8061 Vacation Ave▸ expand

    Hi Team,

    Hi Team, Here's what we came up with for 8061 Vacation Ave #104, Kissimmee FL 34747. CURRENTLY ACTIVE HOMES: 1,233 SOLD IN THE LAST MONTH: 154 PENDING HOMES: 209 8 months of inventory on the market *Offers:* AS IS - $630,000 Purchase Price, 30% Reserve ($189,000), $441,000 Basis (No changes from the pre-inspection offer) *Sold:* 8070 Unwind Way #410 redfin.com/FL/Kissimmee/8070-Unwind-Way-34747/unit-410/home/… Sold @600,000 - Located in a different Embassy Suites building, 4th floor, HOA not mentioned 8060 Vacation Ave #106 redfin.com/FL/Kissimmee/8060-Vacation-Ave-34747/unit-106/… Sold @519,900 - Located in a different Embassy Suites building, 1st floor with smaller balcony, HOA not mentioned 3151 Sunset Walk Dr #300 redfin.com/FL/Kissimmee/3151-Sunset-Walk-Dr-34747/unit-300/… Sold @398,900 - Located in a different Embassy Suites building, HOA not mentioned, no photos *Active:* 8061 Vacation Ave #108 redfin.com/FL/Kissimmee/8061-Vacation-Ave-34747/unit-108/… Listed @445,000 - Same building as our prop, slightly different layout 8061 Vacation Ave #114 redfin.com/FL/Kissimmee/8061-Vacation-Ave-34747/unit-114/… Listed @570,000 - Corner unit like our prop, same building and floor. 3151 Sunset Walk Dr #314 redfin.com/FL/Kissimmee/3151-Sunset-Walk-Dr-34747/unit-314/… Listed @630,000 - Different Embassy Suites building but interior is very similar to our prop with a lower HOA *Pending:* *No pending comps in the area.* *Things to Note:* - *This condo is located inside an Embassy Suites built 2 years ago. Notes suggest there was a 2 year period before they could sell, which helps explain the 3 for sale in the same building.* - *We have minor paint scuffs in various areas, but since it is located in a hotel, I am unsure if we can apply fresh paint. Bid for paint, cleaning, and per diem would total around $9,000, but this might reduce the buyer pool as the walls have unique designs.* - *DOM appears to be high with larger price reductions occurring, so keeping a low basis is essential.* Let us know what you think. Thanks! Bradley
  4. May 22eliot
    ReplyRe: Inspection Report Ready for Viewing - 8061 Vacation Ave▸ expand

    I was able to confirm that we can get conventional financing

    I was able to confirm that we can get conventional financing While we are selling it we can put the property in the rental pool, current occupancy rate is about 60%, they cover the HOA out of that and the profit split 55/45. We are good to move forward as is, but increase the reserve to 37%. This puts the basis at roughly 400. I believe this property will sell 500 - 530K Thank you! Eliot
  5. May 26bradley
    ReplyRe: Inspection Report Ready for Viewing - 8061 Vacation Ave▸ expand

    Hey Team,

    Hey Team, Spoke with Mark Chestnut over the phone today and confirmed he has spoken with the seller about this offer. They are currently looking it over with the inspection to see if they want to move forward with the offer. Thanks, Bradley

Notes

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