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#306791 - 09/18/09 11:31 AM Vacation home f/c
DueDiligence Online   content
Veteran Member

Registered: 12/05/06
Posts: 1265
Loc: Wild Wild West
I've listed and sold vacation/2nd home f/cs. By the time they were assigned to me, they were vacant (and sometimes stripped). I just got one that is "semi-occupied" by the borrower whose primary residence is 5hrs away.

I made contact after posting the property with contact info and met the borrower at the property. Borrower is a broker from out of area. He is unsure when he can get his stuff out. He claims his primary residence suffered damage recently (no way to confirm that), and he doesn't know when he'll be out of the vacation home. Although I'll follow my AM's direction, I was curious whether a vacation home gets the same treatment as a primary residence, i.e., CFK, etc.

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#306793 - 09/18/09 11:34 AM Re: Vacation home f/c [Re: DueDiligence]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
Usually for us when it is PP only we can not contact the former occupant because we can't find them. I would bet that you could get CFK for them to be out by a certain date as with any CFK. I would also bet that the part timer is aware that he can get CFK and that is what he is banking on.
Ask your AM if you can offer CFK.
The seller does not care if it is Vacation property they just want it empty so they can sell it.
I hope you get paid a bonus for CFK. Pennies from heaven.


Edited by Grampa (09/18/09 11:43 AM)
Edit Reason: added thought
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