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“How can I get the seller to accept MY offer?”, buyers wonder in today’s heated, multiple-offer market

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In some areas of the country, “love letters” – a note from buyer to seller praising the home – are common. But some of the letters may flirt with Fair Housing Act violations.
The National Association of Realtors® (NAR) Conference and Expo was held virtually in 2020, and many of the sessions involved discussions about buyer “love letters.”
For those who aren’t aware of what I am referring to, “love letters” are written statements that accompany a potential buyer’s offer. While these types of letters are not in and of themselves illegal, it’s important to note that if done without careful consideration, it could end up being a Fair Housing Act (FHA) violation.
How is this a possibility? Let’s examine a couple of examples of “love letters” – one that could be problematic with one that likely isn’t.
Example 1: A buyer drafts a love letter that includes how excited the buyer is to raise a family in the home. They can’t wait to see future children excitedly running down the stairs on Christmas morning.
Sounds harmless enough, doesn’t it? However, this buyer’s letter touches on two protected classes under the FHA: familial status and religion. Should a seller take these factors into account in arriving at a determination to accept the buyer’s offer, it could be a fair housing violation.
Example 2: A buyer drafts a love letter that discusses the buyer’s love of the homes’ architectural features and the buyer’s appreciation of the various details of the home’s construction.
Here, as the buyer solely focused on the property’s characteristics, none of which fall under a protected class, it’s likely not a fair housing violation.
As agents, it’s important to remind consumers about fair housing issues if you see a potential problem on the horizon. While no agent is expected to explain the legal nuances of the Fair Housing Act, it may be wise to suggest a buyer or seller consult their personal attorney if either of the respective parties veer into potential FHA violation territory.
Recently, I personally had a family with two young girls that were very excited about purchasing a home they had seen but knew the market was very strong and were afraid they would be outbid. Their daughters Lily and Hailey, sensing the seller could sell the home to someone else asked if they could write letters to be sent along with their parent’s offer. Little did these girls know the letters they wrote were compliant with the National Association of Realtor compliance guidelines, but they brought tears to the seller who accepted their parents offer.

A Different Kind of New Years Resolution

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Each December we reflect on our journey from the past year with all its twists and turns and with great optimism look forward to the opportunities and promise that lie ahead in the coming New Year. Typically we start by making some kind of promise or resolution to ourselves in the form of increased exercise or by embarking on something more “self-focused” to make us a new and better version of ourselves. However, I’m sure like you, it doesn’t take long before life gets in the way and our best intentions are often put on the back burner only to be reset each month until we run out of months and it becomes next year’s resolution once again. The exercise I wanted to do, the book I wanted to read, the one I wanted to write, the trip I wanted to take, or just the simple pleasure of playing more golf or tennis seems to always fall under the category of “Things to do tomorrow,” only tomorrow has already been filled with ”Things that can’t wait another day!”
This year has been different. In looking back over the past year, in particular, it has been one where I feel we’ve all had a blaring horn in our face the entire time. If it isn’t the political parties blaming each other for the divisiveness going on in the country, it is the round the clock media coverage each claiming the other is biased, while giving you their jaded view. Try having a conversation with someone before it turns into political dialogue and even if you agree it is typically emotionally filled. Add the Coronavirus to the mix, and the impact it has had on all of us, and you find yourself saying, “I’m so glad 2020 is over.”
While to some that may seem like a welcome relief, I thought, “How sad?” We just took one valuable year out of our lives and said, “Let’s throw it away.” I’ve gone through many trying periods in my life, but I never wanted to throw away an entire year, as despite the challenges and difficulties there were lessons learned that have benefitted me throughout my life.
People ask me all the time what my thoughts have been this past year and why I seem so calm as a result. My faith in God has been the main reason for me to remain somewhat at peace amid the media chaos however, I have always tended to look at things from a common-sense perspective. I don’t feel the need to be heard, or for my opinion to outweigh those of others. I find as I’ve gotten older there is more wisdom in listening than projecting an opinion and somewhere along the way common sense becomes even more clear despite what the media critics have to say.
Since Covid began I’ve seen it bring out the best and worst in some people. Some are doing their best to support those struggling through these challenging times by supporting their businesses, bringing food to those in need, or just staying in touch, letting them know there is someone who cares. Others haven’t been quite so gracious, never embodying the desire to share or step aside to help others. Some have become depressed from the lack of social interaction while others maintained their sense of humor. In a post I read the other day, a man by the name of Bernie posted, “I told my wife post Covid I will take her anywhere in the world. I’m holding up a map of the world in the kitchen and told her to throw a dart and wherever it lands, we would go…..Apparently we are going to spend two weeks behind the refrigerator!” For me, it has been a time to reflect on what is important in life and realize how fortunate we are.
Since this pandemic began we’ve seen a tremendous influx of people moving to Florida, finally realizing what we have been blessed with for so long, “water, warmth, and way of life,” a phrase I credit to a friend, public speaker, and respected Realtor Denny Grimes. Since January of last year, we were hearing stories of those looking to escape the inclement weather and high taxes in the north. However, when the pandemic hit it facilitated a mass movement of those looking to escape the densely populated areas and where commuting via mass transit was a way of life. With the realization, it was now possible to work remotely and transition from the rat race to a better quality of life, these “new Floridians” were about to discover what we have oftentimes taken for granted. As a Realtor, we are typically one of the first points of contact for those looking to relocate to our beautiful state. To see the look of almost disbelief on their faces that they have arrived at what many call “paradise,” and no longer have to make the dreaded journey back north in a few short weeks, has been one of my most gratifying experiences and one I find so hard to put into words. Before long they usually share with me how friendly everyone is, how people are always outside enjoying each other’s company, and how clean our highways and stores are kept, things we oftentimes take for granted. Isn’t it funny how those of us who lived in the north often say when returning from a trip back home say, “How did we ever want to live in that environment?
As I look at the changes I want to make in myself this year I’m often amazed at the wisdom and futuristic foresight that writers of the 1940’s and 1950’s such as Ayn Rand, (Atlas Shrugged), George Orwell (“Nineteen Eighty-Four), and Ray Bradbury (Fahrenheit 451) documented in their writings. Many of the scenarios they envisioned we are living in today. For those who have read these books and other similar themed writings look at the tug of war and name-calling going on in our nation’s capital and the controlling influence of social media with little or no surprise. While others may feel they are on a runaway train they can do nothing about, my resolution is not to panic and assume the role of the victim, but to incorporate the lessons learned from these writings so I can take the emotion out of the “news of the day,” and interact with those I meet from a common-sense perspective and help preserve those special attributes that have made our community and those we share it with so special. Future generations are watching, as well as those moving to our communities. Hopefully the difference I make in myself will inspire others to do the same and instead of talking at each other we can speak with one another and enjoy this wonderful quality of life we’ve come to call home.

Housing Market Update In a Nutshell

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Unless you haven’t been watching the news or seeing the number cars with out of state license plates traveling our roads, let me tell you there has been a tremendous increase in the number of people who are now calling Florida “home” on a full time basis. As I’ve mentioned many times in our previous newsletters, last January we were hearing people saying it was the inclement weather and high taxes that had them strongly considering a move to Florida however, when Covid hit, it changed the market dynamics.
No longer did people want to live in densely populated areas, commute via mass transit and work in the tight quarters of commercial office buildings. Employers found production levels didn’t decrease as anticipated and were now allowing their employees to work remotely. As a result instead of waiting for retirement to move to Florida, they were making the lifestyle change now, and for some cities, it has become a mass exodus!
Florida and Texas are two states seeing a tremendous influx of people looking to relocate on a permanent basis and with very low inventory levels the competition for existing homes has been fierce. In fact some of major builders such as Lennar have put a “sales hold” on some of their developments so construction can catch up with sales.
Recently we had three of our listings sell in one day, and well over full price. Our most recent listing had 28 confirmed showings within 12 hours and 15 offers, with the accepted high offer almost $80,000 over full list price….yes, you read it correctly! Agents were telling us of their frustrations in not having their offers accepted when bidding $20,000, $30,000, $40,000 and more over list price. Buyers who wanted to give some thought to the home they viewed before making an offer found themselves on the outside looking in as the property went pending shortly thereafter.
While this may seem reminiscent during the real estate boom in 2004-2006, it is a very different scenario. Sub-prime mortgages and other forms of loans were being approved for buyers who under normal circumstances would never have been able to qualify. Inventory levels were much higher and the speculation that baby boomers were headed to Florida for the next 20-30 years had everyone giddy the sky wasn’t going to fall. Appraiser’s couldn’t keep up with the increases and started giving valuations on properties that were called into question years later.
What you are seeing now are not only retirees, but those looking to make lifestyle changes prior to retirement, both vying for short supply of available properties. Unlike the market back in 2004-2006, this market is not being driven by investors and speculations. We are in a market where there is strong demand and short supply. With the cold weather now hitting the north, those that were contemplating a lifestyle change are acting with a sense of urgency, adding an additional strain to an already robust market. Sensing their opportunity may be slipping away we have seen an immense uptick in offers well above list price. What was a market characterized by gradual growth, we are now seeing the realization by some this may be their last opportunity for some time and are willing to pay a premium for it.
As always if you have any real estate questions, feel free to reach out garycardillo@wesellpg.com 941.916.0939

A Christmas to Remember

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As we celebrate the holidays and the start of the New Year, like most, I look back over this past year and feel I just got off a roller coaster ride. For some, it has been exhilarating, for others, the ride couldn’t have ended soon enough. I’m not sure I’ve seen a year like this where there were such polarizing views, and not just in politics. Many landmark businesses went out while others flourished. Depending which side of the political aisle you stand, it was either a year of great accomplishment or one of unprecedented strife, discourse and divide. Friendships suffered while some were forged. Many became depressed and prayed for this year to end while others enjoyed the unexpected gift they received in taking a step back to savor the quality of family time that was lost during the hustle and bustle of everyday life.

The pandemic provided somewhat of an awakening to those living in big cities and commuting via mass transit. It also created a paradigm shift for employers who only thought working under management’s watchful eye in a corporate setting resulted in the greatest level of productivity. Both soon found out there wasn’t a drop off in productivity and in some cases it increased which has fostered a reevaluation in business strategies and the attainment of a better quality of life.
There is the old adage, “Man makes plans and God laughs,” and just when we thought we had it figured out that we work thirty or forty years, retire and move to Florida, many found out there is now a way to do both.
In writing these newsletters my wife frequently asks, “Why do you refer to your childhood so often,” and my answer is, “because that was a time when life seemed more innocent and enjoyment of those simple pleasures left an indelible mark on me.” We weren’t preoccupied with the pressures of everyday life and the constant need to chase something to satisfy our innate desire for peace and pleasure. Of course Gail was quick to remind me as a teenager my biggest concerns would have been passing my high school and college tests or which team I was going to get picked to play on with my friends. I have to admit she was right, but I still think that was a very special time in life for most of us that we are trying to recapture.
In our business we constantly hear from those looking to make the move to Florida, “I’ve had the big home, the fancy cars and membership to the country club, but I want to simplify things and enjoy then next chapter of my life. Isn’t it ironic how life goes full circle? We marvel at the inquisitiveness of a child, but in our later years we find enjoyment in many of the same things we did as children. However, while this year has been one full of challenges of one kind or another I recall something very profound a dear friend of mine shared with me about how adults and children perceive many of the same scenarios differently. His name is Bob DeStefano and he was at one time the longest tenured golf professional in the country and was recognized by the PGA for his contribution to junior golf and for the junior golf program he created at Gardiner’s Bay Country Club located on Shelter Island, New York. Bob said, “You know the difference between children and adults? Adults will come into the pro shop and talk about all the bad shots during their round, but children will always talk about the one good one they had.” I’ve often thought about Bob’s analogy and wondered how some children have coped with the events from this past year and what their thoughts were for the New Year. I thought who better than to reach out to a couple of families we know who have had to adjust to the changes brought on by the pandemic with young children.
Hailey, Lily, Avra and Olivia are four young ladies aged 5 through 8 who are wise beyond their years. Hailey and Lily just moved to Florida while Avra and Oliva moved from Florida out of state. Both families have had to adjust work schedules to accommodate on line learning or home schooling as part of their daily routine. For most kids my age, if you got a day off from school you were thrilled, but to think ten months of not having to go to school would have been a dream come true! The difference for these girls was the social interaction and school environment that was sorely missed. Eight year old Olivia summed it up best when she said, “I like being at school but we don’t get to go to the gym or cafeteria with all the other kids, we pretty much see just the kids in my class.”. Five year old Hailey said she didn’t like learning at home and loves going to school. In fact all four girls missed the interaction with their classmates and the biggest negative during this time was wearing masks and not going out to eat very often.
When asked if they like to give gifts or receive them, while they all loved the surprise of receiving them, giving gifts and making them whenever possible brought all of them great joy. Avra shared a story of making a gift for a boy in her class who had autism. Olivia shared a story of their neighborhood sponsoring a family and how she was in the process of helping get warm clothes for a 10 year old boy.
While this was a year of change for all of us I was amazed at not only how well these girls were coping but the appreciation they had for what was going on in the world around them; which is quite a testimony to the parents they have. All four girls hoped everyone would be healthy and safe for the new year but were very aware of others not having the same good fortune. I was also surprised by the balance they wanted both inside and out of the home. Equally amazing to me was their responses were all inclusive of others, and not focused on the things they missed during this time. I honestly felt, this is a life lesson we could all learn.
Of course no interview with young children could end without asking if they had an opportunity to meet Santa. I had remarked a couple of times to Gail how sad I felt seeing Santa sitting by himself at a mall without the excitement of children all around. Olivia replied by saying she and Avra did get to meet Santa but unlike past years where they were able to sit on his lap, this year they were sitting behind plexiglass, but she added, “We still did get to tell him what we wanted.” Hailey, whose personality is bigger than her, said she and Lily haven’t had an opportunity to meet Santa yet, but I’m sure when she gets finished with him, he’ll be ready for a long winter’s nap!
The lessons I learned from these girls was that they seemed to take their challenges more in stride but had a greater compassion for others who weren’t coping quite as well. While they enjoyed getting out and seeing their classmates they were apart from for so long, they savored their life at home, and the loving environment their parents created. It was their hope for the New Year that others could enjoy the same where everyone could be happy and healthy. And that is our wish for you.
May the holidays and New Year bring you much joy and happiness.
-Gary and Gail Cardillo

Halloween and the Monsters Among Us

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I couldn’t help but look back to this time of year as a kid growing up when we carved pumpkins and watched horror movies on Chiller Theater that left us so scared that every creak and sound we heard in our home had us diving under the covers somehow thinking we wouldn’t be seen by these creatures of the night. What Halloween would be complete without Frankenstein, The Wolfman, Dracula and a supporting cast of Ghouls, Mummies, Werewolfs, Ghosts, Witches and Vampires! After working ourselves into a terrified frenzy the thought of putting out the garbage that night was the last thing you wanted to hear your mom ask you to do. “Mom can’t it wait until morning, I really don’t want to be burned at the stake?”
We dressed up as our favorite creatures, sports heroes and celebrities. Guys dressed as girls, girls dressed as guys and we even dressed up like old geezers, which at that time anyone over 30 years of age qualified.
We freely roamed our neighborhood streets filling our shopping bags so full of candy it would take decades to consume, while keeping most dentists gainfully employed. And of course the ammunition of the day was a carton of eggs, cans of shaving cream, sticks of chalk and a sock full of flour. You never had to ask which home didn’t hand out candy, as the dreaded chalk mark on the sidewalk indicated no one was home and as a consequence for being so unthoughtful typically resulted in the owner being seen washing off the salvo of eggs from the night before.
It was fun trick or treating in disguise when no one knew who you were and the stories told the following day from that special Halloween night were priceless. It also gave us the opportunity to express ourselves in ways that were fun, carefree and creative. However, despite our unique way of expressing ourselves we seemed to bond a little bit closer.
This year has been a year of adjustment. For many it has been a year of despair and others a time of reflection. However, one thing I think we can all agree on is that it is a time when we are focusing on our differences rather than what has brought us together. Just like those horror movies we watched as kids that depicted creatures we knew not from where they came, today we are seeing different kinds of monsters who are tormenting us 24 hours a day.

Back then we could put our monsters back in the closet until the following year, the kind we are facing today think they are here to stay. They are dressed differently and walk amongst us both day and night. When we got scared we pulled the covers over our heads, today I hear kids say they don’t want to hear what is going on in our country or around the world as it sounds too scary.
I’m not sure how we got so off track, but when I think of so many wonderful things we have to enjoy that are found in community events, family and friends it seems like those are the things we need to take back out of the closet labeled “Taking for Granted,” and realize our fondest childhood recollections are within easy reach with lots of great memories still to be made.

While this year’s Halloween may be a little different, it can still be one that will be fun to enjoy and give us that emotional break we all could use. Just make sure you keep an eye out for those creatures in the night when you hear those terrifying words, “Honey, can you take out the garbage! 

 -Gary Cardillo

About The Gary Cardillo Group

Gary Cardillo, Realtor While most people would like to talk about themselves, Gary and Gail have always put their clients first, and their diverse backgrounds have provided their clients an unparalleled level of service and knowledge throughout the past years.
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