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Market Conditions in Florida : Real Estate Advice

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Diane Christ…, Real Estate Pro in Sarasota, FL
Thu Jan 12, 2017
Diane Christner answered:
Deed restrictions are limitations written into a deed to restrict the control, occupancy or use of a property. They are also known as restrictive covenants. Because these restrictions are written into the deed, they transfer with the property from the previous owner to the new owner when the home is sold.

Many subdivisions, especially newer ones, have deed restrictions to control the look and appeal of the neighborhood. The deed restrictions are recorded, usually by the original builder of the subdivision, so are available on line. They are typically called "Declaration of Covenants, Conditions, Restrictions and Easements."

There are also typically a set of by-laws for the association, which set up the rules for running the homeowners association. These usually cover definition of who are members, how voting will be done, rules for meetings, Board of Directors defined, powers and duties of Board of Directors members, rules for fiscal management of the association, parliamentary rules for meetings and rules for how amendments can be made to the deed restrictions.

Back to the deed restrictions. These contain the rules and regulations for land use and property standards for the homes in the community.

Typical restrictions would include how the property can be used. Here are some common items covered by HOA deed restrictions:

lots for residential use, no commercial activities on the property

what type of vehicles can be parked on the lot - often trailers, RV's, boats are restricted and cannot be parked where they can be seen

dwelling changes - you may have to have any improvements or changes to your home approved by the HOA architectural committee even if permits are not required by the county, such as changing paint colors or major landscaping changes

garages & parking - there are usually rules about not converting garages to living space, some have rules about no cars parked overnight on streets to driveways. Most have rules about commercial vehicles or vehicles with commercial signs not being parked on driveways overnight, they must be kept in garages.

accessory buildings - most have rules about adding sheds or other structures to the lot, ie what type are allowed (if any)

roof types - some HOAs have rules on what type of roofs you may install as they want to keep things uniform throughout the community

fences - some HOAs have rules on whether you can install fences and what type if allowed

Solar panel equipment, satellite dishes, clothes lines, window AC units - most have restrictions on if/how and where you can install these

Rentals - most newer HOAs have rules on how often you can rent a home, such as no unit may be rented more than twice a year and cannot lease for a period of less than 6 months.



These homeowner associations will also charge dues or fees on an annual, quarterly or monthly basis to maintain the common grounds and run the business of the HOA.

Some people hate deed restrictions, they feel they restrict what they can do with their property. Others like deed restrictions because they do give an overall standard for the subdivision that all homeowners must maintain, thereby keeping up the property values as a whole. Homes in deed restricted communities tend to sell for higher prices than homes in neighborhoods without deed restrictions.

Some people want to park their boat or RV on the side of their home, or their work van on the drive, hang their laundry on a line behind their home or park cars in their front lawn. Others find those things an eyesore and don't want to look at them on a daily basis.

The bottom line is, if you are looking at homes in a subdivision with a mandatory homeowner's association, be sure to get and read a copy of the deed restrictions and by-laws before you write an offer so you know what you will required to comply with should you purchase there. I'd also recommend getting a copy of the most recent budget and at least the past 3 months minutes of the Board of Director meetings so you can find out what issues they are discussing.
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Kathywithakb…, Home Buyer in New York, NY
Wed Dec 21, 2016
Kathywithakbrown answered:
My husband and I rented for 3 years here at Vasari, and we loved it so much that we bought here, as snowbirds. Unlike places we had rented before, we were treated very kindly, and could participate in everything but voting. Many of our friends rented here before buying here, too. We have now placed that condo on the market and moved to a more appropriate condo, since we live here full time.

The golf course is in amazing condition, and my friends and I played 9 on Tuesdayin 1 1/2 hours! 18 generally takes about 4 hours.

The food is fabulous, and there are so many opportunities for social activities that we have to be judicious in order to not get too busy.

We plan to live here until we need assisted living!
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Teresa Macha…, Real Estate Pro in New York, NY
Thu Dec 15, 2016
Teresa Machado asked:
Nowadays, most of the business owners opt the services of the virtual office before setting up their business. I came to hear that many virtual offices like Level office, http://www.serviced.com.au/…
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Maricris A, Other/Just Looking in Seattle, WA
Wed Nov 16, 2016
Maricris A answered:
Hello,

Please know our Trulia estimates are currently removed from property pages while we are integrating a new valuation model. While we do not have a specific time frame for when they will reappear, please be assured this is temporary. As a general reference, please know that we do not intend for the Trulia Estimate to replace a comparative market analysis as they can take into account market intricacies that the Trulia Estimate cannot. The Trulia Estimate is really meant to be a starting point in determining a home’s value and is not an official appraisal.

If you're looking for a precise value for homes, we recommend you talk to a real estate professional.

http://www.trulia.com/directory/

Regards,

Maricris
Consumer Care Advocate
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Sosteen17, Home Buyer in Port Charlotte, FL
Sun Nov 6, 2016
Sosteen17 answered:
I have a lot in Port Charlotte With water and sewer. Are market conditions good. I also own a waterfront lot on NW 38th street cape coral in Burnt Store area looking to sell if market has improved ... more
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Zaydee, Renter in Doral, FL
Mon Oct 24, 2016
Zaydee answered:
Not gonna happen... try doral las vistas its the cheapest, with luck you may find a 2/2 for 1500-1700... unless you go to hialeah... good luck
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Pmorris1100, Home Buyer in New York, NY
Tue Oct 11, 2016
Pmorris1100 asked:
Regina, Home Buyer in Punta Gorda, FL
Tue Oct 4, 2016
Regina answered:
This is a very old post, but I moved in to Rolls Landing in 2014 with my daughter who is 11. We have many retirees here, but we also have many younger people who still work. It is such an amazing place to live. The beauty of the property is what I love.

We have Gopher Tortoise nests, bald eagles, owls , osprey, gorgeous landscaping and best of all the beautiful Peace River and a huge dock to enjoy the water and sunsets. I have my kayaks right near the rivers edge so I can enjoy a quick paddle in the evenings. The pool and hot tub are wonderful as well. I enjoy rollerblading around the complex as well as biking (2 laps is a mile!) There are many opportunities to get involved in the community and grounds up keep.

If you are considering Rolls Landing, I highly recommend for anyone, young or old. Just 35 minutes to the beautiful Gulf beaches.

-Regina (age 42)
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Mariyaluci, Home Buyer in South Miami, FL
Sat Sep 10, 2016
Mariyaluci answered:
There really is no way to get close to a number per square foot with out seeing the home, understanding what needs to be done, etc. Building costs for homes can range anywhere from $60-$200+ per square foot depending on many, many things. If you were to build a very simple, slab on grade, with minimum code requirements, I'm confident you could come in at the lower end of the spectrum.
http://usaconstructionloans.com
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Su4182, Home Buyer in Naples, FL
Sun Aug 28, 2016
Su4182 answered:
Buy a real house. It's so much better. Land rent is ok if you are only here seasonally. But, not owning the land means you risk getting evicted and them take your home if you break the rules. There are some positive things. Naples Estate has Dow mobiles you can get got 10 to 15,000. Most need work though. But land rent is a little less, but not much in amenities. ... more
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Michael S Ge…, Real Estate Pro in Stuart, FL
Tue Aug 23, 2016
Michael S Gellert answered:
Yes there are several hospitals nearby infact click the link below to see all available homes in Bay Hill and also once on my site click the market insider tab and you can find all the hospital info, school info and just about anything you need to know from there. Also please call with any questions we are here to help. http://www.yourfloridahomesource.com/listings/areas/52779/subdivision/bay+hill/propertytype/SINGLE/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale/sort/price+asc/ ... more
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Michael S Ge…, Real Estate Pro in Stuart, FL
Tue Aug 23, 2016
Michael S Gellert answered:
Hi you are correct there are some amazing properties priced to sell infact click the link below and see the homes in the area for under 170k also please call us with any questions you may have. http://www.yourfloridahomesource.com/listings/areas/9613/maxprice/160000/propertytype/SINGLE,CONDO/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale/ ... more
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Michael S Ge…, Real Estate Pro in Stuart, FL
Tue Aug 23, 2016
Michael S Gellert answered:
Here is a list of homes close by in Pompano for around 170k click the link below and feel free to contact me anytime to answer any questions you may have about the area. http://www.kathysellsfloridahomes.com/listings/areas/47073/maxprice/180000/propertytype/SINGLE,MULTI,RENTAL/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale,Auction/ ... more
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Michael S Ge…, Real Estate Pro in Stuart, FL
Tue Aug 23, 2016
Michael S Gellert answered:
Hi We can help you find a Townhome to buy infact click this link for all current 3 bedroom 2 bath condos and townhomes for sale now. Please call us with any questions you may have we are here to help. http://www.thearchulettasgpgroup.com/listings/areas/47163/propertytype/CONDO/listingtype/Resale+New,Foreclosure+Bank+Owned,Short+Sale,Auction/ ... more
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 Lillytena, Real Estate Pro in South Miami, FL
Sat Aug 13, 2016
Lillytena answered:
However, Too much faith in "average" numbers, keep in mind that the only house that you really care about is the one that you are about to build. Home prices of $55, $66, $72, $80, $84, $92, $110, $118, and $328 per square foot combine to produce an average of $112 per square foot, which is probably a reasonable figure for many areas of the country. However, the difference between the lowest figure and the highest is very substantial. While professional builders may be able to average their profits and loses over several projects, the typical homeowner or owner-builder probably cannot. So, regardless of how you finally come up with the numbers, be sure to take the time to review your finances, prepare a reasonable budget, and produce an accurate construction estimate for the specific home that you are about to build.
http://USAConstructionLoans.com
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Kenneth, Home Buyer in Fort Bragg, CA
Fri Aug 5, 2016
Kenneth asked:
I am in Mendocino County, California. Obviously being a coastal area, prices are very high... but I am looking at prices in St. Augustine and am baffled. Why are the prices so low? is it…
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Jonathan Lah…, Real Estate Pro in Potomac, MD
Tue Jul 26, 2016
Jonathan Lahey of The Lahey Group answered:
Yes you can add photos at you posting list,, just go to your list and edit it, you can delete or edit the images!
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Susypa2002, Home Buyer in Tampa, FL
Tue Jul 26, 2016
Susypa2002 answered:
WHAT IS MY MOBILE HOME WORTH IN SOUTH JERSEY?
0 votes 5 answers Share Flag
John, Both Buyer and Seller in North Port, FL
Wed Jul 20, 2016
John answered:
Check out our website for available vacant lots. Sarasotacountyproperties.com
0 votes 4 answers Share Flag
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