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Market Conditions in The Villages : Real Estate Advice

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  • Local Info13
  • Home Buying133
  • Home Selling12
  • Market Conditions16

Activity 16
Wed Jan 28, 2015
Annette Lawrence answered:
Igebby,
There are two square foot measures of concern to you. They are 'conditioned' square feet meaning the space that is heated/cooled and gross square feet which is everything under roof such as the conditioned space, garage, porches and lanai.

A real estate agent can get this information from several sources which could be: Tax records, measured, from owner, appraisal, or provide a disclaimer if uncertain stating buyer should confirm.

As an example, to determine the size of the lania, from the gross SF you would subtract the size of the garage, porches and conditioned space, the remainder being the size of the lanai.

Professional real estate website require the conditioned square to be the priority measure and total square if data-field provided..

Non-real estate websites like Trulia and Zillow (which are advertising websites) have no such standards and can display any value they want. Often, these sites receive the data from a third party who scraped the data from a data field in public records and will use this data to OVERWRITE data proved by the agent. In essence, these sites HAD good data and replaced it with bad data. As the CEO of Zillow stated this morning, their site has errors but for the most part, no one notices. Well you did!

If you have any intention of relying on online data to make a real estate decision, you will be best served turning your efforts towards professionals websites like Remax.com FloridaMoves.com or the local MLS.

As you have become aware, unless you can have confidence in 'which' square foot measure is in use, you have no hope of extrapolating value which may be why Zillow andTruila are so incredibly bad at calculating values which they have shamelessly published.

Brian Boero stated last month that the greatest fear is centralization of our information (Zillow/Trulia merge) means 'they' control our lives. It's worked very well for China.

Citizens do find it convenient, but seem risk oblivious regarding how they and and will be manipulated.
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Wed Jan 28, 2015
Alistair Barrett-Powell answered:
Hi Peg,

Did you find the home you were looking for?
0 votes 5 answers Share Flag
Sun Dec 14, 2014
Annette Lawrence answered:
County Tax Value and Sales Prices are for two completely separate purposes.
There is no expectation they should be the same. It is like asking 'Why is there a great difference between the posted speed limit and the current temperature?"

The taxing authorities in Tampa and Saint Petersburg have separate goals when posting a tax value or the number labeled 'Just Market Value." The fine print reveals this value is interned to be 15% LESS than sales prices while the other wants to maximize tax revenue and chases the market value. BOTH are separated from reality by a significant margin.

In either case. tax data ALWAYS lags the marker. In a down market, the values are too high and a rising market always too low. We are in a rising market.

If you really want to know the market value, you should consider consulting with those who assist in the sale and purchase of dozens of homes every year.

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor FL
727.420.4041
EXAMPLE: Market In A Minute & CIS Score on TRULIA
http://goo.gl/BN6LUW
MORE about CIS Score:
http://bit.ly/1uHGE3K
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Fri May 23, 2014
Brenda Herr answered:
Yes the prices are on the rise... so if you find your dream home and if you can afford to purchase it, then maybe you should consider doing that. You could possibly rent it out until you retire plus have a place to use when you visit instead of renting from others. ... more
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Thu Apr 24, 2014
Chuck Williams asked:
Thu Oct 17, 2013
Alistair Barrett-Powell answered:
Hi,

I saw your question but for some reason it didn't attach one to the request.

Please let me know how I may assist you
0 votes 1 answer Share Flag
Wed Sep 11, 2013
Ron Harrison answered:
use my site no problem, www.orlandoshowcase.com
0 votes 3 answers Share Flag
Wed Aug 14, 2013
Alex Scopino answered:
Hi and thank you for giving me the opportunity to answer your question. HOA fees in the villages are roughly $145 per month. These fees are traditionally called "amenities fees" here and with all the events, clubs, pools etc are well worth it.. As far as taxes go the villages spans 3 different counties with their own tax base. If the home you purchase is considered your primary residence (Florida residents only) then you can apply for a homestead exemption which would cut the taxes you pay on the property.
I see you're from Thornton! I lived in Westminster for one year and loved it!

Hope this helped answer your question, let me know if I can be of any other service to you
-Alex-
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Wed May 1, 2013
Alistair Barrett-Powell answered:
Good evening!

Did you find the information that you were looking for? :)

If not, we'd be delighted to help.

Alistair
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Wed May 1, 2013
Alistair Barrett-Powell answered:
I think now because sellers are watching the news and pricing too high and expecting buyers to pay premiums...... Eventually the market will catch up with the prices BUT the carrying costs until that time will be high ... more
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Mon Feb 4, 2013
Dick Batts answered:
The simple and correct answer is YES! A Realtor CAN show you both MLS listings AND homes listed by the developer. While The Villages developer would like Buyers to believe otherwise, the complete answer is this: The sales agents who work for The Villages sales department (read "developer") are allowed to sell both new lots and new homes in The Villages. They also can sell pre-owned homes that are listed by the developer. However, because they are not members of the National Association of Realtors nor members of a Multiple Listing Service they CAN NOT sell homes listed in The Villages by a Realtor.

On the other hand, Realtors ARE allowed to sell new or pre-owned homes in The Villages, even if the pre-owned homes are listed by the developer. But here's the catch - if a Realtor does sell a developer listed home, new or pre-owned, the developer will NOT compensate the Realtor - no commission split. This is the developer's way of trying to control Buyers, misleading the general public and discouraging Realtors from showing the developer's listings.

Many Buyers are turned off by this tactic, desire to work only with a Realtor, and it can be done.
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Fri Jun 15, 2012
Alistair Barrett-Powell answered:
Hi Richard,

Hope you're well.

I don't know if you have found a property here yet or not, but if you haven't we would be DELIGHTED to help you.

With many many years of foreclosure and short sale knowledge, please let us know if we can be of service.



–
Alistair Powell
Broker/Owner | Villages International Realty
Office: 352-450-4505 | Mobile: 352-391-0091 | Fax: 352-450-4505
Email: ap@VillagesIR.com | Web: http://www.VillagesIR.com

Facebook: http://facebook.com/villagesfloridarealestate
LinkedIn: http://linkedin.com/company/villages-international-realty
Twitter: http://twitter.com/villagesrealty
YouTube: http://youtube.com/user/villagesrealty
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Fri Jun 15, 2012
Alistair Barrett-Powell answered:
Hi Lisa,

We have a number of properties available, if you are interested in finding one for the 2012-2013 season, please visit the web reference link below and let us know your contact information.

Many thanks



–
Alistair Powell
Broker/Owner | Villages International Realty
Office: 352-450-4505 | Mobile: 352-391-0091 | Fax: 352-450-4505
Email: ap@VillagesIR.com | Web: http://www.VillagesIR.com

Facebook: http://facebook.com/villagesfloridarealestate
LinkedIn: http://linkedin.com/company/villages-international-realty
Twitter: http://twitter.com/villagesrealty
YouTube: http://youtube.com/user/villagesrealty
... more
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Fri Jun 15, 2012
Alistair Barrett-Powell answered:
Hi there,

We saw approximately 4,200 combined new and resale homes sold in 2011.

This was the first year that they released official figures.

2009/2010 was slightly less.

Hope that helps



–
Alistair Powell
Broker/Owner | Villages International Realty
Office: 352-450-4505 | Mobile: 352-391-0091 | Fax: 352-450-4505
Email: ap@VillagesIR.com | Web: http://www.VillagesIR.com

Facebook: http://facebook.com/villagesfloridarealestate
LinkedIn: http://linkedin.com/company/villages-international-realty
Twitter: http://twitter.com/villagesrealty
YouTube: http://youtube.com/user/villagesrealty
... more
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Sat Sep 8, 2007
Deborah Madey answered:
Hi,
Try contacting the Office of Aging that services Sumter County. They often maintain lists, data and referrals that can be helpful. For a broader resource, try this elder hotline that servcies most of central Flroida. If they don't have exactly what you need, they may be able to refer to you a local office
Elder Help Line 1-800-262-2243
Also, here's the website:
http://www.agingresources.org/finder/helpline.html
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Market Conditions in The Villages Zip Codes

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