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Christmas Is Over!

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Christmas in Florida

Christmas is Over!

I have a confession to make.  I knew when we booked our cruise for the end of November 2021 that it was going to cut into the Christmas season and therefore, I made an agreement with my husband that there would be no need to decorate our home – much to his relief!  However, when we got on our cruise on the day after Thanksgiving, the ship was not decorated for the holidays – not until the cruise after ours (what the what?).  We had a great time in our suite and on ship for 7 days.  What was not to like about having lots of room, a double balcony and even a bathtub in our cabin? We arrived home and I felt a little sad about not having decorations to enjoy.

I have been busy with Real Estate, my husband has been busy with being an over the road truck driver – but I ached for Christmas in our home!  So, as wonderful husbands do, George got all the stuff out of storage to decorate our house:  The 9 ft tree, the Thomas Kincade Santa ornaments, the nick knacks, all of it.  Friends told me, “Don’t worry about it!  Decorations can stay up until January 6th!”  I liked this way of thinking, buying more time and all!  Now, fast forward a little and we accepted the opportunity to go to Destin for a long weekend right after the New Year.  No problem, I was able to work from the car, the time share or from anywhere at any time – and I did!  The problem is when we got back it was January 10th and my tree was still up!  Dang it!!  I will have it put away this week, but I really love the holidays here in Florida – when the weather is 80+ degrees and sunny!  There is so much to do like golf carting, walking, biking, pickle balling, golfing, quilting, railroad making, Veteran fellowshipping, swimming, working out, taking classes and/or field trips and so much more – nothing but a smile and a kind heart is required (and maybe a nice pair of shorts).  So here is the picture I wish to remember during this past holiday season.  I had waited so long to get poinsettias that all I could find were these little ones but that is OK because on this January 10th, they still look good after a little water.  I am going to give them to some friends and neighbors starting with my next-door neighbor.  The wonderful thing about living in a great 55+ community is helping others to smile…  Are you ready to enjoy people again?  Give me a call.

It’s time for me to retire

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I started selling real estate here in Ocala in 2006. I immediately developed my website OcalaHouseHunter.com and went live in January 2007. In 2009 I started this blog OcalaRealEstateTalk.com. It’s now time for me to retire. I’ve been slowing down for the past 2 years and giving buyers to another agent from our office, Valerie Ostrom. She did a very good job and all the buyers I sent her seem happy. I am now selling Valerie my website and blog and she will continue to help people with homes here in Ocala. Like me Valerie specializes in 55+ homes. Valerie lives in On Top of the World and is an expert on Ocala retirement communities.

 

Buying a house in Ocala in 2021

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It’s getting harder and harder to buy a house in Ocala. I’ve been thinking about this for a couple of months now and the following are random thoughts.

Unless you live in Ocala or within reasonable driving distance you’re screwed. No one will hold a house while you jump on a plane and come down here. You can’t even trust that a home that looks active doesn’t already have an offer.

I don’t see the market changing anytime soon. This is pure supply and demand. There is also a catch 22 thing where people are afraid to sell even at high prices because they don’t know where to go next.

If you are out of state and absolutely want to move there are a couple of things you can do.

  1. You could make an offer on a house sight unseen. Yes people actually do that but it’s highly dependent on your personality.
  2. You could sell your existing home. Store you furniture or sell everything but very important and personal items. You could then try and find some sort of rental which is very difficult or stay on a hotel for a month or two. I have heard there are rentals in The Villages in the summer off season. Some people have relatives to stay with or a few lucky ones might have an RV.

I did an informal survey of the community I live in, Stone Creek. A few homes are selling below list price but most are selling at or above list price. There were a lot of cash sales but sellers are still taking offers where the buyer is getting financing. I can’t tell if sellers are taking a contingency on the sale of an existing home or not.

Buying in a sellers market

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A few random thoughts about options and potential problem when making an offer in a sellers market.

Cash. Cash offers without a doubt gives the buyer an advantage. In Ocala though cash offers are not that unusual. We see them often. Cash with no contingency other than an inspection can’t be beat.

Contingencies. Contingencies are a disadvantage. An offer with a contingency on the sale of an existing home is the worst. Even before the current sellers market list agents and sellers were nervous about the sale of a buyers home. Finance contingency will lose out to cash every time. A loan with a local lender is usually look on as better than a big national bank.

Inspections. I put this in it’s own category instead of as a contingency. I have heard of buyers in super competitive situations skipping an inspection and I think that is just crazy. Maybe and just maybe if a house was a year or 2 old but even then I think an inspection should be done.

AS IS. An AS IS contract means that you do an inspection but the seller makes no repairs. The buyer can take it or walk away. Some list agents don’t like AS IS because unlike the traditional contract that locks the buyer in unless the repair limit is exceeded, in an AS IS the buyer can walk away during the inspection period. If a seller is open to AS IS it can be an advantage for the buyer.

Sight Unseen. By that I mean making an offer based on what you see online without actually visiting the house. I’m not a fan and don’t think I would buy a house like this but some people do. I have sold 6 or 7 sight unseen homes. I do a walk through looking for things that you can’t see on MLS images. I have also done short video walk throughs to get a feel for the property. I only do walk throughs and videos for buyers who are drop dead serious about making an offer on a specific home.

Renting. There are few to none short term rentals here in Ocala other than an Air B&B. Ocala 55+ communities have various restrictions against renting short term. Renting long term is hard to find and during the lease term home prices will go up and you’ll be spending $1500 to $2000 a month during the lease. I’ve been told there are short term rentals down in the Villages but that’s all I know. I don’t do rentals at all.

Homestead Portability in Florida

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Homestead Portability applies to people selling a home that has a homestead exemption in Florida and buying a new home in Florida. You can bring your homestead exemption along with you to your next house. It’s not that simple though as I realized when I recently bought my new home. It was a short time after I closed on my new Stone Creek home that I got an email from a local title company with a link to a video talking about a service that checks your Portability. I was shocked that I lost out on almost $500- in tax breaks ! I called my broker and a few real estate friends some whom have been in the business for over 20 years. No one had heard of this.

When you have owned a house for a long time like me 15 years the value of your house goes up. The property appraiser has different values for your house. Assessed value which is what you pay taxes on and Market or Just Value. If your Market or Just Value is way off from the amount you are going to sell your house for you will lose a large amount of Homestead Portability. If you don’t dispute the Market or Just Value before you close on your existing home it’s too late. Period.

This is complicated so here is a link to the service where I saw the video. I am not endorsing them. I’m not affiliated in any way. This is just great info that can save you hundreds on your taxes every year.   https://floridahomesteadcheck.com/

Ocala #6 in Best Places to Retire

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Ocala sign for historic downtown square

US News and World Reports published a list of the Best Places to retire in 2020-21 and Ocala came in at # 6 out of 150 major metropolitan areas. You will notice out of the top 20 Ocala has the highest housing affordability score.

Link to article    https://realestate.usnews.com/places/rankings/best-places-to-retire?sort=overall&high_to_low=true

There is no selling season in Ocala

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Unlike other parts of the country Ocala has no selling season. Up north home sales are slow in the winter. We don’t have a winter in Ocala. People don’t buy homes with the idea that they have to close before September so their kids can get into their school. Sales are a little slow during the holidays. For me personally most of my sales are between January and June. Sellers don’t list their homes during any one season.

Dogs in Ocala Retirement Communities

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I am often asked is if a specific 55+ community is dog friendly. All the retirement communities in the Ocala area allow dogs. The wording of the deed restrictions vary but all allow at least 2 “common household pets”. That means dogs or cats and not your pot belly pig I guess.  I don’t know of any community that restricts breeds but your dog should be friendly and happy. One thing that might make one community more dog friendly than another is if you can fence your yard. Some communities have dog parks others don’t.

New home vs a Resale home in Ocala Fl

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This post is about new verses resale homes based on my recent personal experience building a new house in Del Webb Stone Creek.

New houses are new. They have a new roof, AC, kitchen ect ect. They are not flawless. New homes always need things fixed that the sub contractors missed during construction. New houses may also need additional things such as a fenced yard, additional lighting or fans, garage storage, more landscaping, closet storage and the list goes on.

Newer resales especially 55+ resales often show as good as new. A lot of the things like landscaping, storage and fencing are not improvements where you recover 100% of your cost. Some just make a house more sellable. You can often find a nice lot in a resale that would cost a big premium on a new house.

Older resales often need some renovating. You would expect to pay less for the same size house  vs new. I’m selling a 1997 home with a hard to find pool looking out at the golf course in Ocala Palms for only $215K. You couldn’t be any where near that price in a new home.

 

New Home in Del Webb Stone Creek Part 4

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This is part 4 of my experience building a new home in Del Webb Stone Creek

Today is June 11. This is my busy season and I am behind on my blog posting. To bring you up to date a lot has happened at my house in Stone Creek since my last post on April 19. On April 22 we went to our pre drywall inspection with our field manager Jacob. He went over how the inside walls are framed, the roof truss system, plumbing and electric both of which are beneath the slab, insulation and pest treatment on the interior wood framing. Once the drywall was in things really took off. Between April 22 and today June 11 they finished my house. I have posted pictures below roughly showing the sequence of events. As of today my house is pretty much finished. My field manager started his pre closing inspection this Monday. I have to admit he has a list of things that sub contractors have to fix that I may not have noticed on my own. After the field manager a woman from customer support does another inspection looking for anything that was missed by Jacob the field manager. I am happy. The whole process has been pretty straight forward with minimal stress on my wife and myself. On June 18 we go to our celebration meeting which is more of a pre closing walk trough and orientation about features of the house. This is not the end of my blogging about my new home building experience. Stay tuned.

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