Reasonable Expectations in Home Buying

I had a buyer recently who thought a home that was built in 2004 needed a new air conditioner even though it was in working condition. My buyer thought that she should deduct from the list price the cost of a new AC along with a laundry list of renovations that she needed to make the house more to her liking in determining her offer. Not only did she want a new AC but the most expensive Trane model made. I thought the home was in pretty pristine condition and it is normal for a home that age to have an original AC unit. I showed her sold comps from the past 3 months to determine fair market value. Homes in that community consistently sold for $5K to $10K off list price. The home we were looking at was priced right. Her offer based on her needed upgrades was $20K off list price. Needless to say the seller thought she was crazy and we were unable to make a deal. I’m telling this story for a couple of reasons. If the list price of a house is correct it already takes into account the age of the home and the community where it is located. You can’t just ignore sold comparables and make up an offer based on nothing other than your personal opinion.

How to move long distance …..step one pick a city

The first step in moving long distance is to pick a city. It doesn’t matter what the houses are like if you don’t like the area or the area doesn’t have the things that are important to you. Everyone is different. What is important to me might not even be on the radar for you.

I just spent time with a guy who decided not to buy in Ocala. His reason was that he only ate organic food and there wasn’t enough in the way of organic markets here. A quick internet search or asking me could have saved us both a lot of time.

After a thorough internet search and maybe exchanging emails with someone local like a realtor such as myself you should visit the city. Don’t bother looking at homes just spend a day or 2 traveling around the area. You could hit a few cities in a week or so. Buying a home is a huge investment. You should expect to do a lot of home work. The internet is just a start. There is no substitute for real life in person interaction.

Thunderstorms in Ocala Florida

I heard in the past that central Florida is the lightning capital of the world. I just read that it is actually in Africa. There is a area that stretches from Tampa to the Space Coast that has more lightning strikes than any where in the US. Although Ocala is a little north of that area we get serious thunderstorms and lightning is a real problem.

My personal experience with lightning was 3 or 4 years ago. A huge blast shook my house so much so that I went outside in the pouring rain to look for a hole in the roof. Seeing nothing I went back inside. A short while later I went to the garage and saw the clock for the irrigation system in the middle of the floor. A bolt of lightning hit the ground in the back yard. It got into the wires that lead from the sprinkler clock to the control valves. The electricity followed the wires inside and blew the clock off the wall. Then it traveled into the house wiring and blew up my desktop computer in my home office on the opposite side of the wall. I learned my lesson and now have every electronic device in my house plugged into a high quality surge protector. I also have a surge protector on the electric meter to protect the major appliances.

 

Not all Ocala 55+ have a true HOA

Not all Ocala 55+ communities have what buyers from other parts of the country think of as a homeowner’s association, that being when the builder finishes construction that he turns over the facilities and management to the residents.

Here and in many parts of Florida the developer retains ownership of the common areas including the clubhouse, pool, fitness center and golf course and manages the community collecting fees for using the amenities. In this type of community the HOA is for social purposes like clubs and activities. Area communities with this sort or structure include Cherry Wood, Oak Run, Ocala Palms, On Top of the World and the Indigo East and Candler Hills areas.

Communities where the residents do control a homeowners association are Summerglen, Spruce Creek Golf and Country Club, Spruce Creek Preserve, Palm Cay, Spruce Creek North,  and Stone Creek when it gets built out.

I’m not sure one is better than another. Oak Run is one of my favorite communities. You get a lot of bang for your fees at Oak Run and the fees pretty much remain the same.

Spruce Creek Preserve home for sale

white house with tree in front

Spruce Creek Preserve home for sale. This Fir model, built in 1998 has 1,424 sqft of living area and 2244 sqft under the roof. It features newer carpeting, updated appliances, 2 bedrooms, 2 full baths and a 2 car garage. It is in an especially desirable location with no neighbors directly in back. There is a great view of the clubhouse from the Lanai. HOA fees are $117- month that cover trash pick up, use of the clubhouse, pool, fitness center, maintenance of the common areas and professional community management. Golf is not part of the HOA fees. This home is priced at $89,500-

UNDER CONTRACT  Only 57 days on the market !
SOLD

 

Ocala Florida sink holes

Sinkholes: An overview from Fla. DEP

TALLAHASSEE, Fla. – Aug. 16, 2013 – Another Florida sinkhole made national headlines when a resort near Disney World broke apart. Because the phenomenon scares most homeowners, the Florida Department of Environmental Protection’s Florida Geological Survey compiled the following information. It provides a single point source for general knowledge about the nature of sinkholes in Florida, along with information on what should be done if a sinkhole happens nearby.

Facts about sinkholes in Florida

• The entire state sits on top of several thousand feet of limestone, which can form with natural void spaces called porosity. In limestone where the void spaces are connected, the rock is permeable. In most ways, this is positive: Porous and permeable limestone makes great aquifers and provides millions of gallons of fresh drinking water for residents and agriculture. However, acidic groundwater can change the limestone, leading to sinkholes.

• Sinkholes form from the collapse of surface sediments into underground voids. In Florida one may see solution sinkholes, cover-subsidence sinkholes or cover-collapse sinkholes. The first two types will show very little topographical disturbance to the naked eye, while the third is the type that shows an abrupt change in topography and the one most people consider when they hear the word “sinkhole.”

Questions about sinkholes

My yard is settling … Do I have a sinkhole?
Maybe. But a number of other factors can cause holes, depressions or subsidence of the ground surface. Expansive clay layers in the earth may shrink upon drying, buried organic material, poorly-compacted soil after excavation work, buried trash or logs and broken pipes all may cause depressions to form at the ground surface. These settling events, when not verified as true sinkholes by professionals, are collectively called “subsidence incidents.”

If the settling affects a dwelling, further testing by a licensed engineer with a licensed geologist on staff or a licensed geology firm may be in order. Property insurance may pay for testing, but in many cases insurance may not cover damage from settling due to causes other than sinkholes.

A sinkhole opened in my neighborhood … should I be concerned?
Although sinkholes in Florida sometimes occur in sets, most are isolated events. The bedrock underlying the state is honeycombed with cavities of varying size, most of which will not collapse in our lifetimes. A quick inspection of your property for any sinking or soft areas might be prudent. Unless the sinkhole is very large and extends to your property, there’s likely to be little reason for concern.

Should a sinkhole open in an area near you, the hole should be immediately cordoned off and clearly marked to protect traffic. Contact local law enforcement to report the hazard and call your city or county road department to initiate repair work. If the road is private, repair of the hole is usually the responsibility of the landowner or property owners’ association.

Is there a safe area of Florida with no chance of sinkholes?
Technically, no. Since carbonate rocks underlie the entire state, sinkholes could theoretically form anywhere. However, there are definite regions where sinkhole risk is considerably higher. In general, areas of the state where limestone is close to surface, or areas with deeper limestone but with certain types of water table elevation or characteristics have increased sinkhole activity.

More information about Florida sinkholes should be developed over the next three years. The Department announced recently that the Florida Geological Survey, in conjunction with the Florida Division of Emergency Management, has received a $1.1 million grant from the Federal Emergency Management Agency (FEMA) to address sinkhole vulnerability.

© 2013 Florida Realtors®

Ocala Florida home buying advice……..heat pumps

Most Ocala area homes are cooled and heated by a heat pump. Although a heat pump looks like central AC unlike an air conditioner it heats as well as cools. You can only get away using a heat pump in very mild climates like here in Ocala where we get very few winter nights below freezing. The winter here in Ocala is really only about 6 to 8 weeks long.

There is natural gas for heating in some areas. Generally it doesn’t pay to lay gas pipes in areas without high heating costs. You do find gas in some areas of the city of Ocala and in a few retirement communities where there are a lot of homes closer together. People who are looking for gas are usually looking for cooking rather than heating. Some people use propane for cooking but it is expensive.

Heating is not the issue or expense here in Ocala. The expense is air conditioning which is also supplied by the heat pump. You will need AC from late May until late October 24/7. From Late October until around Christmas and from mid March until May you might not need heat or AC.

Someone said to me just recently that energy efficiency isn’t as important in Florida as it is up north. The rational was that even if the outside temps are in the 90’s you will only be trying to cool the inside down to the high 70’s. A difference of less than 20 degrees as opposed to trying to heat a house to 70 when the outside temps are in the 20’s a difference of 50 degrees. His point being that expensive windows and insulation doesn’t have the pay back it does in more extreme climates.

 

 

Dunnellon Florida makes list of Top 15 Retirement Hot Spots for Real Estate Investing

tree on edge of the water

Rainbow River Dunnellon Florida

Realty Trac best known for information on foreclosures has placed Dunnellon Florida on it’s list of 15 retirement hot spots. Not only did Dunnellon make the list it is number one !

Dunnellon is about 30 minutes west of Ocala. It is a very nice town best know for it’s homey rural atmosphere, 2 rivers and close proximity to the Gulf of Mexico. Now there is only one 55+ community in Dunnellon so Realty Trac is talking about retirement in communities without 55+ deed restrictions.

If you’re interested in Dunnellon real estate call me, email me or use my Dream Home Finder