Talk of The Villages Florida - View Single Post - Villages to sell amenities?
View Single Post
 
Old 10-23-2024, 11:12 AM
BrianL99 BrianL99 is online now
Sage
Join Date: Dec 2021
Posts: 3,538
Thanks: 296
Thanked 3,443 Times in 1,359 Posts
Default

Quote:
Originally Posted by golfing eagles View Post
I'm sure you could get those answers if you were a party to the sale. Are you?????
Quote:
Originally Posted by golfing eagles View Post
Probably. But my response was funnier 😂😂😂
Quote:
Originally Posted by Laker14 View Post
I have to agree.
Quote:
Originally Posted by tophcfa View Post
That’s a reasonable question, one would hope it’s a true arms length transaction since it involves the residents Ammenity fees. It’s definitely questionable that the parties involved are truly independent and have equal bargaining power, it’s been that way forever (by Villages time).
I'm not sure who's funnier.

I suspect the property is essentially "appraised" using an income approach (income being amenity fees) and a selling price is determined from there.

I doubt there's immediate agreement from both sides, when presented with the initial appraisal, so I'm guessing it's subject to some negotiation ... which may be exempt from Florida Sunshine Laws, depending on who's attending or participating.