[manaboutown]

Originally Posted by Dani & Bill

We utilize a “No Broker Agreement”. I hope this answers your questions.

Not this one: Does the developer motivate you financially or otherwise to steer buyers to new homes?

No free meals in the private dining room, rides on any of the jets in the Morse Air Force, big game hunting on the developer's ranches out west?

So you never even act as a transactional broker on behalf of a seller and/or buyer and hence entirely avoid agency except in the case of the developer's interest?

Do you give your customers this notice?

"NO BROKERAGE RELATIONSHIP NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS.

As a real estate licensee who has no brokerage relationship with you, (insert name of Real Estate Entity and its Associates) owe to you the following duties:
1. Dealing honestly and fairly;
2. Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.
3. Accounting for all funds entrusted to the licensee.
(Date) (Signature)

(5) APPLICABILITY.—
(a) Residential sales.—The real estate licensee disclosure requirements of this section apply to all residential sales. As used in this subsection, the term “residential sale” means the sale of improved residential property of four units or fewer, the sale of unimproved residential property intended for use of four units or fewer, or the sale of agricultural property of 10 acres or fewer.
(b) Disclosure limitations.—
1. The real estate disclosure requirements of this section do not apply when a licensee knows that the potential seller or buyer is represented by a single agent or a transaction broker; or when an owner is selling new residential units built by the owner and the circumstances or setting should reasonably inform the potential buyer that the owner’s employee or single agent is acting on behalf of the owner, whether because of the location of the sales office or because of office signage or placards or identification badges worn by the owner’s employee or single agent.
2. The real estate licensee disclosure requirements of this section do not apply to: nonresidential transactions; the rental or leasing of real property, unless an option to purchase all or a portion of the property improved with four or fewer residential units is given; a bona fide “open house” or model home showing that does not involve eliciting confidential information, the execution of a contractual offer or an agreement for representation, or negotiations concerning price, terms, or conditions of a potential sale; unanticipated casual conversations between a licensee and a seller or buyer which do not involve eliciting confidential information, the execution of a contractual offer or agreement for representation, or negotiations concerning price, terms, or conditions of a potential sale; responding to general factual questions from a potential buyer or seller concerning properties that have been advertised for sale; situations in which a licensee’s communications with a potential buyer or seller are limited to providing general factual information, oral or written, about the qualifications, background, and services of the licensee or the licensee’s brokerage firm; auctions; appraisals; and dispositions of any interest in business enterprises or business opportunities, except for property with four or fewer residential units."

From: Statutes & Constitution
:View Statutes
:

Online Sunshine

[jrref]

Originally Posted by Stu from NYC

The problem with cashing in is where do you go from here?

The Villages is relatively expensive but that's because of all that you get. Some people move to smaller and older communities where homes could be a little cheaper. But you are right, it's not going to be a lot cheaper for the same type of home.

[Laker14]

Originally Posted by RPDaly

Do a lot of retired folks that came down here recently after cashing out elsewhere really need to take out a mortgage? How do you even qualify for one without a job? No mortgage was on the top of my list of things I did not want any longer in life. We purchased a property at a price to accomplish that. Plus take a look at the bonds on the new builds. That is almost a mortgage in it's self and the rates are only climbing.

we took out a mortgage because we didn't cash out up north. We still have our northern home. We had to show our income stream from our Social Security and our IRAs etc. I think many do sell their "northern" home and have the cash to not take out a mortgage.

[Laker14]

Originally Posted by Dani & Bill

We utilize a “No Broker Agreement”. I hope this answers your questions.

I'm not trying to beat you up, but I do hope you'll come back to the thread and answer the specific questions.

When we were buying our home we used two brokers. One from The Villages, and one from an MLS company. A new build was not in our plans and our Villages agent never tried to push us into anything. The MLS agent signed a contract with me stating that he was acting as MY fiduciary, and he did well. The only reason he got the sale was that the house we decided on was an MLS listing, not a Villages resale.

I would have been OK with the Villages agent and sale if she'd had the house we wanted, but I would also have had my eyes wide open as far as whose interests she was primarily advancing.

[manaboutown]

Sales of Previously Owned Homes Fall to an Almost Two-Year Low

[dewilson58]

Originally Posted by manaboutown

Sales of Previously Owned Homes Fall to an Almost Two-Year Low

That's not saying much............the market was crazy for two years.

[manaboutown]

Originally Posted by dewilson58

That's not saying much............the market was crazy for two years.

Yes it was. It seems the bubble is starting to deflate some.

[Dallasdon]

Originally Posted by manaboutown

Sales of Previously Owned Homes Fall to an Almost Two-Year Low

Related to above:
Median rents have crossed the $2,000 threshold for the first time. : NPR

[Laker14]

We seem to have lost our Villages Realty representative, and we never got any definitive answers to the questions posed.

[BlueStarAirlines]

Originally Posted by Laker14

We seem to have lost our Villages Realty representative, and we never got any definitive answers to the questions posed.

It appeared there was a pretty aggressive agenda and were not honestly seeking dialogue. I don't blame them......

[Laker14]

Originally Posted by BlueStarAirlines

It appeared there was a pretty aggressive agenda and were not honestly seeking dialogue. I don't blame them......

Originally Posted by Dani & Bill

You may want to find another ‘valued resource’ for your information. We ARE licensed agents but we do NOT belong to the NAR. We DO listen to the clients needs and assist accordingly, furthermore, we cannot MAKE you purchase ANYTHING.

I refer you to their first post on the thread, suggesting we find another 'valued resource' for our information. When asked simple direct questions they disappeared without answering them. I thought they were offering their first hand knowledge of the role and responsibilities of Villages Realty agents as a source for our information. Evidently not.

[vintageogauge]

Originally Posted by Laker14

I refer you to their first post on the thread, suggesting we find another 'valued resource' for our information. When asked simple direct questions they disappeared without answering them. I thought they were offering their first hand knowledge of the role and responsibilities of Villages Realty agents as a source for our information. Evidently not.

Not everyone is on here every day. They might be back in a couple.

[Laker14]

Originally Posted by vintageogauge

Not everyone is on here every day. They might be back in a couple.

Fair enough.. I hope you are right.

[VApeople]

Originally Posted by twoplanekid

However, there are now a lot more homes listed for sale on the Villages internet sales site. Has anyone else noticed this?

Yeah, I have noticed the same thing.

A couple years ago, there were 21 re-sale homes on the market in the Village of Fenney. A few months ago, there were about 6. Today there are 19.

[Stu from NYC]

Rising interest rates and fear of major recession will make housing prices drop like a rock.