We had a designer in Bonita, first house, gorgeous so we fell for looks instead of being practical for our lifestyle. We had very nice neighbors but we could see what they had for breakfast since our lanai was, while raised, too close for comfort. Third house, with a cement walk behind it, while private, we could hear too many conversations. Current home on a pond, private and open space....serenity. Bond less than up north...life is good for us.

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

Beth Pope is an excellent agent!

2/2 Colony next door to us with really nice improvements has been up for sale by TV sales folks over 6 weeks with multiple open houses. It seems a little overpriced but another identical home behind us with just about no improvements a few months ago sold for asking price in a matter of days which was close to what he is asking but it probably would have sold in 2 hours about 3 months ago. Last conversation with him he hadn't even got an offer. Seems prices will stay high for a while until people realize changes are either in the wind or already passed wind. ;)

I think the problem is many new buyers are now more cautious for many reasons stated which is why homes are not being sold the same day. My realtor says the frenzy is basically over. The only homes that sell quickly are ones that are upgraded, move in ready and priced correctly.

Also a lot of recent existing home sales are by people wanting to cash in give where the market went. The problem is now it's too late. Many are going to be very disappointed.

I don't think that answers any questions until you explain what a "No Broker Agreement" means for the buyers and the sellers.

How about direct "yes" or "no" answers to the 3 questions posed?

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

Not a lawyer, but Google told me

“A no brokerage relationship or non representation takes place when the broker is not directly involved in buying or selling of the property. he/she just facilitates the listing of the property for which he/she can be paid a certain amount.“

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I think you are absolutely correct. I have been following homes for about 6 months and seems to me as though home sellers are testing the top of the market by pricing their homes at ridiculous values, counting on the "greater fool" principal to see if someone will fall for it.

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

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.

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.

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.

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

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

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

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......

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.

Fair enough.. I hope you are right.

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.

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