Exploring The Hottest Real Estate Trends In The Villages - March 18, 2024

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A Realtor living in The Villages, Florida analyzes The Villages, Florida Real Estate Market.
David is a Realtor with Florida Realty Investments.
March 18th, 2024
Link to the show about the NAR settlement:
• NAR Settlement Shocker...
If you have any questions about real estate in the Villages, moving here, or life here, please reach out to me.
DavidisinFlorida@gmail.com
Visit our website to learn about The Villages real estate, lifestyle, questions, golf, pickleball, and more. www.davidisinflorida.com
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All content and information is for informational and educational purposes only, does not constitute professional advice of any kind, and does not establish any kind of professional-client relationship. A professional-client relationship with you is only formed after we have expressly entered into a written agreement with you to work with you in a specific matter. Although we strive to provide accurate general information, you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, financial, or tax-related decisions.

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5 сен 2024

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Комментарии : 16

@michaelsd284 5 месяцев назад

Thank you David for the market research. I saw a video from Gilbo Realty where he was looking at the "new" builds in the Dabney/Denham area and surprisingly there are +200 new homes that are taking much longer then usual to sell. Additionally they are seeing significantly more lots in the Eastport area listed for $0. The assumption is they are hoping to keep the home prices up by discounting the lots. Obviously the southern sections have additional challenges with less retail and activities so it not a huge leap to assume houses will take a little longer to sell. I think this nicely supports the data on the re-sales you are providing. Thanks again.

@davidisinflorida 5 месяцев назад

Hello Michael! Thank you for the update, my viewers appreciate all data points.

@michaelsd284 5 месяцев назад

@@davidisinfloridaDo you have any access to data from between 2015 and 2019. Jut wondering what the price/sqft trend was. I'm looking and seeing home more then double the price with no apparent updates or improvements. Wonder if the market back then was in the $140-$155/sqft or only the ones I looking at. Trying to understand where the trend line should be as I keep hearing below $250 but that still seem out of normal.

@davidisinflorida 5 месяцев назад

Michael: Send me your email through my website davidisinflorida.com, I will send you a long term chart.

@user-ne3bp7xd7e 5 месяцев назад

An interesting, not-yet-discussed aspect of the proposed real estate commission reform is that the _structure_ of the contractual arrangement between a buyer and a buyer's agent will no longer be locked into one prescribed form. New structures will become possible that better reflect the buyer's interests. For example, it has always bugged me that with the old structure it is in the buyer's agent's interest for a home to sell for more, since the commission is a proportion of the selling price, even though this does not benefit the buyer. A possible new arrangement could incent achieving a given price target or avoiding common problems with the home, for example. I for one believe buyer's agents play an important role in the real estate system and am willing to compensate them directly and substantially, but I would be looking for a contract that promotes my specific goals. Sadly, though, it looks like there is going to be a whole lot of chaos in the industry while these changes play out. Also, I suspect large, web-based players will gain a huge advantage over smaller players, and many realtors will be forced out of the industry.

@davidisinflorida 5 месяцев назад

Hello! Thank you for your thoughts. The structure of the residential market has certainly changed. For the better, or worse, remains to be seen. It certainly seems that buyers' agents will be able to differentiate themselves now. An interesting thought regarding compensation for the agent: how would one determine what one MIGHT have paid without an agent. Savings greater than fees would justify the agent commission, but how to determine savings?

@jamesreeves4499 5 месяцев назад

David, thanks for the weekly update. If I were to sell a home later this summer I believe I would still offer compensation to the buyer's agent, but not the 2.5 % or 3% that is so common now. Maybe 1% or 1.5%, I don't really know what percentage is right. But I do believe the general public thinks realtor fees are too high, so this lawsuit should be used as an opportunity to reset rates.

@davidisinflorida 5 месяцев назад

Hello James! Certainly the public thinks fees are too high. Disintermediation seems to come for us all.

@jamesreeves4499 5 месяцев назад

I believe a buyer who does their own online search for homes and finds one or two they want and want to use a buyers agent to let them into the home and purchase one of the two, should get paid less than a buyer who does not do their own search and uses the realtor to drive them to dozens of homes over many weeks of months. Those agents deserve more. Currently, they are paid the same, just a percentage of the selling price

@davidisinflorida 5 месяцев назад

Hello James! I agree! It may take a while for the effects to be fully felt but it will be a new landscape.

@ScottDube1 5 месяцев назад

The villages real estate market seems to be a juggernaut! It just keeps trucking along.

@noreenn6976 5 месяцев назад

still lots of boomers with money to spend. will be interestibf to see what the market is like in 10-20 years

@AngieRTaylor 5 месяцев назад

David - I would appreciate hearing your thoughts on how The Villages agents (that work directly for the developer) will have to change, if/when the NAR settlement goes thru. As we all know, POV (Properties of The Villages) does NOT adhere to the same rules/regulations that we as Realtors do, so it will be very interesting to see if POV has to take a look at their mandatory 5% commission program. Like I stated earlier - they are NOT part of the NAR, so they can utilize any system that the consumer will agree to - so it will be VERY interesting to see if POV does not ‘bend’ to a more flexible commission program, who will the consumer select as their listing agent (MLS vs POV).

@davidisinflorida 5 месяцев назад

Hello Angie! It seems that they might be vulnerable to the same arguments levelled at the NAR. It is VERY interesting being in this market, with two marketplaces. This environment is unique, as far as I know.

@curbappeal1010 5 месяцев назад

I don't plan on selling (in Texas) and buying (in The Villages) for two more years, so we should see some clarification by then. However, I would think as a buyer, I'd like to pay a flat amount for a given amount of work time. I'm just thinking out loud, but maybe something like $3000 for a given amount of days/hours/time. If there is a buyer who is taking weeks and looking at dozens and dozens of homes taking a lot of time, they should pay extra. When selling, I'd be open to giving 1% to the buyer agent on top of the selling fee especially if in a buyer's market.

@davidisinflorida 5 месяцев назад

Hello! I think everybody is pondering their plans, and how they envision the future. The days of paying someone to open a door and write an offer for 3% are probably over. They are DEFINITELY over if the buyer has to write the check themselves.