Moving to Florida? What you need to know about CDD fees

February 19, 2020

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Many people to who move to the Sunshine State are taken aback when they are introduced to CDD (Community Development District) Fees. What are they and how are they different than HOA fees?

 

First, it’s helpful to know why CDDs exist. These fees were created and are used primarily in Florida to shift the burden of planning, building and maintaining roads, utility lines, water/sewer systems, conservation areas, and other conveniences in new communities away from local governments.

 

The many costs of installing infrastructure are financed by the community’s developer through tax-free municipal bonds that are issued when the community is built. These bonds also pay for amenities like clubhouses, swimming pools, tennis courts, golf courses, yoga lawns, dog parks, you name it!

 

Then the cost of the bond is passed onto homeowners who purchase a home in one of these communities. They pay the costs over a span of time—generally 15 to 30 years—through property taxes each year. If you have a mortgage, it’s amortized into your payment.

 

I know what you might be thinking: “But wait, that sounds a little like an HOA!” Believe it or not, there are differences between CDD fees and HOA fees.

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All signs point to a great year for real estate in Northeast Florida in 2020!

January 27, 2020

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All signs point to a great year for real estate in Northeast Florida in 2020. The Northeast Florida Association of Realtors market stats for December 2019 show sales, closings and prices are up for the month and year. The supply of homes on the market continues to drop.

 

 

Year over year numbers are:                     2018             2019           Change   

Pending sales                                            30,244           32,466          +7.3%
Closed sales                                              30,253           31,881          +5.4%
Median sales price                                $222,000       $233,990        +5.4%
Inventory of homes for sale                        9,181             7,602          -17.2%
Months supply of homes for sale                 3.6                 2.8            -22.2%

 

 

A study by ShowingTime indicates that buyer traffic has increased in all four major regions of the U.S. The South region saw the biggest uptick with 10.8% year-over-year increase in October. We are seeing increased buyer activity in Northeast Florida.

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Considerations when buying a home with a pool

January 22, 2020

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Thanks to the great climate here in Northeast Florida, the chances of seeing homes for sale with a pool are very good.

 

In addition to boosting the resale value of a home, owning a pool can offer lots of additional advantages. But owning a pool is not to be taken lightly. If you have ever owned a home with a pool, you already know the upsides and downsides. If not, consider these points before diving into swimming pool ownership.

 

Owning a pool is proven to benefit your health. Having a pool can offer big advantages for your physical and mental health. Swimming has proven itself to be perhaps the best form of exercise. It is low-impact with big cardiovascular benefits. And you don’t need to be a lap swimmer to reap the benefits of your pool! Light water aerobics or just wading around your pool can help you build mobility and endurance without the harsh impact on your joints. This is especially helpful in the hot summer months when you can stay cool in the water. In addition to offering a private place for exercise, your pool is a place for de-stressing and emotional relaxation.

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RV & Boat Owners: New Community Helps You Say Goodbye to Off-site Storage!

January 3, 2020

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If you store your RV or boat in an off-site facility or lot, you know the down sides. The storage costs, the logistical hassles, and the risks of keeping it exposed to weather elements.

 

Now I have your solution! An ultra-exclusive community is now under construction in St. Johns County, which will boast 10 RV garage homes on 83-foot waterfront lots. There are no down sides here!

 

Imagine living in a brand new home on a huge lot overlooking a sparkling lake among Florida’s pristine wilderness… and have your RV or boat right in your garage! Did I mention it is located in St. Johns County, which is ranked as Florida’s #1 school district and healthiest county?

 

The community’s homes are designed and constructed by a top local builder. Floor plans reflect the best in contemporary architecture and quality features, with the option to easily add your RV/boat garage.

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Four Davidson Realtors become eTown Certified Agents

December 27, 2019

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Davidson Realty is pleased to now have five agents who completed the new eTown Certification Program: Liz Pappaceno, Suzy Evans, Shannon Rodriguez and Delilah Salameh.

 

These agents have access to news, updates and special insights directly from the community’s master-developer, The PARC Group, that are not available to other real estate agents.

 

Once complete, the gated eTown community will have about 1,400 homes spread through its five neighborhoods.

 

The PARC Group designed the community to center on energy-efficiency and sustainability. Its forward-thinking approach is reflected in both the home designs and neighborhood names, four of which are named after technology pioneers in history.

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