Community Forums

DerekF · 01-31-2022, 06:38 AM

“Us Floridians have a long history of relieving visitors and wannabe residents of their wealth going back at least to Juan Ponce de Leon.”

But, but he promised the fountain of youth is on this property he sold me!

hohenwald48 · 02-05-2022, 05:39 AM

Two things are certain about any RV lot in any part of Florida. The value will go up and the HOA fees will go up. You have to decide if the two balance out.

If unsure, consult with a real estate attorney and get your own buyers real estate agent. Before you sign any contract.

You'd be amazed how often attorneys hear "can you review this contract I signed YESTERDAY?" [emoji2369][emoji85]

2cyber71 · 02-05-2022, 05:48 AM

You build it
I’ll rent it
$49,000 is a lot of RV resort rentals.
No fees, no taxes, no utilities

MO Fred · 02-05-2022, 06:02 AM

Sounds too costly and risky. I’d look for a lot for sale in a place that’s already been developed.

hohenwald48 · 02-06-2022, 07:56 AM

Quote:

Originally Posted by MO Fred

Sounds too costly and risky. I’d look for a lot for sale in a place that’s already been developed.

That's always an option. However, lots in already developed parks probably average in the $150k range. Undeveloped is always cheaper than developed.

Bigceasar · 02-06-2022, 08:53 AM

Quote:

Originally Posted by hohenwald48

That's always an option. However, lots in already developed parks probably average in the $150k range. Undeveloped is always cheaper than developed.

Depending on a whole bunch of variables that lot could easily end up costing that $150,000 before it can be used. We already know the buyer is responsible for a well and septic system. If the power is only to the edge of the property they have the expense of running the line to a pedestal they also must purchase. If the lot is unimproved they must clear a pad and then build the actual pad. Then there is landscaping and drainage to account for. And when all that is completed you have no idea what is going to happen around you. If there is a rigid set of HOA requirements to protect your property from the neighbors building an eyesore those same requirements will add to the costs of your lot. The only way I would consider this project is if the location of the park is exceptional, such as oceanfront or very near a high end attraction.

NevadaNick · 02-06-2022, 09:19 AM

Developers take risk when developing property, this developer isnt taking much risk as they want your money before using theirs. I would tell them to let you know when its completed and then we will buy.

Winemaker2 · 02-06-2022, 10:51 AM

If really interested I'd get a lawyer involved to draw up a contract that included about 50% to be held in escrow and paid when the promised items have been completed... developer will likely balk... and I would likely walk

dbircky · 02-06-2022, 11:12 AM

Quote:

Originally Posted by NevadaNick

Developers take risk when developing property, this developer isnt taking much risk as they want your money before using theirs. I would tell them to let you know when its completed and then we will buy.

This.