In last week’s column, I identified the six micro real estate markets in Lake and Sumter counties. This week’s column focuses on the primary buyers in those markets. Just like the various micro markets it these two counties, there is an eclectic group of buyers, which makes this market a real challenge for real estate agents. The most important aspect for the local buyer or seller is that they hire the right real estate agent and broker for the property. Depending on the buyer and where the property is located, there are real estate professionals who have experience, which can be the difference in the price and speed of the real estate transaction.
Real estate and construction professionals in Lake and Sumter counties are frequently asked, “How is the real estate market?” This is a completely fair question given the concern most people have for the economy and the memories of the housing crash during the Great Recession. The dilemma is that it portends there is just one real estate market for our local area when it is actually a collage of six micro real estate markets, each of which is unique and able to perform totally different than the others. What many people who are trying to buy or sell real estate in Lake and Sumter counties don’t understand is these properties can be within a mile of one another, yet the demand and pricing equation can be dramatically different. Proximity necessity does not equate to commonality.
Growing up, the worst aspect of working in the yard was getting the gas, checking the oil, cleaning the spark plug and praying with each pull of the rip cord that your mower, trimmer or edger would start. Sweat rolling down your face as you tried to figure out, “Do I pull the choke in or out?” Because of the hassles and unreliability of lawn equipment, many people — especially the elderly and ladies — conceded to the expense of hiring someone to do the work for them.
The goal of this column is to provide homeowners with construction tips, which prevent problems and disputes with construction professionals. With that said, the construction and service industries are barraged daily with complaints, disagreements, disputes and anger. Normally, these disputes are resolved as tempers cool down and the need by all sides to complete the project outweighs the bruised egos when the homeowner or provider capitulate. Most complaints are due to poorly written contracts, poor note taking, and a breakdown in communication between the parties who don’t understand the terminology.
Daily, there are stories told of homeowners and seniors being ripped off by scam contractors, repairmen, and unlicensed builders. In most cases, the homeowners missed obvious warning signs by paying for the job up front, not verifying license and insurance information or simply believing everything told to them without verifying the facts. Don’t misunderstand, it is never the homeowner’s fault they got ripped off. However, bad people are everywhere. You can become their prey if you let your guard down. Remember President Ronald Regan’s mantra, “Trust but verify.”