Complete Complete Buying Buying Guide for Guide for The The VillagesVillages

Presented By:

The The Villages, Villages, FLFL

Dick Batts

HistoryHistoryHarold Schwatrz, a Michigan businessman, began selling land tracts via mail order in this area in the 1960's. Unfortunately for Schwartz and his business partner Al Tarrson, a Congressional law in 1968 banned mail order sales of real estate.

Stuck with considerable portions of Florida land, in the early 1970's Schwartz and Tarrson began development of a mobile home park, Orange Blossom Gardens, in the northwestern corner of Lake County. By the early 1980's, though, the community had sold only 400 units. In an attempt to improve the business, Schwartz decided to buy out Tarrson's interest and bring his son, H. Gary Morse, on board in 1983.

Morse noted that the successful retirement communities (such as Del Webb’s Sun City developments) offered considerable numbers of well-maintained amenities to the residents and were also surrounded by diverse amounts of nearby commercial development. Thus, Morse began to significantly upgrade the development, which worked out well – the mid-1980's saw improvement in sales, and Schwartz then began to buy large tracts of land in nearby Sumter and Marion counties for future expansion.

Morse officially changed the overall development name to The Villages in 1992. The development is still controlled in all major aspects by descendants of Schwartz and Morse (as an example, Jennifer Parr, Director of Sales and the spokesperson on the sales video sent out to prospective buyers, is Harold Schwartz's granddaughter).

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Areas in The VillagesAreas in The VillagesHistoric Section/Orange Blossom Gardens

-No Bond-Close to Spanish Springs-Close to Shopping & Restaurants on HWY 441-Mostly Manufactured Homes-Most Homes are built from 1974-1990

Spanish Springs/Lake County

-No Bond-Close to Spanish Springs & Lake Sumter Landing-Close to Polo Field and Savannah Center-Close to Shopping & Restaurants on HWY 441-Homes are usually built from 1990-2001

North of CR466/Sumter County

-Lower Bond Balances-Close to Spanish Springs & Lake Sumter Landing-Close to Polo Field and Savannah Center-Close to Shopping & Restaurants on HWY 441 & CR466-Homes are usually built from 1990-2004

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Areas in The VillagesAreas in The VillagesMarion County

-Lower Bond Balances-Not as close to Spanish Springs & Lake Sumter Landing-Close to Shopping on HWY 42-Close to New VA Clinic-Homes usually built from 2001-2006

South of CR466/ Sumter County

-Larger Bond Balances -Northern Parts are Close to Lake Sumter Landing-Northern Parts are Close to Shopping & Restaurants on CR466-Southern Parts are Close to Shopping & Restaurants on CR466A-Southern Parts are Close to the future town of Brownwood-Homes are usually built from 2004 – present

Presented By:

The The Villages, Villages, FLFL

Dick Batts

The Villages is the only place in the world where you can play golf free for the rest of your life on all

of the 28 Executive Courses.28 Executive Courses.

As a resident, you’ll also receive free lifetime membership to all

9 Country Clubs9 Country Clubs..

Golf

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Recreation CentersRecreation CentersRegional Recreational Centers

Fitness centers Pottery facilities Meeting rooms Venues with stages Sports pools Bocce Shuffleboard Tennis Pickle ball Basketball

Village Recreation Centers

Billiard rooms Meeting rooms for clubs Activities Fully equipped kitchen Family pools Horseshoe pits Bocce Shuffleboard courts Tennis Pickle ball

Neighborhood Recreation Centers

Adult Pools Bocce Horseshoes Shuffleboard Courts

Presented By:

The The Villages, Villages, FLFL

Dick Batts

EntertainmentEntertainmentSpanish Springs

ShoppingRestaurantsMovie TheaterBowlingEvents

Lake Sumter LandingShopping

RestaurantsMovie TheaterEvents

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Clubs & Groups - More Clubs & Groups - More Than 1000! Than 1000!

Art GroupFishing GroupClowning GroupBird watchingCollecting GroupExploring GroupAstronomy GroupGenealogy GroupLanguage GroupPhotography GroupModels GroupScuba Diving GroupCanoeing GroupGolf car drill team

Dancing clubsNeighborhood clubsCheerleading clubsBig 10 Alumni ClubBrits Tea Gardening clubs

Presented By:

The The Villages, Villages, FLFL

Lunch clubsSingles clubsNationality clubs, Red Hat ChapterState Clubs

Dick Batts

Average Sales PriceAverage Sales Price

Presented By:

The The Villages, Villages, FLFL

The Villages Average Sales Price(Statistics compiled with data from the Realtor Association of Lake & Sumter Multiply Listing Service)

$211,407

$226,430

$195,491$184,438

$195,917

$150,000$160,000$170,000$180,000$190,000$200,000$210,000$220,000$230,000$240,000

2006 2007 2008 2009 2010

Dick Batts

Average Days on the Average Days on the MarketMarket

Presented By:

The The Villages, Villages, FLFL

The Villages Average Days on Market(Statistics compiled w ith data from the Realtor Association of Lake & Sumter Multiply Listing Service)

95119

146 142135

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010

Dick Batts

# of Homes Sold# of Homes Sold

Presented By:

The The Villages, Villages, FLFL

The Villages # of Homes Sold(Statistics compiled with data from the Realtor Association of Lake & Sumter Multiply Listing Service)

229298

375 425

548(this is annualized from a YTD

figure of 274)

0

100

200

300

400

500

600

2006 2007 2008 2009 2010

Dick Batts

Bond Assessment Bond Assessment Created to fund the infrastructure during developmentDivided by # of parcels in that particular VillagePaid to the Community Development DistrictAnnual payment including interest shows up as part of your tax bill (non- ad valorem)Can be paid off at any time or at time of closingAmount owed should be disclosed

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Maintenance FeeMaintenance Fee Used for the up-keep of the infrastructure Annual fee Will continue and can not be paid off Shows up as part of your tax bill (non-ad valorem)

Amenities FeeAmenities Fee Used primarily to pay for Recreation/Sport facilities Monthly fee

Presented By:

The The Villages, Villages, FLFL

Dick Batts

Becoming a VillagerBecoming a Villager

1. Buy a Pre-owned Home from a Realtor

2. Buy a New Home from the Developer (the developer’s sales representatives are not Realtors and represent the Developer exclusively)

3. Buy a Pre-owned Home from the Developer (the developer’s sales representative are not Realtors and represent the SELLER exclusivelyrepresent the SELLER exclusively))

Presented By:

The The Villages, Villages, FLFL

Dick Batts

New vs. Pre-Owned New vs. Pre-Owned (ranges

based on a Designer Home)

Presented By:

The The Villages, Villages, FLFL NewNew Pre-OwnedPre-Owned

Bond Balance $20,000 + Ranges from 0 (no bond)- $20,000

Maintainence Fee

$1000 + Ranges from 0 (no maint.)- $1000

Doc Stamps Paid by Buyer Paid by Seller

Title Insurance Paid by Buyer Paid by Seller

List Price Non-Negotiable

Negotiable

Dick Batts

Your Next Steps…Your Next Steps…Find your RealtorGet pre-approved *Search available inventorySubmit an offer in writing (your Realtor will do this for you)Let your Realtor help you negotiate the offerSubmit Contract to Lender*Submit all needed information to Lender in a timely manner*Home InspectionTermite InspectionSubmit Repairs NeededHome Owners InsuranceTurn on UtilitiesGet Cashiers Check for Closing *If financing

Receive Keys to Your New Home!!

Presented By:

The The Villages, Villages, FLFL

Dick Batts