Oak Run Golf & Country Club – Ocala, FL

October 27th, 2009 shultz Posted in Home Buyers, Home Sellers, Ocala Area Information, Ocala Communities, real estate information, Sellers, Senior Citizens Comments Off

Oak Run, Ocala FL

Oak Run Golf & Country Club, Ocala FL

Oak Run is a wonderful active adult golf community located in Southwest Ocala, Florida, a classy gated neighborhood with so much to offer.  This place literally has it all and what a place to retire to – everything right in the community complete with 24-hour gated security, 18-hole championship golf course, 9-hole executive golf course, 6-acre training facility, two golf clubhouses, pro-shops, six recreational facilities with indoor & outdoor swimming pools, hot tubs, Roman spa, fitness centers, tennis, shuffleboard, bocce ball, library, auditorium, restaurants and too many activities, hobby clubs & enthusiast clubs to mention!

Oak Run Swimming Pool, Ocala FL

Oak Run Community Pool

This beautiful subdivision has a variety of homes & lot sizes to meet your specific needs.  You can’t beat these amenities and Oak Run boasts several different recreation areas convenient to all community members.

Oak Run Community Swimming Pool

Oak Run Swimming Pool

The Orchid Club is nestled in the middle of a 10-acre park-like setting – enjoy yourself indoors & out!  Complete with fitness center, card game & meeting rooms, billiards, arts & crafts, ceramic studio and library.  This great hot spot also sports an auditorium – sit with friends and enjoy movies, plays, musical performances, gala dances with live bands, bingo, etc…  accommodates over 1,000 individuals, perfect for large gatherings & community events!

Oak Run Hot Tub

Oak Run Hot Tub

The Island Club is for all of you water-lovers out there – boasting three “specialty pools” that include a lap pool, an aquacizing pool and a lounge pool – not to mention the lovely elevated sundeck for you to soak up that gorgeous Florida sunshine.  So, no matter what your level of swim intensity is, you’re sure to find it at the Island Club!  We cannot forget to mention the luxurious Roman spa and inside the clubhouse is a convenient meeting room.

Oak Run Golf Course View

Oak Run Golf Course View

The Aquatic Sports Club is the place for year-round water enjoyment and exercise!  Always in season, the indoor heated swimming pool not only has open swimming but there are also work-out sessions as well.  Want to catch up on the latest buzz?  You’ll hear it all on the large sundeck outside!

Oak Run Tennis Courts

Oak Run Tennis Courts

The newest addition to Oak Run is the gorgeous Palm Grove Club – with 30,000 square feet of space and packed with special features – including dedicated health center, aerobic room & yoga room, multi-purpose center for social events, large stage for theater presentations, tropical pool area, Jacuzzi spa and lots of space to lounge.

Oak Run Fitness Center

Oak Run Fitness Center

Royal Oaks Golf Club is one of the most outstanding features of the Oak Run community.  Luxurious lush golfing grounds in tune with nature make for a spectacular golfing experience!  Part of the Audubon system, the preserved grounds, majestic granddaddy oaks, wild birds,  manicured courses and pristine Florida ambiance make this a picturesque setting that will have you at the top of your game…  Enjoy the 18-hole Champion golf course, or hit it up for a quick nine anytime at the Executive Golf Club with 3-9 courses.  Ready to kick it up a notch?  Sharpen your skills at the 6-acre 6-hole practice facility and get with a PGA pro for lessons and fittings to help get you that edge…  Done with the game and ready for an elegant gourmet dining experience?  Perhaps you need a great breakfast to get you going?  You cannot miss the Royal Oaks Members’ Dining Room which serves breakfast, lunch & gourmet dinners.  Enjoy panoramic views of the golf courses as you dine in style…  If golfing is not your thing – but fine dining is, you can still enjoy good times with friends here with your social membership.   Two pro-shops will have you geared up and ready to go on your golfing experience!

Oak Run Shuffleboard

Oak Run Shuffleboard

Ready for a Virtual Tour of Oak Run?  Let us show you around Oak Run right from your computer!

Oak Run, Ocala FL Virtual Tour Video YoutTube

Oak Run Virtual Tour Video

Thinking about moving to Oak Run?  Please feel free to fill out our Dream Home Finder and let us look FOR YOU, allow us to sort through all the active listings, send you property information and schedule showings.  If you live in Oak Run and are thinking of selling, feel free to contact us for more detailed statistics or a free market analysis, please call or e-mail us.

You may email us directly at: Info@TheShultzTeam.com or call us anytime at 800-243-4087.

Art & Brigitte Shultz
The Shultz Team

#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276

Ocala Florida FREE Moving Truck

March 17th, 2009 shultz Posted in Appliances, First-time Homebuyer, Home Buyers, Home Sellers, Kitchen Updating, Ocala Area Information, Senior Citizens Comments Off

Ocala Florida Free Moving Truck - The Shultz Team

Buying a new appliance or looking to get that riding lawn mower?  Well if you are, be sure to use our free moving truck to transport them home to save on delivery charges!  Our truck is available for all of our clients both past and present and also for charity events anywhere in Marion County.  Our free moving truck comes complete with loading ramp, dolly and furniture pads.  Subject to availability so please call as far in advance as possible to reserve the time you will need it.  Driver must be 21 years old with valid license and insurance.  Just fill the gas tank when you are finished is all we ask!  We have been offering this free service to our community for over 6 years.  If you have ever been a client of ours you will always be a client of ours and we continue to offer this service to you and your family.  Our truck is free for personal moving, charity events, donating furniture, picking up personal items for delivery, etc.  Feel free to call or email us to request a time slot!

Art & Brigitte Shultz
The Shultz Team

#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276

Ocala Real Estate Market Update – Bargains Bargains Everywhere!

September 16th, 2008 shultz Posted in First-time Homebuyer, Home Buyers, Home Sellers, Interest Rates, Market Updates, Mortgages, Senior Citizens, Taxes Comments Off

Bargains, Bargains Everywhere! Is it time to buy?

Uncertainty in the market place is at an all time high.  Everywhere I go folks are talking about the economy, gas prices, real estate, the Wall Street mortgage debacle, the election, and the overall state of affairs in general.  With regard to Real Estate I am constantly being asked, “When are things going to turn around?  Have we hit bottom yet?  Is there light at the end of the tunnel?”  My standard response is that “I don’t know anything.  If I did, I would have bought two or three hundred lots in 2003 and sold them all by August of 2005.” However, I do have an opinion and my opinion is……

I would now like to share that opinion with you – our clients, friends, and neighbors, and I apologize in advance for being a bit wordy, but as most of you know, that’s my nature. First, a little historical recap. Brigitte and I have been selling Marion County real estate since 1993. She began in 93- myself in 99. From that time to about 2003, inventory levels of homes for sale, county-wide, ranged generally from 3500 to 5000. That began to change in 2004 and drastically changed in 2005. During that red hot market inventory declined to a multi-year low of approximately 1188 homes by June of 2005 and then began to climb; increasing every single week to it’s peak of 7967 homes in November of 2007. On the demand side there are 40% fewer buyers today than a year ago and 60% fewer buyers than 2 years ago. That’s a 650% increase in inventory with half the buyers. You do the math.

Now let’s talk lots. Marion County lots sat dormant in several major subdivisions such as Marion Oaks, Silver Springs Shores, and Rainbow Lakes Estates in Dunnellon for 30 years. Up until about mid 2003, you could have bought every lot in those locals for $1,000 to $5000; $8,000 Tops would have bought them all. Then the market began it’s move and the price of lots escalated to the $30,000 to $50,000 range ($75,000 to $125,000 for an acre) before topping out in late 2005. This was a price advance, in many cases, of 10 fold. There were 9300 lots sold via our MLS in 2005, 3300 in 2006, approximately 1200 in 2007 and today you can hardly give them away.

What Happened?

After the stock market and dot.com melt down in 2000, a short recession post 9/11 in 2001 coupled with the fed’s continued interest rate reductions beginning in 2002, and subsequent record 40 year mortgage rate lows, real estate emerged as the investment of choice for the professional and layman alike on a predominately national basis through roughly 2006. The hottest areas during that time were California, Arizona, Nevada, and Florida. Those one time hot spots are the hardest hit markets today. By late 2005 virtually everyone had become a “real estate expert and/or wealth building advisor.” Folks were buying anything and everything of real value without fear or judgment. Banks were making zero down/no doc loans to people that couldn’t qualify for a loan at a buy here/pay here car lot. There was never going to be another poor day.

I was raised in the cattle business and my Grandfather once said “When your banker starts wearing boots, its time to get out of the business.” He also said, “If your banker ever agrees to grant you a signature loan without any collateral, you need to change banks.  ” My Grandfather was a wise man.  (P.S. If you’re our banker, please don’t take offense.  We Love You.)

Where are we today?

Well, basically, housing prices are down approximately 25% plus or minus from their record levels in late 2005 to early 2006. In other words, if you bought a home in the year 2000 for $100,000, in 2005 it was probably valued in the $200,000 range and today, most likely, around $150,000. Land values or lot prices in most cases are off 35% to 50%. For those folks that got carried away, caught up in the fever, and purchased vacant land in less desirable areas, they could be off 85% to 90%. We are, by all accounts, currently, back somewhere between 2003 and 2004 levels. Timing is everything. For some it is pretty bloody.

What’s in store for the future?

I knew you were going to ask that.  I read an article recently that likened real estate to the perfect storm. The bubble has burst. Record inventory and sub-prime loans are reeking havoc on all fronts, and now, even prime loans are taking a hit. JP Morgan’s purchase last spring of Bear Sterns and, as of this writing, Wall Street, once again, in the midst of crises with the Chapter 11 filing of the 158 year old firm Lehman Brothers; the Merrill Lynch, purportedly, forced sale to Bank of America; the AIG request for emergency funding from the Fed; the bailout two weeks ago of Fannie Mae and Freddie Mac now requiring tax payer capitalization estimated at up to 200 Billion; and of course European, Asian, and world markets all effected by the USA’s housing market. The gloom and doom prognosticators are out in force and having an absolute hay-day. The list goes on and on. Man, we have really hit the big time.

This plethora of negative rhetoric reminds me of another pivotal time in history-The stock market collapse of 1973-74. Today’s news media reporting with regard to real estate strangely parallels the following 1974 stock market headlines. Business Week: “Whistling Past the Graveyard”; Forbes: “Why Buy Stocks?”; Barron’s: “Running Scared” and Fortune: “A Case For Gloom about Stocks”(Lowenstein, pg. 157). All this negativity was espoused at the tail end of a six year bear market with the Dow in the 500 to 600 range, price-earning at post great depression ratios, and all the while Warren Buffett is licking his chops and buying with both hands. Undervalued stocks or companies with major intrinsic value (the yard stick of measurement taught by Buffett’s mentor Benjamin Graham) were all over Wall Street ripe for the plucking. Yet, most all the celebrated securities analysts remained fearful and too timid to pull the Trigger. During this apocalyptic newscasters vision of Wall Street’s world spinning out of control, Warren Buffett granted Forbes an interview and made the first public prediction of his life with the Stock Market at 580 in early October 1974. “How do you feel?” asked Forbes. Buffett explained that he was so excited about the market that every morning he couldn’t wait for his feet to hit the ground. He said, “This is the time to start investing” (Lowenstein, pg. 161).

Well, as the old adage goes, “It is always the darkest before the Dawn” or if you are a pessimist, “It is always the darkest right before it goes completely Black.” I choose to be an optimist. I believe that adversity and opportunity are kissing cousins and if there has ever been a time to kiss your cousin, the time is now. It was John D. Rockefeller who said, “Be Fearful when people are greedy and greedy when people are fearful, the time to buy is when there is blood in the street.” Has the market hit bottom? Who knows? Can the market decline further? Of course. Will the market decline another 25%? Now here is where I pull out the old crystal ball. Some say “yes”; I say “no, I don’t believe it will” and let me give you a couple of reasons why.

The first turn of events which was of absolute necessity to signal a turn around or a slow down in price decline, was a housing inventory top. The number of properties for sale peaked at just under 8000 homes in November of 2007 and today’s numbers are around 7100. Second on the agenda was housing starts. Supply and demand has remedied that dilemma. Housing starts in Marion County for the 2005-2006 period ending in June were approximately 6750 and for the same period in 2007-2008 they were 784. That’s a reduction of 90%. New Homes are currently selling below builders’ cost. The bottom line is that if you are a builder in Marion County today, unless you are into renovations, you are retired. Third are REO bank foreclosures and short sales. These properties had to start moving and they have, primarily due to drastic price reductions. However, they still have a substantial way to go. At present, short sales and REO properties have put a lid on everything. Fourth and last but not least are the financial markets. The U.S. government’s decision to seize mortgage giants Fannie Mae and Freddie Mac a couple weeks ago produced a huge sigh of relief on Wall Street. While I understand that many do not necessarily applaud their action, I do know this . . . The last time I checked, it appeared to me that Americans were pretty well hooked on Credit. Also, I am quite sure that the financial sector’s sudden inability to sell or lay off securities in these secondary markets would most certainly have further exasperated the current housing crisis.

Now, the main reason for this lengthy discourse, as stated in paragraph one, is to share my opinion. So here goes. I think the market is at or near a bottom. The market could certainly be in for further decline, but I think anything substantial is unlikely. Let me put it this way-if you bought property in late 2005 and are selling today, it would be like jumping off a cliff, but I believe if you buy today and were forced to sell in the next year, it would be no worse than falling off a 3 ft stepladder. We’re close.

One set of circumstances that render Marion County real estate particularly enticing is our median price level. The national median is $212,000- down 7% from last year; Ocala’s median price level is $138,000, which is down from $168,000 last year. We live in one of the most beautiful spots on the planet, yet we are much less expensive than other comparable locations. Hmm . . . , maybe that is what Benjamin Graham considers to be intrinsic value.

Will the market turn on a dime and head right back north? I doubt it. As a matter of fact, I think we will probably go flat for a couple years and then begin a slow but gradual recovery. A likely scenario, in my opinion, is that it could be 2015 before we see 2005 price levels again. If you bought in 04, you looked like a genius in 05. Hopefully those of us who buy in 08, 09, and 10 will look like the smart guys in 2015.

It was Henry David Thoreau that said, “The mass of men lead lives of quiet desperation”. Personally, I believe it is fear that holds the majority back. None of us want to be known the rest of our days as a certain top level IBM executive, who said in the early 1970’s, “Why would anyone buy a personal computer; the market there will always be limited”. Fortunately, if you are to succeed in any venture, you have to get off the fence. The only time a turtle moves forward is when he sticks his neck out. That’s why there is currently so much opportunity out there in real estate. Most folks are still on the fence because they don’t want to stick there neck out. Allow me to share one of my personal favorites by President Theodore Roosevelt, Far better is it to dare mighty things, to win glorious triumphs, even though checkered by failure… than to rank with those poor spirits who neither enjoy nor suffer much, because they live in a gray twilight that knows not victory nor defeat”.

Is it time to buy? I believe so. Is it time to sell? I think not. Shall we sit on the fence? You decide. In summary, please remember, should all this heart felt, expertly crafted, finely tuned rhetoric prove to be totally without merit, as I said early on, my standard response is, “I don’t know anything, but……”.

Your Realtors for life,

Art & Brigitte Shultz

The Shultz Team

Re/Max Premier Realty
Direct Toll Free: (800) 243-4087

Works cited

Lowenstein, Roger. Buffett The Making of an American Capitalist, 2 ed. Random House, Inc., New York, 2008.

Seniors – 2006 Tax Tips and 2007 Tax Changes

March 9th, 2007 shultz Posted in Home Buyers, Home Sellers, Senior Citizens, Taxes Comments Off

Brought to you by the Senior Advantage Real Estate Council®


The April IRS tax filing deadline is looming. Here are some tax tips to pass to clients and to use as you prepare your own returns.

-Early mortgage and property tax payments-If you made your January, 2007 mortgage payment before the end of 2006, be sure to deduct the mortgage interest for that January payment on your 2006 taxes. The same goes for pre-paid property taxes.

-Retirement Contributions-If you’re self-employed and have a Simplified Employee Pension (SEP), you have until April 16, 2007 to make contributions for tax year 2006. If you file an extension on your tax returns, you can extend that date to October 15, 2007.

-Home office deductions-If you’re self-employed and qualify for a home office deduction, don’t forget to write off a portion of heating and lighting costs and home insurance premiums.

-Energy-efficient renovations-If you’ve modified your home with energy efficient products, such as solar panels, energy-efficient windows, and so forth, see whether you’re eligible for a tax credit.

-Investment Properties-Add up receipts associated with investment properties. Repairs to keep the property in good working condition are deductible during the year you pay them. Significant investments, like a major kitchen renovation, get depreciated over 27.5 years for residential real estate.


There are a number of changes in the laws affecting estate, gift, and capital gains taxes. Here’s some brief information on the changes.

Federal estate tax law amounts–For many over age 50, their home is the largest asset in their estate. The amount in an estate that is excluded from Federal Estate Tax is $2 million for 2007 and 2008. The exclusion rises to $3.5 million for 2009.

Gift tax–An individual can make a gift of up to $12,000 to any other individual without paying a gift tax or reporting the gift. Just a reminder: The tax on gifts over $12,000 is paid by the donor–the person giving the gift.

Capital Gains Tax-In 2007 and 2008, the maximum tax percentage is 15% on long-term (over a year) capital gains (sales price minus basis, which varies based on the circumstances). On December 31, 2008, that maximum rises to 20%.

The minimum tax percentage fluctuates. It is 5% in 2007, dips to a zero minimum (0%) in 2008 and then goes up to 10% on December 31, 2008.

In 2007, the capital gains tax exemption amounts remain the same: $250,000 is not subject to tax for an individual, and for couples, the figure is $500,000.


(Most Baby Boomers are still contributing to retirement accounts. For those who are no longer working, the distributions may be their primary source of money to live. The source of money impacts their housing and lifestyle goals.)

Contribution limits:
Roth IRAs and traditional IRAs 2007: $ 4,000 2008: $ 5,000

Roth IRA Basics:
-Contributions are made with after-tax dollars
-Contributions are not deductible
-Can contribute even after the age of 70 -1/2
-Money can stay in a Roth IRA for your lifetime
-No tax penalty if you withdraw early
-Qualified distributions are tax free
-No income restrictions
-No income tax on withdrawals during retirement

Roth IRA income limits increase in 2007:
-Single people: A full contribution is allowed if income is $99,000 or less. A partial contribution is allowed if income is up to $114,000.
-Married couples: Contribution limits range from $156,000 to $166,000.
-To convert from a traditional to a Roth IRA, income cannot exceed $100,000, regardless of marital status.

Catch-up contributions:
Individuals age 50 and older can make “catch-up” contributions to their retirement plans.
-Regular IRAs: Limits for 2007: $5,000; Limits for 2008: $6,000
-SEP IRAs, 401K, 403(b) and 457 plans: Limits for 2007: $5,000
-SIMPLE plans: Catch-up contributions equal 50% of whatever the current limit is for 401k, SEP, and 457 plans.

Qualified retirement plans: The current contribution limit allowed to be considered when determining contribution amounts and benefits is $250,000.

Defined benefit plans:
-2007 cap on annual benefits is the lesser of $180,000 or 100% of the average compensation for the last three years.
-Annual additions are limited to the lesser of $45,000 or 100% of compensation.

401K, SEP, 403 B, Elective Deferrals:
The 2007 limit is $15,500 for elective deferrals for 401k plans, tax sheltered annuities, and salary deduction simplified employee pension plans.

Annual elective deferrals to a SIMPLE plan: The 2007 limit is $10,500.

Annual deferrals under section 457 plans (such as deferred compensation plans or state or local governments or tax-exempt organizations): The 2007 limit is $15,500.

Many thanks to the SENIOR ADVANTAGE REAL ESTATE COUNCIL® for putting this together!

Brigitte Shultz
The Shultz Team
#1 Team at Re/Max Premier Realty
Ocala, FL
Toll Free: 800-243-4087
Direct: 352-291-1276
* FREE OCALA MOVING TRUCK! * – Contact for more details!