Quote:
Originally Posted by VApeople
Based on what we see on Zillow.com, it looks like a lot of houses in The Villages are not selling well. We have seen quite a few that have been on the market for six months or more and have undergone multiple price reductions.
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With information on the internet available, Purchasers have become very knowledgeable.
Overpriced houses don't sell, or houses that are undesirable for other reasons.
Many purchasers find a noisy location or a house with smokers not to their liking.
Many sellers overprice their home, thinking the "right purchaser" will see the value. This leads to multiple price reductions.
Well priced houses that show well tend to sell quickly at this time of year.