Quote:
Originally Posted by lindaelane
You specifically want North Villages and its my understanding there has been little change in property value over time. There is reason to think this will continue. - - Check this out with an independent (not Villages) agent, because I cannot be sure. - - I can tell you the market price of my North Villages home has not budged in the four years I've owned it. I can also tell you I paid about what those who owned it before me had paid nine years before. Furthermore, I was told that prices in The Villages did not take much of a hit during 2008 - in other words, this is kind of a "real estate island" where little changes. Perhaps not true of new builds south of 466A. You need a professional opinion specific to the North Villages. Again, speak to an independent agent, not a Village employee who sells real estate here. (They are nice, but they do repeat the company line, which is not always strictly accurate.)
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Both you and the former seller must have way overpaid.
I had my home built 18 years ago on a championship golf course north of 466. It is now worth 3 times what we paid. Neighbors who have sold, got 3 times plus what they paid, even homes not on the golf course here have increased 3X+ up to 4X their original value, so you are totally miss-stating values in general north of 466.