Quote:
Originally Posted by Sidney Lanier
I would have to disagree based on our experience. As snowbirds we were looking for a preowned Patio Villa; we bought a little over a year ago and ended up with a preowned Designer for minimally more than the Patio Villas we had been looking at. Why? Because the sellers were, in real estate parlance, 'highly motivated.' We bought a house in a great central location and a lovely neighborhood with beautiful landscaping including large fruit-bearing trees, bond fully paid, water purification system and lots more extras installed, plus a garage full of tools and much more left in the house as well as furnished lanai and screened front porch, virtually all closing costs paid by the seller, and have yet to see, even with prices of new construction down so much, anything comparable....
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I keep hearing others say that they thought that the value in the preowned was better , but that certainly was not our experience. We just settled last month on a brand new Wisteria in Bonita for the in-laws. I used to be in real estate , both as an agent and as a investor. I track the market pretty close down here. We got the Wisteria for 183000 with a 20k bond (every single closing cost was covered by TV) . We looked at many preowned both with the villages and outside agents. We saw nothing that could come close.
Of course if the preowned homes that we looked at ended up accepting 25k less than they were asking , then that is a different story. I am going by the listing price.
misky, I would try and track the homes for sale on realtor.com and thevillages.com. You can get more info on a particular home by looking it up on
www.propertyappraiser.com (year built, how much the current owner paid, a ground sketch of the home, tax info, a plat of the home and surrounding areas, what other homes in the neighborhood have sold for, etc) Realtor Sally Love also has a good website with one of the topics, 20 Latest Price Reductions in TV. Her web is sallylovesells.com
Today, I just golfed with a neighbor that works for the villages in constructiion. He says they have laid off several builders and are dropping to 50 new homes a month. He says they have about 750 new homes in inventory.
jeffy