[Villages Kahuna]

On the subject of impact fees or big property tax increases, those questions appear to be settled. But the result is there is no apparent source of funding for the road expansion to the south which will permit the Developer’s continued rapid development of houses and shopping centers. He may have to fund the road expansion with higher bonds on new houses, or pay for new roads and infrastructure as he has in the past and ‘repay’ himself from profits on new houses or shopping center operations. Any of those sources place the burden of the costs on those that will actually benefit!

If you think the price of homes will decrease anytime soon, you’re delusional. I’m aware of a pre-owned house in the Lake Sumter area—not on a golf course, no ‘water view’, a 16-year old Lantana—that went to contract last week after two days on the market, for a purchase price over 30% higher than the house sold for only eighteen months ago! There were 11 visits and two all-cash offers on the first day the house was open for viewing.

If you’re looking for a house in The Villages, new or pre-owned, be prepared to open your wallet much wider than you may have expected. And be prepared to act fast, the listings are selling at a lightning pace.