Talk of The Villages Florida - View Single Post - Distressed Property
View Single Post
 
Old 04-26-2009, 05:42 PM
JoeB1's Avatar
JoeB1 JoeB1 is offline
Junior Member
Join Date: Nov 2008
Location: Fortuna, CA, Antioch, CA Pleasanton, CA, the Village of St. Charles.
Posts: 25
Thanks: 0
Thanked 0 Times in 0 Posts
Default The right time

There are a few different threads on here about the "right time to buy". You might start by searching for them.
I don't live in the Villages yet, either. We have visited a few times and gone on a couple lifestyle previews. We have used the villages realtors and an outside realtor to look at new homes and previously owned homes. Currently they are offering a 4.0 or 3.5 % discount on new homes, in the villages. This has been going down about 1/2% a month for the last couple months. The numbers of foclosures or distressed sales are probably less than in most areas of the country, and I suspect lower than the rest of Florida. They have been having a record sales year this year. Their busy time is during the winter months. People flock to the area for the nice weather. I would say there is no correlation with the rest of the country in general and the villages. Their demand seems to stay very strong, with probably close to the majority of homes being bought for cash.
As many people on this board have commented, you need to spend some time in the area and get to know what it has to offer. Take the opportunity to set up a lifestyles preview and look at some homes. The sales staff is amazingly low key and there was no pressure at all to even look at homes during the lifestyles preview. I think that is the only way you can judge if the time is right for you to buy.
Good luck, we have our house for sale in CA. and would love to move immediately, if only we could find a buyer.