Quote:
Originally Posted by margaretmattson
You have been given advice by many posters. Do not buy in Denham and Dabney because it is isolated and will remain that way. Lake County has the hghest taxes in the Villages. The sales in that area are moving at a snail's pace. The developer is having a heck of a time unloading those homes.
If you are placed in a NEED TO SELL position, you may have a difficult time. At our age, expect the unexpected. Most of us are not willing to place ourselves in a difficult position. Especially when there are much better buys throughout the Villages.
As it stands today, homeowners who paid full price in the Dabney area are already in a precarious position. Neighbors are moving in at discounted prices. Some savings as high as $30-50K. Homeowners who paid full price are experiencing depreciation. How bad will it get? Looks like the Developer is willing to slash prices until ALL are sold.
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LOL. I already bought. Anyhow this is all silly advice. I still haven’t seen any evidence that we are isolated apart from less golf. I’ve mentioned all the things we have but that keeps getting ignored. My generation doesn’t care about shopping. Brownwood shops are bore city unless I need a sea turtle painting. We have everything we could want only minutes away.
Look at the map of Dabney and Denham now. Houses are going under agreement quickly for January. Northerners don’t sell in winter. I’m betting spring market will see a big increase. One house in my neighborhood in Denham is under agreement for 200K more than it sold for a year ago. Preserve sites here are not a bad investment. They are all sold already.
Apart from that I bought for the lifestyle and retirement. It’s not an investment property for me, so any advice based on future value has little affect on my decision.