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Originally Posted by 2 Oldcrabs
We have been here for almost a month looking at new and resale home. The prices for resales are 20 to 30 percent lower than a year ago. (some are higher but very few looking at them). "Village Property' sales seems to be pushing us toward new homes, which appear to be less than resales even when taking the higher bond into consideration. Multi-List are telling us to make an offer and that owners are taking 4-6 percent under asking price. Many Many for Sale by Owner. We have not found the perfect home for us, but we will be back!
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Don't the Village Propery sales people get a higher commission on new homes? I see to recall reading that somewhere. We had a friend selling her pre-owned home. Her bond was paid, she had spent $4000 on landscaping, curbing, etc., and in my opinion had a better location in the Villages then some of the new Villages where homes are being sold. When you made those adjustments in her asking price, her home compared favorably with the new homes. If you have to pay to have all that stuff done, including paying a bigger bond, go through the 6 months or year of waiting for contractors, getting estimates, etc., and waiting 3 or 4 years for the landscaping to get big enough to provide privacy, I'm not convinced that buying new is the way to go. And you would never pay the asking price on a used home, there will always be a discount. And the bonus is you know with a pre-owned exactly what you will have for a neighborhood and for neighbors. You won't wake up one morning and find you have a neighbor behind you with 2 barking dogs that never quit, and a blaring tv.