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Originally Posted by Normal
Before I go cherry picking with you, I will be direct by saying I hope it all does turn up well between your friends and the Developer and they get the house of their dreams.
Not everyone shares your optimism about what is happening in the current Villages area. Try selling your home right now if you live in Lady Lake, or any where north of 44. Try selling your house if you even live in St. Catherine or Fenney. The values of these homes have for the most part dropped. Then go to Dabney or even Newell and see for yourself how the Developer has had to drop the prices on those new homes.
As far as cash buyers from out of state, that is what is needed. The real issue is people in other states have to sell their homes in many cases and that is in a market where buyers are paying a 7% mortgage. It’s a buyer’s market in most cases..
There is a term we all have used,”Location, location, location.” Hopefully the new location of Moultrie Creek pans out for all. There are still about a hundred blank lots for sale there. Also your friends might want to try in the new Enclave Premier area as well. Almost all the lots are still for sale there. You mentioned Newell also, good news there is still one new house for sale in that area also.
If I were you I would take that 500-700 dollar a square foot offer.
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Not quite a buyers market. Because of the high interest rates people aren’t selling. Of course if they are moving to Florida to pay cash they will sell. But that’s not most people. People don’t want to trade their 3% mortgage for a 7%. So there is very low inventory. Seeing multiple offer situations a lot. Spring market is picking up as people are realizing these rates are the new normal.