Quote:
Originally Posted by Snakster66
The people who price smartly, sell quickly. The ones who don’t, dont. This is more true right now than it has been in some time. Many sellers still think it’s 2021 or 2022 where they can throw up an inflated price and still have a feeding frenzy. It’s not. House prices are depressed now from the peak in 2022. That’s reality. How long this continues, I don’t know. But I am getting good at seeing new listings and predicting whether the will sell relatively quickly or sit.
Stubborn ones MAY be people on the edge of losing money (bought at the peak in 2022 or thereafter), but some seem to have a number in their head and don’t want to drop it. I’m good either way. When I’m ready (hopefully sooner than later), I know what I’m targeting and what number should get it done. The good news is, if one house sells, there’s always another one that gets listed .
New houses? Don’t care, not interested in that area. But I do like to see the developer lower prices, because I firmly believe it has a ripple effect on re-sell prices.
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We feel the same. Cookie Cutter homes are the same throughout the Villages. In our opinion, one is not that much better than another. We are more concerned about the possible ripple effect you mentioned. IF it does occur, we do not want to be on the wrong side of it. If prices go up, great! We will take the hit. It is better to buy high in a sound market than overpriced in a down market. Until then, our money is collecting nice interest.