Talk of The Villages Florida - View Single Post - Lots for sale $0?
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Old 04-17-2024, 04:18 PM
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Default Struggling

Quote:
Originally Posted by DrMack View Post
This is just a cheesy sales gimmick. You get a lot, right after you sign a contract to buy an overpriced house and a honkin huge bond bill.

The Villages is really struggling to move inventory at desired pricing for them.
The main reasons Villages market struggles are inventory, interest rates and overpricing. About 55% of homes sold by the Villages are financed. Homes are still about 15-20% overpriced. If the Developer appears to be selling lots at 0 dollars, he really isn’t. Bond on many of these is 50 k, nothing is free. Then comes the home with certain mandatory restrictions for upgrades.
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