Talk of The Villages Florida - View Single Post - Buying and older house question
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Old 02-28-2025, 08:52 AM
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Quote:
Originally Posted by Byte1 View Post
I think you have already made up your mind. IMO, the homes North of Rt466 are an excellent choice for several reasons.
The bond is paid off
Established neighborhoods with comfortable seniors
Established and mature landscaping
Many more reasons, I'm sure.
Look for one that has had the roof replaced in the last few years
One that has had a new AC/HC replaced in the last few years
Once you have potentially decided on a place, have an inspection performed and any repairs made before closing.
Just my opinion, of course. The prices are down right now, but will start climbing again, IF/IF the interest rates drop on mortgages. I've seen home prices in the Villages drop up to $50K in just the last few months. Snatch one up now while the price is low. You can always move again later if you see something you like better. Most folks move at least twice or even three times before they finally find their "forever home" in the Villages.
IMO, in areas where there are very few homes for sale, probably means that folks love it there and have no intention of moving. That makes a nice neighborhood, IMO.
Totally agree. If you are watching the market, the indicators of a turning upward would be changes in inventory or mortgage rates both of which correlate. Just put a shortcut for Zillow Access to this page has been denied and Bankrate Current Mortgage Rates: Compare Today's Rates | Bankrate on your frequented device. Right now there is still the downward trend, but how low can it go?

Most of us are waiting for a couple of recession indicators before anyone can really say much else. The job market is numero uno.
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