[az2fla]

SteveFromNY ... The Sumter County Tax Assessor website is a helpful site SteveFromNY. I would have to say that almost any home purchase in FL, CA, NV, AZ and a few other markets is upside down or very close to flat if that house was purchased from late 2005 to early 2007. It may be ego or foolishness for sellers of resales not to price to market conditions. Many folk watched in awe as the value of their homes escalated over the past few years. They want to sell now for what their home was valued at 18 months ago....ain't gonna happen (as they say). The builders and developers are not in love with their products; thus, lowering the prices is not an emotional factor for them. Homeowners need to learn the same lesson or they'll be getting even less next year than they could this year if priced appropriately. In The Villages it's tough competition to sell a resale. Sellers must compete with the discounts offered by the developer as well as reasonably priced MLS and VLS. When the rebound occurs, prices will rise sooner in TV than elsewhere; that's for sure. Question is: "When will the rebound take place?". Continuing to pay bond, r.e. taxes, utilities, insurance, amenity fees, etc. while holding out for the very last nickel is, indeed, penny wise and dollar foolish. All those expenses plus the downward direction of home prices won't be recouped by stubbornly refusing to price to market. As any earlier poster stated: Beazer Homes sold for much more than the $9.33 it fetches today - that's market conditions at work!