Curious about homes listed for resale

[R&J in NJ]

Hello all,
My spouse and I are seriously considering TV as our retirement destination. We have kept an eye out for resales as well as new homes. We wonder why so many newer homes are put back on the market so soon after purchase. We can only assume the obvious (death of a spouse, etc.) Can anyone shed some light on this? Poor construction, bad neighbors, etc? Thanks in advance.
R&J

[Portia]

Because they buy them with the intention of retirement in the near future ..then put them up for rent for two or three years..

[Bogie Shooter]

Hello all,
My spouse and I are seriously considering TV as our retirement destination. We have kept an eye out for resales as well as new homes. We wonder why so many newer homes are put back on the market so soon after purchase. We can only assume the obvious (death of a spouse, etc.) Can anyone shed some light on this? Poor construction, bad neighbors, etc? Thanks in advance.
R&J

Many different reasons, however, I doubt, poor construction, is a reason.
Also what do you mean by so soon?

[chiefrose]

I've found that many people, myself included, are ready to move up after only a year. Some buy a courtyard and then decide they want a designer home. I bought an interior lot and now want a golf view home.

[Waverunner]

Current new home sales have a restriction in the sales contract. The new home cannot be sold in less than one year or any profit goes back to the seller.

[R&J in NJ]

Hi Waverunner,
I have seen homes for sales that were purchased just one year ago. Purchasing a home is a big expense and selling it only a year later makes me wonder.

[gerryann]

Many reasons that people sell fast.....poor construction is DEFFINETELY not one of them. I would guess neighbors might be #1 reason. Sometimes you get in the home and realize it's too small, too big, etc. Once you live here and get your bearings and learn about other areas, another area might seem favorable.

[angiefox10]

In our hood... One moved for a three car garage, another is moving in with her boyfriend, another wanted a corner lot, one moved out to live by the water in Tampa, yet another to live close to the grandchild, one had an ill spouse and yet another wanted a bigger home.


Homes in The Villages are going up in value ... no money lost. Most of them use The Village Movers who do A nice job and make a tidy little profit in the process. Not many leave The Villages.

This is the short list of why some of the people in our neighborhood of two years have moved. Since most of them are moving to other homes in The Villages... I don't think poor construction is the reason.

Most villages move three times in The Villages.

[R&J in NJ]

Thanks to all who have replied. Your responses make sense and we very glad to hear that no construction issues are the root cause. If most people stay in TV, that is the best reason of all to sell and move into another, more suitable, property. And we are glad to hear that the home retain their value and more when sold.
Again, thank you!

[Bruiser1]

Sales are brisk here. Last year in August 700 homes were sold. September it dipped to only 500 plus. Compare that vs other areas of the country.

I purchased a patio home 10 yrs ago while still working in the Northern part of the country. I looked it as a business opportunity . ( The baby boomers are coming and where will they live?)

When I took early retirement we moved to our villa.

Then we found and incredible house and decided to move. We sold the villa in 3 days.
I live in a great neighborhood with wonderful neighbors.

Seasonal guest in this community used to come after Christmas and depart on April 1st.
More and more people are enjoying the lifestyle and extending their stay.

[Bogie Shooter]

Come and see The Villages in person!

[Bizdoc]

I know of one near my home which sold after wife died.

Keep in mind the demographics of this place. Since "everyone" is over 55, the odds of death, serious illness requiring assisted living/nursing home, etc is *much* greater than general population.

[Shimpy]

Based on my street which has had several homes sales it was because they were upsizing and moving south of 466A. These homes were 3 to 4 years old.
There are also reasons such as the owners find they were spending most of their time in another part of The Villlages and decieded to move there.
Find an area you want and don't be afraid of the quality of the home and neighborhood.

[Barefoot]

.... We wonder why so many newer homes are put back on the market so soon after purchase. R&J

I've wondered the very same thing .. why homes in very new Villages are put up for resale so quickly.
And it actually seems to happen quite often.
Some even have expensive improvements like pools and summer kitchens.

I've always assumed it happens for a combination of reasons:
medical issues, missing the family up north, wanting a different location within The Villages.
Or perhaps, people just picking the wrong retirement community for their needs.

[justjim]

As other posts have said, resales are put up for sale after one, two or three years for many different reasons. Poor construction is not one of them.

There is a "saying" that Villagers will buy and sell three times during their time in TV. Some start with a smaller home, Villa or cottage home, more to a designer or premier and then later downsize. Sometimes it goes the other way.

Prices have increased especially homes with a water or golf course view. Some sell and return back "home" when a spouse dies and some have sold and taken the profit and are renting. Lots of various reasons for resales to be sold after a couple years.

[ugotme]

I am one of those people.

Came down here looking for a specific home with privacy. Found a great neighborhood (Hillsborough) but not the exact house.

Bought the home and after living in it for several months Mrs. Ugotme and I just knew we wanted our original home.

Long story short - bought that home, moved and in-process of selling the original house.

Timeline: Bought July, 2013. Moved in Nov., 2013. Bought new home March, 2014.

Happy wife - happy life !!!!

[jojo]

For almost every home in our neighborhood that has sold recently, the residents have bought elsewhere in The Villages. Reasons include loss of spouse, a new marriage (he met her in the neighborhood and they bought another new home together), upsizing, and downsizing. Most of those who lost a spouse moved into villas. A friend recently moved from the north side to our area because they participated almost daily in activities at Colony and Seabreeze.

[phil9200]

Having lived in The Villages for over 10 years and sold homes in The Villages I will give you my opinions of why people sell their homes.
1. They miss their children and grandchildren
2. Death of a spouse
3. Want a larger or smaller home
4. For a quick profit

[justjim]

Having lived in The Villages for over 10 years and sold homes in The Villages I will give you my opinions of why people sell their homes.
1. They miss their children and grandchildren
2. Death of a spouse
3. Want a larger or smaller home
4. For a quick profit

Phil: :thumbup: I think you summarize why residents in TV sell their homes.

[2BNTV]

Hello all,
My spouse and I are seriously considering TV as our retirement destination. We have kept an eye out for resales as well as new homes. We wonder why so many newer homes are put back on the market so soon after purchase. We can only assume the obvious (death of a spouse, etc.) Can anyone shed some light on this? Poor construction, bad neighbors, etc? Thanks in advance.
R&J

A variety of reason's as stated in previous posts. Most villages have moved three times form their first puchased home.

It would be prudent to come for several visits, to live in different area's, so you get the feel of what each village, has to offer.

Everyone will tell you their village is the best!!!!

[Bonanza]

Thanks to all who have replied. Your responses make sense and we very glad to hear that no construction issues are the root cause. If most people stay in TV, that is the best reason of all to sell and move into another, more suitable, property. And we are glad to hear that the home retain their value and more when sold.
Again, thank you!

Construction of our homes here in the Villages would be considered average, but with no real problems that I am aware of.

The one thing that has caused problems is the drainage. In most of the lot preparation, the actual part of the lot where the footprint would be, is not graded high enough to create proper run off of water to the swails. Couple that with a fair amount of clay in the subsoil and you have water that sits for a a fair amount of time. In many areas the builders have had to put in French drains to cure the problem, but in some cases, even that hasn't worked.

[perrjojo]

Hi Waverunner,
I have seen homes for sales that were purchased just one year ago. Purchasing a home is a big expense and selling it only a year later makes me wonder.
Our villas are 2 years old...there are 314 homes. In the past 2 years about 20 homes have been resold. Death, poor health, wanted waterfront, wanted a 2 car garage, wanted to move back near family. We have one street that is waterfront. 3 have moved from interior lots within our neighborhood to waterfront. One couple has moved twice in the 2 years...all within our neighborhood. The first move netted them about 70,000 and this last that was on the waterfront netted them 100,000. The prices in Mission Hills have sky rocketed in the past 2 years.
Oh, I forgot to mention they have moved 8 times in 10 years ..all here in TV. I guess that is how they make a living... Buy a basic house, put in a few upgrades and the rest is history.

[FredJacobs]

The housing market here is very brisk. I periodically step into the Sales Office to see the number of closings. They seem to average between 40 and 50 closings every 2 days. With that kind of sales market you can see why values (prices) keep going up. I have also heard (unconfirmed rumor) that realtors are buying properties and flipping them for 10-15% profit a year later.

[DianeM]

People sell and move because of one very good reason - they can. It's called free will and we can all do as we please to satisify ourselves.