Best Time To Buy ??

[Spectreron]

When is the best time to buy. Here in the frozen north you can get a better deal in the winter. Is there a time in TV when prices ease and deals are easier to come by?

[skip0358]

If your looking for new the good time is when they're trying to close out existing stock. If you look on the list of new homes completed there are some pretty good deals. With the amount of new homes being built I'd say that's the way to go. New home prices also affect used homes prices. However take into account that with used homes you'll have some extras; shrubs, palms, painted drives and lanais, solar tubes etc. Not to mention a lesser or no bond at all. If you planning on selling your current home don't loose uncle sams gift either. Just my opinion!

[champion6]

For what it's worth, a few days ago we received this from our sales rep:
Hope all is well. Over the past couple years you have noticed discounts applied (currently 3%) to newly released homes and homes built to customer order. It was announced today that effective January 1, 2010 NO discounts will be applied to newly released spec/inventory homes or homes built to order. Pricing will be reflective to market, home style, location as well as fluctuating material/supply costs, but no discounts will be applied additionally.
.....We won't be buying until about 2012, so we aren't going to ask him for any further explanation. We're not sure if prices will go up or if listed prices will be lowered but never obviously "discounted."

Oops... I see this is already covered in another thread.

[F16 1UB]

Sales rep told us last night that effective Jan 1 there will be no more discounted or incentives offered on new homes. Reason given the material costs have increased. Don't shoot the messenger.

Merry Christmas

[TomW]

You've got several things going on at once in TV regarding home prices. The general economy is improving slightly and inflation (cost of materials) is creeping back into the picture. More boomers are retiring every day and some percentage of those are considering a FL retirement. To wit: there are 1,000 life style people checking into TV on Jan 2nd. The older homes that contain older technology and styles are declining in price at a faster rate than newer homes at resale. Resales don't compete well with the new homes from the developer. Last, the mortgage interest rate looks like it will creep up just a little bit in the near future.

[DougR]

You've got several things going on at once in TV regarding home prices. The general economy is improving slightly and inflation (cost of materials) is creeping back into the picture. More boomers are retiring every day and some percentage of those are considering a FL retirement. To wit: there are 1,000 life style people checking into TV on Jan 2nd. The older homes that contain older technology and styles are declining in price at a faster rate than newer homes at resale. Resales don't compete well with the new homes from the developer. Last, the mortgage interest rate looks like it will creep up just a little bit in the near future.

I am about 8-10 years from permanantly moving to TV. It seems that buying a property here now for investment purposes (rental) and appreciation over the 8 years might not be wise. You may be correct in that todays technology and home style might decline in value compared with what will be the trend 8 years from now.