Why Are New Homes Resold So Fast?

[Lottoguy]

When I look in the paper at the homes for sale it's surprising to see so many one year old homes being resold south of the Florida Turnpike. What is going through these recent buyers heads? Your barely settled in and your selling your home already. What gives?

[Stu from NYC]

Downsizing does not always work out

[charlieo1126@gmail.com]

/////

[JMintzer]

My wife played golf with a woman who was selling her 15 month old home in Marsh Bend. She bought a beautiful golf course lot and then was surprised to find out that people get up REALLY early to mow the course and play golf...

I've heard others have done the same...

[OrangeBlossomBaby]

Happens with every new build area. It's mostly investors. They buy land, have a house built on it, then sell it for a profit.

[Calisport]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

[tophcfa]

My wife played golf with a woman who was selling her 15 month old home in Marsh Bend. She bought a beautiful golf course lot and then was surprised to find out that people get up REALLY early to mow the course and play golf...

I've heard others have done the same...

Rather wake up listening to the golf course being mowed than listening to a wrecking ball tear down the clubhouse.

[Papa_lecki]

I don’t think it’s because they don’t like living IN the Villages, it is because one needs to make a decision on a lot in a matter of minutes and can’t consider all the issues i.e. lawnmowers at 5am; traffic patterns; etc.

[Altavia]

Most sell the same day with multiple back up buyers at significant profit for the seller.

[CoachKandSportsguy]

Next to us, the resales included divorce, pay legal bills / legal settlement, death of spouse and with the price up 20% or more, they sold for the gain. Other potential is that they were not retired, and then lost their income to support the mortgage payment. . . There are abandoned houses here where the owners lost jobs and they just stopped paying mortgage and lost their downpayment. . .

Don't assume that everyone views a home in the villages the way that you view your own home. There are many people who will take the money, and build another one or rent for awhile while making another location decision.

I offered the 18 mo old house for sale at 100% over purchase price, no takers. . .

So financial example, round numbers:
Purchase house, $350K at begining of pandemic, mortgage payment $2,000
Sell house for $500K during pandemic, monthly rental payment $1,600 - 2,000 smaller to same size house.

Profit with sale by owner, excluding realtor fees, $150K increase to financial assets.
Monthly rental payment savings 400 - 0, depending upon rental selection. .

$150K = 6+ years of rental payments
or build a new house and include a pool or an additional 500sq ft of living space in a build upgrade.

The financial people aren't looking at the house strictly as a forever house, which you may be. There are many, many other viewpoints of why a house may get resold.

[Bogie Shooter]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

Not new rule…..been here a long time.

[MrFlorida]

They find out how noisy the turnpike is, and how far away from the squares they are.

[Djean1981]

Some are unable to sufficiently downsize and need to move so they have space for their overabundance of furnishings, 4 cars, etc.

[Djean1981]

We live in the South and Brownwood doesn't seem that far away. Also, Sawgrass will be open soon. I believe some see that their newer, but gently used, home will sell for more than a new home (only bc of supply and demand). So, essentially, a free upgrade...?

[VApeople]

I think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.

[Topspinmo]

Not new rule…..been here a long time.

Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?

[retiredguy123]

Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?
The rule is not new. It has always been one year and it doesn't matter whether or not you paid cash. But, you can add the full cost of upgrades and the real estate commission to the sales price before you calculate the "profit". So, if you paid $300K, and added $50K in upgrades after the sale, you can sell the house for $350K plus the real estate commission. If you sell for more, the difference goes to the developer. This is a contractual agreement that you must agree to with the developer at the closing on a new house.

[asianthree]

I think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.

So you think anyone who buys a home and sell in a year is STUPID. What a harsh thought, telling someone they are just to stupid to exist.

We know 4 couples that are selling just over a year of buying. One needed a bigger home due to parent moving in, one moving back north to take care of their daughter in hospice, and their grandchildren.

Last two spouse died, you should let them know how STUPID they were for marrying the love of their life, and then they died, and put their home up for sale.

[CFrance]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.
That's not a new rule. It was in place in 2011 when we bought our house. It's to keep investors out. That might not be working nowadays with how fast the prices are going up. But it's still the rule.

[asianthree]

Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?

In 07 we paid cash for vaca home in TV, the rule you could sell before a year, but any profit ABOVE normal closing, and certain about of upgrades, went back to the developers. Houses were selling in 07, just like today, no inventory, multiple people on the list to buy same home.

Only new item now is new homes can’t be used for investment, it’s now in the closing paperwork.

[Rwirish]

Buy too quickly, buy on emotion, tired of living close to the turnpike …

[Worldseries27]

i think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.
perfect example of counting to 3 b4 hitting send

[eeroger]

Location, location, location!!! New home buyers find out HOW FAR they are from everything. No infrastructure to speak - grocery store, hardware store, restaurants, etc. Plus the travel time, if you are a golfer or bowler.

[Life as I know it]

People don’t do their homework, simply put they concentrate on the inside of the house instead of what is happening around them. The new homes are so close to each other, have shorter driveways and the streets are not wide enough to park a car on both sides. Why would you want to live next to the Florida turnpike which is currently expanding into a six lane highway?
People love the idea ‘new’ but it comes with a price. Having moved four times we settled into a established area. Put in updates, worth it for being close to Sumter Landing, oversized lot, established landscaping, shopping and so, so important peace, quiet and privacy.

[HeleneGB]

Turnpike noise

[midiwiz]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

yet another item that wouldn't stand up in court. If someone wants to take the capital gains hit for selling under the IRS 2 year limit then so be it. Someone will take it to court eventually and flush out the items that are just floated by the owners here just because they don't know enough.

Yet no one has mentioned craftmanship, abnormally short driveways, being very remote from everything (brownwood, LSL, etc), the prison, etc......

[txfan]

Here is the “rule:” Any profit on the sale of a new home within one year of the closing date is split with the developer.

There are many “flippers” who build/buy specifically for that purpose. Villages agents do this all the time in highly desirable locations.

So far in our newer location, at least three have sold with a closing date in the future to match their previous year’s closing date, making huge profits to fold into another home in the next new location.

One we know of is on their sixth “flip.”

[chenault55]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

We had the one year rule when we built our house 12 years ago too but like so many rules I don’t know if they enforce them.

[jimkerr]

When I look in the paper at the homes for sale it's surprising to see so many one year old homes being resold south of the Florida Turnpike. What is going through these recent buyers heads? Your barely settled in and your selling your home already. What gives?

You must be new here. The average Villager ends up having 3 different homes! Also I suspect many bought sight unseen (very bad idea) and didn’t like the turnpike noise or perhaps the power lines in their back yard.

[G.R.I.T.S.]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

Not a “new” rule. It was in force in 2005 when we bought.

[Marathon Man]

Property values in the southern area have skyrocketed. Homes are being sold because they are selling.

[skippy05]

Exactly. Noise of Turnpike and no easy Golf access to real shopping and resturants. South side of Villages remains a bit of a scam.

[merrymini]

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

[Lindaws]

Profit!!!

[lmack]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

Not so new rule,
we bought in 2010 and contract contained a clause to forfeit profit if sold within one year.

[retiredguy123]

Here is the “rule:” Any profit on the sale of a new home within one year of the closing date is split with the developer.

There are many “flippers” who build/buy specifically for that purpose. Villages agents do this all the time in highly desirable locations.

So far in our newer location, at least three have sold with a closing date in the future to match their previous year’s closing date, making huge profits to fold into another home in the next new location.

One we know of is on their sixth “flip.”
Has the rule changed since 2016? My closing documents state that, if the house is sold within a year after the closing, the buyer must forfeit "any and all profits" from the sale and be paid to the developer. The profit is not split with the developer.

[Cranford61]

I think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.
Could it be the proximity to the prison. The quarry blasting? The skeeters? The turnpike? The feral hogs? The Zeka death. The 45 min drive to The Sharon or the Savannah? Neck pains from navigating so many roundabouts? Perpetual construction noise and dust? The small lot sizes? Butt and back pains from using a golf cart to Brownwood. The chiropractic bills from the fore mentioned? Who knows.

[NoMo50]

Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?

Simple...it is laid out in the contract you signed.

[Gunny2403]

Exactly. I don’t live on the driveway or park in the street.

[JMintzer]

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

Yup. People didn't like the "kissing lanais", so they moved the housed forward on the lot, giving them a bigger back yard...

Personally, I would look for a lot that had both room in the front and back, but that's my preference...

[NoMo50]

As long as you get past the one year stipulation prior to selling, any gains from a sale are yours. But, something else to keep in mind is Uncle Sam standing there at closing with his hand out. One must own the home for two years, as a primary residence, or pay tax on the capital gains. Another point some fail to consider is that those gains could possibly put your annual income into a bracket where your Medicare Part B premiums are increased...sometimes substantially.

[Bay Kid]

They learned about golf, shopping, etc. up north. The Villages pushes their new homes, understandably. Always remember to look before buying. Location, location, location.

[BlueStarAirlines]

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

You nailed it!

[Djean1981]

A lot of homes in the south were sold about a year ago (just b-a-r-e-l-y), so they aren't breaking any agreements. We bought our south home last March and there were already some sold areas..

[Djean1981]

We are in the Hawkins and don't hear the turnpike..

[paulajr]

This “rule” has been in play for at least 10+ Years…

[paulajr]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

This “rule” has been around as long as I can recall….not new.

[Bogie Shooter]

We are near Lake Sumter Landing.....and do not hear the planes at OIA.

[CoachKandSportsguy]

And the comment from rogue real estate agent trial, some large percentage of new houses were bought by existing home owners north of 44, so resales to some large percentage of the same population who were slow on the decision. . or came from Missouri

given the small number of existing homes with pools, land available for pool addons is very attractive, there is seldom a single issue, and with every decision being unique to the individuals, with the many reasons in prior posts. . . just don't get sucked into your own little mind game of housing jealousy.

[Topspinmo]

The rule is not new. It has always been one year and it doesn't matter whether or not you paid cash. But, you can add the full cost of upgrades and the real estate commission to the sales price before you calculate the "profit". So, if you paid $300K, and added $50K in upgrades after the sale, you can sell the house for $350K plus the real estate commission. If you sell for more, the difference goes to the developer. This is a contractual agreement that you must agree to with the developer at the closing on a new house.
Why I would NEVER buy new house in villages.

[Djean1981]

We live in the Hawkins and don't hear the turnpike at all.

My take on it is that some sell just at a year just bc of the market - the huge PROFIT! That has even fleetingly crossed my mind, but I love our house and don't want hassle of selling/buying, re-doing initial upgrades, etc..

Also, some can't downsize like they thought they could, so they need a larger home - mainly a lot more garage space for their 3-4 cars, golf cart(s), and extra furnishings..

[dalejiw25]

Not true. I’m in Monarch Grove, 1/2 hr from Brownwood, 1 hr from Lake Sumter and 1hr 20 minutes from Spanish springs. Nice easy golf cart rides. Also a new square going in south of 44 and sawgrass is opening soon. Life is as good as you want it to be wherever life’s journey takes you. Good day.

[Ptmckiou]

Location, location, location!!! New home buyers find out HOW FAR they are from everything. No infrastructure to speak - grocery store, hardware store, restaurants, etc. Plus the travel time, if you are a golfer or bowler.

I live in Hawkins, south of 44 in the new areas. Publix is literally 5 minutes from my house in Magnolia Plaza, hardware store is 15 minutes (Sparrs), restaurants anywhere from 5 minutes to 20 minutes at Brownwood. However, Sawgrass is opening in March and several restaurants there which is 7 minutes. Then in 3-4 years the Eastport square will open, and that will be the largest of the TV squares and it’s 10 minutes away. This area will fast become the center of TV within the next ten years at the growth rate and present plans.

[Djean1981]

Exactly! There is plenty going in in the South and more coming soon. Love it here!

[NotGolfer]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

It's not a new rule....it was here 12 yrs ago when we moved here. People buy as an investment and re-sell to make a profit.

[cvrmedical@gmail.com]

The rule is not new. It has always been one year and it doesn't matter whether or not you paid cash. But, you can add the full cost of upgrades and the real estate commission to the sales price before you calculate the "profit". So, if you paid $300K, and added $50K in upgrades after the sale, you can sell the house for $350K plus the real estate commission. If you sell for more, the difference goes to the developer. This is a contractual agreement that you must agree to with the developer at the closing on a new house.

So if I sold that house in 3 years, is it still the same if there is a profit? Thanks in advance

[retiredguy123]

So if I sold that house in 3 years, is it still the same if there is a profit? Thanks in advance
No. The rule only applies if you sell the house within one year after closing.

[ANT33]

My neighbor moved saying it was too cold here and moved back to Miami. 🤷🏻*♀️

[Teena Q]

How can they enforce that?

[Altavia]

I live in Hawkins, south of 44 in the new areas. Publix is literally 5 minutes from my house in Magnolia Plaza, hardware store is 15 minutes (Sparrs), restaurants anywhere from 5 minutes to 20 minutes at Brownwood. However, Sawgrass is opening in March and several restaurants there which is 7 minutes. Then in 3-4 years the Eastport square will open, and that will be the largest of the TV squares and it’s 10 minutes away. This area will fast become the center of TV within the next ten years at the growth rate and present plans.

Also 15 min to Leesburg, 20 to Clairmomt/Ocala, 45 to Orlando/Tampa, less than an hour to Disney from the south.

My first place was north, neighbors were not very active and less than welcoming compared to the southern areas.

[retiredguy123]

How can they enforce that?
It's a contract that you sign. You get a new house, and the developer gets to maintain a stable price market to attract new buyers who want to live here, not just flip a house to make a few dollars. Seems enforceable to me. Basic contract law.

[manaboutown]

My neighbor moved saying it was too cold here and moved back to Miami. 🤷🏻*♀️

A friend of mine who has lived in Miami all her life visited me here twice. Of course it is much colder here in the winter but she tells me it is hotter here in the summer as Miami gets breezes off the ocean.

[Love2Swim]

Not true. I’m in Monarch Grove, 1/2 hr from Brownwood, 1 hr from Lake Sumter and 1hr 20 minutes from Spanish springs. Nice easy golf cart rides. Also a new square going in south of 44 and sawgrass is opening soon. Life is as good as you want it to be wherever life’s journey takes you. Good day.

Hmm...I'm 10 minutes from Lake Sumter, 18 minutes from Spanish Springs, and about 30 minutes by golf cart from Brownwood. You couldn't pay me to live over by the Turnpike, plus the noise! thanks but no thanks.

[Tom359]

I live in the "new" section. Two main reasons....can't sell for a profit until after 1 year, and our houses have appreciated an insane amount since we bought. Two homes on my street have sold for almost 75% over purchase price. Once they announced all of the amenities coming down here that will be a less than 10 minute cart ride for us, the prices sky rocketed. When we bought in 2019, we were told by many people of the mistake we made and that we "weren't really part of the villages". I've had my house for exactly two years, and based on the resales in my neighborhood, I could sell for almost double what we bought for. The problem? Can't buy a new house with the same kind of lot for anywhere near what we bought for. Good thing we love our location!

[asianthree]

yet another item that wouldn't stand up in court. If someone wants to take the capital gains hit for selling under the IRS 2 year limit then so be it. Someone will take it to court eventually and flush out the items that are just floated by the owners here just because they don't know enough.

Yet no one has mentioned craftmanship, abnormally short driveways, being very remote from everything (brownwood, LSL, etc), the prison, etc......

Soon as you can find an attorney that will take the developers to court please post their name. They are very few, and definitely far between

[EdFNJ]

How can they enforce that? (1 yr "rule") Because you signed a contract. It's not just a rule posted on a wall, it's part of a legal contract. Just like the deed restrictions. Someone can surely fight it if they wish, that's why lawyers were invented, but it might be cheaper to either take the hit or wait the year depending on the need for speed. :)

[RMarkland]

I think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.
Stupid location stupid people? Those whom do not check into the location issues, golf course noises, turnpike traffic, distance from services like groceries, restaurants, Brownwood, Sumter Landing, Spanish Springs etc. are bound to have problems. We have our designer Iris for sale, today we had a showing, they were undecided as to whether a free standing home or a villa. Our home is about twice the cost of a villa. What are people thinking? Was talking to a golf starter who moved to St. Catherine, she had to leave at 20 minutes to six in the morning to get at her job on Inverness by golf cart.

[Marathon Man]

Hmm...I'm 10 minutes from Lake Sumter, 18 minutes from Spanish Springs, and about 30 minutes by golf cart from Brownwood. You couldn't pay me to live over by the Turnpike, plus the noise! thanks but no thanks.

The things that you list do not interest me. I love living south of the turnpike. You could not pay me to move back up to the Sumter Landing area.

[Pairadocs]

Interesting someone asked this, just chatted with a couple yesterday. I went "down" to the Brownwood Hotel/Spa to go to the fantastic independent coffee shop they have there (called the Standard). They were staying at the hotel waiting to get into a house they recently purchased. So, making an assumption, I said, "how are you liking Florida so far, or have you been coming for many years to vacation ?"." Oh, no", they said, "lived in Florida for over 35 years total, then settled in the Villages about 15 years ago when we retired from the military. Over a year ago took the Trolley tour Finney, had never even bothered to go that far. Decided we wanted to move, get away from all the traffic, big stores, all that. For us, it was a big mistake. Really missed our former village and home. We found the same model we'd lived in many years only with a pool and only one block from our old home. We are here at the hotel until the closing Jan. 3. So, I have a feeling that many have done the same thing, moved to the newest area and became disenchanted for a variety of reasons.

[Djean1981]

I love the nature trails.

[OrangeBlossomBaby]

Because you signed a contract. It's not just a rule posted on a wall, it's part of a legal contract. Just like the deed restrictions. Someone can surely fight it if they wish, that's why lawyers were invented, but it might be cheaper to either take the hit or wait the year depending on the need for speed. :)

The deed restrictions say you can't be a "resident" of the Villages if you're under 19 years old.

And yet...

[coffeebean]

Hmm...I'm 10 minutes from Lake Sumter, 18 minutes from Spanish Springs, and about 30 minutes by golf cart from Brownwood. You couldn't pay me to live over by the Turnpike, plus the noise! thanks but no thanks.

What he/she said!

[EdFNJ]

The deed restrictions say you can't be a "resident" of the Villages if you're under 19 years old.

And yet... YUP. They say lot's of things that get ignored (or need to be narc'd to be reported and looked at) but when it comes to MAJOR things with big pricetags that involve property sales they would pay that a bit more attention since lawyers are involved I guess. We tried to but couldn't buy a resale 3 month old 2/2 stick built down over on or near Silver Lake off of Shay (?) over in the Historic side back in 2017 that a woman wanted to sell after 3 months of ownership and she jacked up the price so much with what seemed to us at the time a load of BS but it turned out to be technically correct although she piled on a bit

[VApeople]

I love the nature trails.

So do we!!

We live in Osceola Hills and we often drive down to the Southern Area to enjoy your beautiful nature trails. We like Hogeye very much, especially since they put of the strong barricades to keep the golf carts off the walking/biking trails. Now we seem to enjoy the new trail in Hawkins more because it is elevated and has a better view of the marsh.

[RobertScott]

The statement that the noise from the turnpike is so intense to residents of Citrus grove is an oft repeated fiction, like the Villages being an out of control swinger party.

I love it down here, the paths situation seems way better than up north.

[JMintzer]

The statement that the noise from the turnpike is so intense to residents of Citrus grove is an oft repeated fiction, like the Villages being an out of control swinger party.

I love it down here, the paths situation seems way better than up north.

Wait, it's not??? What the hell...:(:icon_wink::1rotfl:

[frose]

they are finding out all the crap the real estate people "forgot" to tell them when they were talking about the lifestyle..

[Vermilion Villager]

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.

[Bogie Shooter]

they are finding out all the crap the real estate people "forgot" to tell them when they were talking about the lifestyle..

Your posts are more and more sad.

[Bogie Shooter]

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.

It was the same way in 2005 when we bought or home.

[rde3036]

My neighbor moved saying it was too cold here and moved back to Miami. 🤷🏻*♀️

What a puppy!!

[Holpat39]

Just be patient. Everything will come to your doorstep in time. We moved to The Villages in 2004 when 466 was a 2 lane road with cow pastures and farms on both sides. Here we are now with every imaginable store within 15 minutes drive. Just be patient it will come to you who live in the far south end.

[Dotneko]

We have built in St Cats and love it. Been to Spanish Springs twice in golf cart - takes 1 hour and 5 minutes. Once Kilwins opens down here we wont ever need to go there again.
Lake Sumter Landing is 45 minutes by cart. Its only draw is Thai Ruby.
Brownwood is 30 minutes by cart. It has all we need in terms of restaurants and square activities.
Once Sawgrass opens, we will stay more local - it is a 10 minute walk for us or 2 minutes by golf cart. Publix in Lake Deaton is 20 minutes by cart.
Our home is worth 30% more now than what we paid for it 8 months ago. We cant hear anything from the turnpike. The prison is very far away. The only drawback to living here is the construction. St Cats is almost all done - i think there are only 3 lots left awaiting build start.
You all are welcome to north of 44. I'll keep our fabulous walking and biking trails.
To each their own.

[Cyndee@twc.com]

House will be sold before you can even look around neighborhood

[RobertScott]

The paths behind Saint Catherine's and beyond, that have retention ponds on one side, and conservation land on the other, are gorgeous.

The turnpike is a straight run in this area, so no trucks downshifting, just tire noise, distant, and easily tuned out.

[Laker14]

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.

Boy oh boy, ain't that the truth! Certainly seems to work out that way for me.

[Laker14]

they are finding out all the crap the real estate people "forgot" to tell them when they were talking about the lifestyle..

Your posts are more and more sad.

and bitter.

[Marathon Man]

they are finding out all the crap the real estate people "forgot" to tell them when they were talking about the lifestyle..

How incredibly sad to live like this. Bitter. Angry. Only an internet forum as a friend.

[rustyp]

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.


BEANIE BABIES ! Should have sold at the peak.

[ThirdOfFive]

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.
"Frenzy" is a good word in this case. I was talking to a guy who provides private shuttle service, and he said that in July of this year, houses in The Villages were selling at the rate of 50 per DAY. That was just through The Villages agents; there are outside agents who sell homes in The Villages as well.

I don't know. It sounds like an exaggeration. But he's lived here for 14 years and knows a lot of people, so it could be true.

[Lottoguy]

I believe when Sawgrass opens there will be a major parking problem at that site. Latest drone videos shows this. Much like the Fenney Putt & Play had no parking for cars and only golf carts.

[Laker14]

I wonder if the number of resales is all that many, as a percentage of homes sold. I can think of several reasons, and not all of them are a reflection on the area's desirability.
It isn't hard to imagine that some people may find, after a year, that TV in general is not "for them". I know more than a few folks who moved to Florida, or away from "home" in the Northeast to find they didn't want to stay. Could be weather, or grandchildren, medical care, or whatever, they just opted to go back north.
Some folks may have decided they like TV just fine, but wish they'd bought in another area.
Whatever the reason, if there were any misgivings about the decision to buy where they bought, might as well take advantage of the resale value and get out while the getting is good. For all those sellers, there seem to be more than enough buyers.

[sail33or]

There are many, many flippers in The Villages including Real Estate Agents. They buy new houses, add a couple things, flip it after one year. I know several that do this and they make hundreds of thousands.

And this drives the cost higher and higher. As long as the Boomers keep buying, the flippers will flip.

[M2inOR]

BEANIE BABIES ! Should have sold at the peak.

And Pokemon cards! We donated son's cards to Goodwill, so perhaps someone got a great deal.

PS I sometimes read complete threads from beginning to end. I've learned a lot doing that. In this one, I've learned that financial acumen is somewhat rare. Several of my neighbors have done very well buying, renting, then reselling here in the Villages. They own several homes simultaneously. One they live in, and a few nearby they can rent to snowbirds and take care of. Of course, they have to have the capital and financial resources to do this. The last two years have been very good south of 44.

PPS Wife and I live in Marsh Bend, and we are happy with our home; we compromised. We have great neighbors, and are minutes away from the primary activities we engage in. If we were to move, we'd have to find a similar neighborhood, and start all over making new friends. We're sticking with the stock market to park our money. Much too late in life to start real estate investments.

PPPS We initially thought we'd buy and live somewhere between 466 and 466A. We are quite happy that we found Marsh Bend, south of 44. The price of resales has skyrocketed in the last year.

[patfla06]

The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

Not a new rule. This was in place when we bought in 2013.

[patfla06]

My neighbor moved saying it was too cold here and moved back to Miami. ������������*♀️

I believe it! Our Son moved to Miami from NYC. He is warmer in the Winter and cooler in the Summer.
However, the traffic is a nightmare in Miami. Everything has tradeoffs.

[Laker14]

There are many, many flippers in The Villages including Real Estate Agents. They buy new houses, add a couple things, flip it after one year. I know several that do this and they make hundreds of thousands.

And this drives the cost higher and higher. As long as the Boomers keep buying, the flippers will flip.

The flippers are riding the wave, not creating the wave.

[Pairadocs]

Downsizing does not always work out

Spot on ! And, have also encountered folks who found exactly the opposite too.... UP sizing to a pool home was not all they thought it would be...LOL... so I guess it works both ways.

[Pairadocs]

A friend of mine who has lived in Miami all her life visited me here twice. Of course it is much colder here in the winter but she tells me it is hotter here in the summer as Miami gets breezes off the ocean.

That is definitely true ! Of most coastal areas including Miami.

[manaboutown]

The flippers are riding the wave, not creating the wave.

You nailed it! They are surfing the housing market. Catch a Wave - Beach Boys - YouTube (https://www.youtube.com/watch?v=yLgWbH-qhVo)

[Pairadocs]

Could it be the proximity to the prison. The quarry blasting? The skeeters? The turnpike? The feral hogs? The Zeka death. The 45 min drive to The Sharon or the Savannah? Neck pains from navigating so many roundabouts? Perpetual construction noise and dust? The small lot sizes? Butt and back pains from using a golf cart to Brownwood. The chiropractic bills from the fore mentioned? Who knows.

And we've had way too many friends who came to visit us, were blinded by the dazzling sights, and despite our GENTLE cautions (who wants to get dictatorial to their friends !) to "take it easy", "do a LOT of investigating", come down and "rent for a season", several just jumped (one the very week they were here to visit us) and as they say.... buyer's regrets; wrong area, lots of noise, lots of lights, train whistles all night, loud explosive "booms" and the list goes on, and on, and on..... take your TIME people, also a LOT of other communities in this area of Florida to explore, something for everyone... but let's face it, The Villages, with the music on the squares every night and the golf cart access to nearly anything, people see "one big party", like they are at a resort for a week, and unfortunately lose a grip on the common sense they (probably) applied to every previous real estate transaction they've made in their lives... and then they make mistakes ! Others get lucky, and their impulsive buying turns out to be their perfect home location, be it near, or FAR, from what they hoped. But, in the end, doing a LOT of "homework" is the best plan for most folks ! Until we moved here, it never occurred to me that people who have never played golf in their lives, and have no idea of the game, would ever choose to live right on a course. In our previous life, it seems the non golfers always chose the lots on the OTHER side from the golf course, and we golfers built right on the course....knowing what we were in for. Here, I often hear people complaining about how often their home is hit by golf balls, and how they always wonder when one will come right through the window one day ... guess a lot of people have no idea that living at the edge of a fairway does open one to erratic shots/balls ?

[Lottoguy]

Buying on a golf course and then complaining about balls hitting your house is like living next to an airport and then complaining about the noise level. People who buy sight unseen on the internet or via a Facetime are completely nuts to me.

[Orvil]

Purchased and lived on a golf course once. I won't make that mistake again.

It may have something to do with which hole your home is on. Don't buy on the first hole and don't buy on the last. That's where people congregate.

If you are on the first hole, you are awoken early in the morning by the start of play. But, they do finish earlier and you can enjoy the late afternoon, early evening in peace. If you are on the last hole, they continue to play after dark. It seems as if they will never leave.

Our home was on the 18th tee. Our most irritating problem was male golfer's deciding to use our yard as a bathroom. They would have been drinking and couldn't make it to the clubhouse. It didn't seem to matter if anyone was in the yard, either. They'd just unzip and let it rip.

Bottom line, I won't do a golf course lot again.

[Stu from NYC]

Spot on ! And, have also encountered folks who found exactly the opposite too.... UP sizing to a pool home was not all they thought it would be...LOL... so I guess it works both ways.

We are happy here but in hindsight wish we would have waited a bit to buy and found ourselves a 4 bedroom.

[Lottoguy]

They also have the lawn mowers going early in the morning before they start teeing off. I bet you learn lots of good swear words too. I prefer my house on a cul-de-sac.

[JMintzer]

They also have the lawn mowers going early in the morning before they start teeing off. I bet you learn lots of good swear words too. I prefer my house on a cul-de-sac.

You know why they call it "Golf"?

It's because all of the other 4-letter words were taken... :icon_wink:

[jbrumberger]

When I look in the paper at the homes for sale it's surprising to see so many one year old homes being resold south of the Florida Turnpike. What is going through these recent buyers heads? Your barely settled in and your selling your home already. What gives?

Change is constant and you never know what life will bring.