Rate of Appreciation for Homes in The Villages

[Schaumburger]

I attended an open house yesterday conducted by a non-villages (MLS) real estate agent who formerly worked for The Villages. His prediction is that the prices of homes in The Villages will rise by 30-35% in the next three years as build out approaches. If this agent is right, that is very good news for all of you who currently own homes in The Villages. For us wannabees, it may soon be time to "fish or cut bait" otherwise some wannabees may be priced out of the market. I don't know how knowledgeable this agent is, but it is something to ponder.

[gamby]

The stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It�s very likely that specific research points toward a massive market correction, as much as 90%. and cause real estate values to collapse.

[Uptown Girl]

Schaum,
Try not to let the notion of 'fish or cut bait' affect you. If you want a never before lived in home, then yes, eventually they will be all sold, but there will always be re-sales and there will always be reasonable prices found.
In re-sales, there WILL be those who want to hold out for the top dollar (whether it is to their benefit in the end or not) but also those who want to sell asap and so price accordingly. (and in re-sales there is always room to negotiate)

I have seen a number of very attractive NEWER re-sales at remarkably affordable prices and with some or all of the bond paid to boot!

If and when you are ready, I believe you will find the home that's right for you.
The salesperson was planting a seed to motivate you.
:)

[jane032657]

There is a home in our village of Haciendas of Mission Hills on the water side that was bought for $348,000 just over a year ago, and just sold for $439,900 with furnishings and no upgrades except landscaping. Almost every villa selling here is without a realtor, it is by word of mouth, and everyone selling is selling higher and getting their price or close to it.

[Schaumburger]

Schaum,
Try not to let the notion of 'fish or cut bait' affect you. If you want a never before lived in home, then yes, eventually they will be all sold, but there will always be re-sales and there will always be reasonable prices found.
In re-sales, there WILL be those who want to hold out for the top dollar (whether it is to their benefit in the end or not) but also those who want to sell asap and so price accordingly. (and in re-sales there is always room to negotiate)

I have seen a number of very attractive NEWER re-sales at remarkably affordable prices and with some or all of the bond paid to boot!

If and when you are ready, I believe you will find the home that's right for you.
The salesperson was planting a seed to motivate you.
:)

I will agree with you on that about the agent's motivation about home prices going up 30% in the next 3 years. Just wondering my friend and I were discussing resale homes already showing up in the new villages south of
466A (Charlotte and Fernandina). What is The Villages' rule about re-selling new construction -- an owner can't sell within 1 year of closing, or an owner can sell within the first year but not for more than the price the owner paid The Villages for his or her home?

[Schaumburger]

Schaum,
Try not to let the notion of 'fish or cut bait' affect you. If you want a never before lived in home, then yes, eventually they will be all sold, but there will always be re-sales and there will always be reasonable prices found.
In re-sales, there WILL be those who want to hold out for the top dollar (whether it is to their benefit in the end or not) but also those who want to sell asap and so price accordingly. (and in re-sales there is always room to negotiate)

I have seen a number of very attractive NEWER re-sales at remarkably affordable prices and with some or all of the bond paid to boot!

If and when you are ready, I believe you will find the home that's right for you.
The salesperson was planting a seed to motivate you.
:)

Uptown Girl, Thank you for the words of wisdom. I need to take many deep cleansing breaths and tell myself not to worry too much about being priced out of the market in The Villages.

[Uptown Girl]

I will agree with you on that about the agent's motivation about home prices going up 30% in the next 3 years. Just wondering my friend and I were discussing resale homes already showing up in the new villages south of
466A (Charlotte and Fernandina). What is The Villages' rule about re-selling new construction -- an owner can't sell within 1 year of closing, or an owner can sell within the first year but not for more than the price the owner paid The Villages for his or her home?

i would call the Sales Office for the real answer. I do know that with extenuating circumstances, the 'rules' are sometimes flexible.

I know of two homes that went up for sale within a year after they were purchased. One lady who lived alone passed away and another had sudden misfortune and as a result must be in a nursing home permanently.
Their families were allowed to place the homes for sale.

[mulligan]

Yes, any home can be sold at any time, but if within the first year after initial closing, any profit must go to the developer. Presented, read, and signed off at closing.

[asianthree]

we almost bought a home less than a year old was asking $13000. over what they paid..by the time all was said and done there would have been a loss not a profit...according to rep they did not accept our offer

[NIPAS K-9]

There is a home in our village of Haciendas of Mission Hills on the water side that was bought for $348,000 just over a year ago, and just sold for $439,900 with furnishings and no upgrades except landscaping. Almost every villa selling here is without a realtor, it is by word of mouth, and everyone selling is selling higher and getting their price or close to it.

Then why is there a home listed for 314,ooo corner lot with the villages home property in that location, just sitting , hasn't sold in a month?????????

[jane032657]

It is up against 466 I believe. Some of those homes sold last....All the others are gone in a minute. The one that went for $439,900 that was bought for $348,000 sold the first day. There are many more that have sold the same day by word of mouth from a neighbor who knew someone who wanted to move in or to someone driving around the neighborhood looking to buy and someone tell thing them they knew of one that was going up for sale. It has been mesmerizing to those of us who live here. But yes, there is that one that is lingering....

[asianthree]

Then why is there a home listed for 314,ooo corner lot with the villages home property in that location, just sitting , hasn't sold in a month?????????

someone didn't like the carpet:1rotfl:

[justjim]

TV could be different but in most retirement communities prices DO NOT go up when built out just because there are no more new homes available. As a matter of fact, it could be just the opposite. With all the commercial property owned by the Developer, "some" marketing of TV could continue following build out. The overall economy at the time will IMHO determine what home prices will be in 2015 or 2016.

[Bogie Shooter]

I attended an open house yesterday conducted by a non-villages (MLS) real estate agent who formerly worked for The Villages. His prediction is that the prices of homes in The Villages will rise by 30-35% in the next three years as build out approaches. If this agent is right, that is very good news for all of you who currently own homes in The Villages. For us wannabees, it may soon be time to "fish or cut bait" otherwise some wannabees may be priced out of the market. I don't know how knowledgeable this agent is, but it is something to ponder.

This thread should make you feel better.
https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/villages-contracts-lake-county-property-78482/

[57ChevyFI]

The stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It�s very likely that specific research points toward a massive market correction, as much as 90%. and cause real estate values to collapse.

The unemployment rate has not stabilized, all the government has done is reclassified people who have stopped looking for work so they are not considered "unemployed".

[old moe]

Yes, any home can be sold at any time, but if within the first year after initial closing, any profit must go to the developer. Presented, read, and signed off at closing.

:faint:This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No? :blahblahblah::blahblahblah:

[old moe]

The unemployment rate has not stabilized, all the government has done is reclassified people who have stopped looking for work so they are not considered "unemployed".

:bigbow:AGREED, and ADAM to that.

[Uptown Girl]

:faint:This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No? :blahblahblah::blahblahblah:

I think they did that to prevent people with no intention of living here from having a side business of buying/ flipping them.
Personally, I am glad they did it.

[golf4me]

:faint:This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No? :blahblahblah::blahblahblah:

It is a percentage of the profit if sold in less than a year and it was done to put a stop to "flipping" and it is on NEW HOMES only.I think that's good. Not good when people who don't have a real interest buy a bunch of home to rent them.

[old moe]

I think they did that to prevent people with no intention of living here from having a side business of buying/ flipping them.
Personally, I am glad they did it.

Don't they already have that problem with people that buy mainly to RENTONLY and never live in the home themselves?? When I sold my new home in Sarasota 9months after we moved in ,could not ask same or equal price as brand new because people wanted to pick the lot, pick chooses, put there own upgrades etc., had to keep price lower to compete and still took just under 3 months to sell.

[Bogie Shooter]

:faint:This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No? :blahblahblah::blahblahblah:

Had you been here when you were give 72 hours to say yes or no to a new home and nearly any home listed sold in 1-3 days, you could have seen what would have happened without that clause in the sales agreement. The speculators would have decended on TV and No One other than them would have been able to buy a house.
Not illegal.
Not a scam.
Are you a villager???

[Uptown Girl]

Don't they already have that problem with people that buy mainly to RENTONLY and never live in the home themselves?? When I sold my new home in Sarasota 9months after we moved in ,could not ask same or equal price as brand new because people wanted to pick the lot, pick chooses, put there own upgrades etc., had to keep price lower to compete and still took just under 3 months to sell.

I do not see that rental homes pose a 'problem' to the (new home or re-sale) real estate market in The Villages. Just isn't part of the equation.

Most rental homes accommodate short term visitors, people trying our community out before buying, or those needing housing while their own home is under construction. I do know there are rentals where people have long term leases and those renters consider The Villages their home, but they are a minor percentage of the 100 thousand folks who live here.
If you knew The Villages you would understand.

You can't compare our market with anywhere else in Florida. The dynamic of it is unique. At this time there is not much else that offers what we enjoy here.

Our pre-owned homes sell just as fast as our new ones do. You can see that for yourself on our real estate websites. Many buyers prefer them for lots of reasons.... upgrades, mature landscaping, turn key readiness, low or no bonds, etc.

Selling your 9 month old home in Sarasota in under 3 months is nothing to feel grumbly about in the overall market of today! It IS now sold as you wanted, yes?

[asianthree]

:faint:This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No? :blahblahblah::blahblahblah:

well you should look for a preowned then, otherwise you will signing the same paperwork that the rest of us signed at new home closing

[Ron1Z]

It's a retirement community. People die and children who do not live in florida are stuck with a home that they don't want and need to unload. Home prices rise and fall nation wide.