New Homes pricing change?

[DeanFL]

I tend to check out TV new and resales each day. Noticed a change in structure of new Spec homes for sale (297 as of this AM). Specs always had a 'discount' pricing - a "Was" and "Now" price - no doubt to incent Spec sales over custom builds. Noticed yesterday that most new Spec homes on the TV site only have a ''Price'' now - those that had a discount price before...now do not.

We have our custom Design Meeting in Nov, one of the last. Wondering if the pricing will be bumped up... again. Can't blame the Developer to get as much as they can, but for those folks hoping to get a deal on Specs... perhaps not now.

Search New Homes and Villas for Sale in The Villages, Florida (http://www.thevillages.com/homes/search/)

[gomoho]

Cha ching!

[billethkid]

the difference between a "spec" home and custom build is zero!!!!!

TV has sold enough homes to come up with a configuration that meets the demand of 98% of the so called custom build. I say so called because there are no really built custom homes in TV....far too many restrictions and options they do not handle. Great for the aftermarket folks.

Unless there is a complete collapse in the world that could affect TV, from here on to the build out supply is less than demand = increasing prices.
Good for all our investment in TV.

btk

[TraceyMooreRN]

We purchased a spec home and was listed for I believe 339,900 with builders discounter 329,000. However-during appraisal only came in at 332,000. So the builders discount was just an inflated value.

Only on the market 30 days -so not like it should have dropped that much however just an inflated price by the developer.

[SouthOfTheBorder]

As of this morning there still are "was - is" priced new homes on the village listing, but not all listings as it has been.

:thumbup:

Don

[jimbo2012]

Wondering if the pricing will be bumped up... again.

Your price is not locked until the design date, if they R not doing discounts on that date then U don't get it.

If the price goes up U R subject to the increase.

[Jim 9922]

We purchased a spec home and was listed for I believe 339,900 with builders discounter 329,000. However-during appraisal only came in at 332,000. So the builders discount was just an inflated value.

Only on the market 30 days -so not like it should have dropped that much however just an inflated price by the developer.
Throw in the "bond of probably about $25000 which you owe as a lein against the property and, sorry to say, you are really "under water".

[cbh1975]

Noticed yesterday that most new Spec homes on the TV site only have a ''Price'' now - those that had a discount price before...now do not.

I noticed that this morning, myself. Hopefully, things won't change too much more in the next three weeks. But, if the prices keep increasing, we'll be out of luck in purchasing a Spec home.

[DeanFL]

1. There are some "discounted" Specs still avail - but a small %, and perhaps those are ones on the Market for a while and they want to incent to sell.

2. Yes, all these price increases of New is good for current TV residents, and should reflect in your home values. good for you.

3. I passed the chance to be a TVer 8 years ago when moving to FL. Bought new in a 55+ comm 20 min away, and in the end will lose about 20% when sold (on market now). Woulda/shoulda/coulda. But since then the dream was to be a TVer, and we will when our house is expected to be built in Feb 14. Any gains on our house in the future will be for our heirs - we simply look forward to the lifestyle.

Dean

[graciegirl]

I have always thought that "priced at" and "available now" on Villages spec homes was a sales gimmick. Not a bad thing, I am used to how the market, well, markets.

So what it is listed at and what it was is just the price...and the prices are going up.

Helped a friend look for a patio villas a month or so ago and watched the new and resale prices go up right in front of our eyes, and appointments were canceled as homes went under contract.

I think to get a home last year or the year before was a good idea.

We can now enjoy watching the prices go up. Here and everywhere and the interest rates go up too.

[Spectreron]

The discount is a sales gimmick in my opinion. We bought a spec home 2 wks ago so I'm fairly current on the sales routine. The kicker is the discount is tied to giving them 10% of the price within 7 days. After 7 days you lose the discount. Keeps the money flowin' and helps to lock in the buyer. IMHO it's just part of the game...the rewards come after you move in, drink a big glass of kool aid, and join the Lifestyle. It's all good!

[graciegirl]

The discount is a sales gimmick in my opinion. We bought a spec home 2 wks ago so I'm fairly current on the sales routine. The kicker is the discount is tied to giving them 10% of the price within 7 days. After 7 days you lose the discount. Keeps the money flowin' and helps to lock in the buyer. IMHO it's just part of the game...the rewards come after you move in, drink a big glass of kool aid, and join the Lifestyle. It's all good!

The ten percent down has been going on since we bought our first house here. They don't need gimmicks.

[justjim]

Although perhaps not told "directly" by a salesperson, its "implied" that "you better buy now before prices and interest rates go even higher"---and soon there might not be anymore new houses available (potential buyers thinking) as TV is in the final phase of development.

I too, follow the market in TV pretty closely and the homes on a golf course or water with no houses directly behind have gone up in price even more! Perhaps, a bit of over exuberance IMHO. "They" are making hay while the sunshines!

[Jayhawk]

Although perhaps not told "directly" by a salesperson, its "implied" that "you better buy now before prices and interest rates go even higher"---and soon there might not be anymore new houses available (potential buyers thinking) as TV is in the final phase of development.

I too, follow the market in TV pretty closely and the homes on a golf course or water with no houses directly behind have gone up in price even more! Perhaps, a bit of over exuberance IMHO. "They" are making hay while the sunshines!

Regarding the first point, I can only speak from my experience but there was zero sales pressure or implicaiton of rising prices. I knew what I wanted and the Villages representative was the vessel to help me get it. He didn't push, trick, or try to persuade us in any fashion. As Gracie said, they don't need to. If I hadn't bought the home I did, I am confident someone else would have. I didn't need a salesperson to convince me of that.

And on the second point, making hay while the sun shines is probably no different than any of us did in our work lives to enable us to end up here. Nothing at all wrong with that for the residents or the developer.

[herbaru]

I was with my sales agent at 5pm yesterday. She said she just came from a meeting telling them there will no longer be a discount on newly released homes. She did say the ones that were released before yesterday would keep their discount. To me it looks like the older releases are showing the discounted price only.

I tend to check out TV new and resales each day. Noticed a change in structure of new Spec homes for sale (297 as of this AM). Specs always had a 'discount' pricing - a "Was" and "Now" price - no doubt to incent Spec sales over custom builds. Noticed yesterday that most new Spec homes on the TV site only have a ''Price'' now - those that had a discount price before...now do not.

We have our custom Design Meeting in Nov, one of the last. Wondering if the pricing will be bumped up... again. Can't blame the Developer to get as much as they can, but for those folks hoping to get a deal on Specs... perhaps not now.

Search New Homes and Villas for Sale in The Villages, Florida (http://www.thevillages.com/homes/search/)

[DeanFL]

I was with my sales agent at 5pm yesterday. She said she just came from a meeting telling them there will no longer be a discount on newly released homes. She did say the ones that were released before yesterday would keep their discount. To me it looks like the older releases are showing the discounted price only.

Actually it appeared that I caught the New Home Sales site in a state of flux last night - and what I saw during the change is that ALL the "Price" $ figures (those no longer with discounts) are at the Retail price. In other words the discounts were simply eliminated for all built Spec homes - except for some, about 25 or so, of the 286 on the market right now. The Developer can afford to pull back now as buyers keep coming (like me) and the Market can absorb the price increases.

The new home prices are certainly overvalued in this market - BUT buying the Lifestyle is the key. And pulled us in... Good for The Villages mgt!

[billethkid]

when all gets said and done....SUPPLY AND DEMAND......really nothing much to try to figure out.

The "over valued" prices will be a bargain next year.

SUPPLY AND DEMAND!

btk

[rubicon]

In following the market here since 2004 and buying n 2006 people still are getting a bargain and some say. speak to those in who purchased during TV's banner years

[asianthree]

In following the market here since 2004 and buying n 2006 people still are getting a bargain and some say. speak to those in who purchased during TV's banner years

price of a patio villa in those years were about what the new build is now

[kellyjam]

2 agents told me last week that you no longer can reserve a lot for a future build anymore. I think you are going to see a lot more Spec homes.


The Bronx/Stamford CT/New City NY/Coral Springs FL/Hampton Bays L.I./TV

[e-flyer]

At the rate they are being built, future buyers now should have a lot of houses to choose from (at least for the short term). Village of Collier for instance has entire blocks being built all at once. I'm sure the other Villages to the east will go up in mass as well.

[dotti105]

DeanFl, we too are scheduled for our design appt late. It's Nov 25. We had a lot of things to wrap up before we could committ to the $20% down at design.

I have also been super worried that we will be raped and pillaged at Design. But I had our SA price our tentative design and the price has not changed....yet!

I still worry that we are so far out that an increase is very likely!

Where are you building? We will be on Gullberry in Gilchrist, over looking the 8th tee of Kildeer.

We were told that our $7500 deposit hold the lot price. We have s great lot with no rear neighbors. So we are lucky there. We just have to hold on tight. We are committed. And have to play by the developer's rules!

Let us know how your appt goes!!
Dotti

[asianthree]

just looked at the web site...you are right the discount prices seen to have dropped away..

[DeanFL]

DeanFl, we too are scheduled for our design appt late. It's Nov 25. We had a lot of things to wrap up before we could committ to the $20% down at design.

I have also been super worried that we will be raped and pillaged at Design. But I had our SA price our tentative design and the price has not changed....yet!

I still worry that we are so far out that an increase is very likely!

Where are you building? We will be on Gullberry in Gilchrist, over looking the 8th tee of Kildeer.

We were told that our $7500 deposit hold the lot price. We have s great lot with no rear neighbors. So we are lucky there. We just have to hold on tight. We are committed. And have to play by the developer's rules!

Let us know how your appt goes!!
Dotti


We will be on Amherst Way in Gilchrist, across the 2nd green on Destin course. Planning a Holly model with the large kitchen - perfect to spread out the takeout food...

We were to have a 3-day Design meeting in mid Nov, and declined - we want it done in 1 day. So we were provided the list/forms and did research (colors roof etc) and our SA brought us to the Design Center to pre-select stretches/tile/cabinets/counters/ etc. So during our 1-day meeting, need to confirm choices and select the small stuff.
Couple concerns - we will have tile in wet areas, and wanted laminate everywhere else. Design Center only has hardwood (didn't even ask $$$). We ran into one SA at a model weeks ago, and she said we could have linoleum installed by builder and that is perfect to lay laminate aftermarket. When asking our SA - she said NO they would not allow that. So we may need to have standard carpet and rip it out a week after closing... Has ANYONE recently been allowed to have linoleum in 'living areas' in their new home?

Yes, we're not pleased with the expected Design restrictions, and $$$, but what will be will be. We hope for a positive experience and outcome. And we know it will be worth it - and finally join the TV community.
Dean

[keithwand]

Homes are a bargain here.
We just sold our Orlando (Baldwin Park) house built in 2004.
Same size as TV, smaller 3 car garage, smaller lot, no pool, no summer kitchen and got almost 100K more than we paid in TV.
Both homes had bonds and the buyer picked up the remaining years on top of the price they paid.
Lifestyle there vs here doesn't begin to compare so again a bargain.
We do miss having Costco and Total Wine a few miles away.
Those that don't know there is Model Home furniture sale every Friday in Winter Park.
Get them while they're hot because prices should go up with 10,000 boomers retiring daily.

[John Reis]

I too was in the same boat as the OP for 2 years and sat and watched the prices go up due to inability to pull the trigger. I am very relieved to say that i finally bought a newer resale CYV last month and will be closing on 9/30. I am glad that finally decided to buy, and in hindsight should have bought 2 years ago when we had the same opportunity (fully furnished patio villa in Pennecamp for mid 150's). I can now take some joy in hearing about price increases afters a couple of years of being on the other end.

[TheCollierCpl]

Throw in the "bond of probably about $25000 which you owe as a lein against the property and, sorry to say, you are really "under water".

The bond pays for infrastructure. One way or the other the homeowner always pays for it. It merely depends upon the method used by the state, the county, jurisdiction, etc. In some places it is in the real property tax, in others, a metropolitan fee is charged, in others, it is in the price of the land (in TV, as compared to th e middle atlantc states, land is very cheap. Add in the bod, and it is comparably priced.
It is all regionalricing - either way you cut it Florida is che cared to much of the country!

[graciegirl]

DeanFl, we too are scheduled for our design appt late. It's Nov 25. We had a lot of things to wrap up before we could committ to the $20% down at design.

I have also been super worried that we will be raped and pillaged at Design. But I had our SA price our tentative design and the price has not changed....yet!

I still worry that we are so far out that an increase is very likely!

Where are you building? We will be on Gullberry in Gilchrist, over looking the 8th tee of Kildeer.

We were told that our $7500 deposit hold the lot price. We have s great lot with no rear neighbors. So we are lucky there. We just have to hold on tight. We are committed. And have to play by the developer's rules!

Let us know how your appt goes!!
Dotti


Don't worry Dotti, you won't be raped and pillaged. You can stop and add it up all along the process and no one will try to pull the wool over your eyes or upsell you. The reason that this place is a success is that the people who own it are ethical and decent people who do NOT try to scam you. They are so successful that you hear a lot of class envy, but they have no need to rape and pillage. The build a nice house and you have to pay a little more than other communities for a smaller house because of the lifestyle.

It will be good, and more than good.

I don't work for the developer or know him or his family but someday before I die I would like to shake all of their hands and thank them for making this part of my life so full of interesting things and people and activities and we love our home too.

[dotti105]

Thanks Gracie,
You always have such a level headed and calm approach, when we newbies freak out!

We have a max $ amount and do not want to go over that, But We are doing some stretches and I am just afraid that It will add up quickly.

I am hoping that our design person is a class act and is super familiar with the options and can help us truly pick the things that are important to us.

We have heard about several fantastic Designers, But my SA says many have left since the big sell out.

I am hoping that our trip in Oct will be work while. We want to go through as much as we can so the the Nov 25 Design appt goes quickly without a hitch.

Just a bit nervous.....