[Normal]

Originally Posted by frayedends

I’m not sure I’m reading your post right. I wouldn’t call this a 20% discount. The house sold a year ago for $674K. If it’s going for 980 then they are making about a 40% profit (assuming about 30k in landscaping upgrades) in 1 year. Dang.

sorry looking at a pending that was listed at 1.2

[frayedends]

Originally Posted by Normal

sorry looking at a pending that was listed at 1.2

I don’t see it as a discount. It was overpriced and they sold lower. But still 40% higher than its sale 1 year ago.

[justjim]

Resales are still overpriced IMHO. Houses in TV have appreciated, on average, about 50% in the last 10 years. There is no guarantee that interest rates will be lowered by the Fed this year. If you don’t need to buy, I would hold off a bit longer. Just my two cents.

[JMintzer]

I see the usual suspects have entered the chat, spreading their hope for gloom and doom...

[frayedends]

Originally Posted by JMintzer

I see the usual suspects have entered the chat, spreading their hope for gloom and doom...

Yeah lots of that. But as I showed real evidence, a home in Lake Denham (granted on a good lot) is about to make an almost 40% profit in 1 year with the only upgrades I can see being some landscaping.

The twisting that was done by the other poster, trying to call it "discounted" because they had to sell 20% lower than their list price is simply absurd. The 1.2 million list was a pipe dream. It was absolutely crazy. But they are getting 980K for something that was in the 600s less than a year ago.

[shaw8700@outlook.com]

Originally Posted by Rainger99

I go into the app on my iPhone and I find the house. When you pull it up, scroll down to flyer and click on flyer.

The house I’m buying doesn’t say that. Wonder why it doesn’t?

[westernrider75]

Originally Posted by Rainger99

Pending says $980,000. Closing in August.

Just curious where you saw that info?

[frayedends]

Originally Posted by westernrider75

Just curious where you saw that info?

Rainger noted it’s on the flyer that you can click if you search the home using the app. I didn’t find the flyer on the website. I am curious why that would be shown. I don’t think it’s usual to show a price while under contract. Reason being it gives potential new buyers some leverage if the current deal falls apart. We can’t be sure until it actually closes. But if it was listed at 1.2 then 980 is reasonable.

[DrHitch]

Originally Posted by Altavia

Still selling 70-100/week.

Note that these pictures show new owners of homes listed through the VLS...not including pre-owned homes sold through MLS.

[coconutmama]

Originally Posted by westernrider75

Just curious where you saw that info?

Me too. I don’t see a closing date.

And the price I see on the flyer is the listing price not the actual price it sold for.

[rsmurano]

People don’t get it. They think the sky is falling (tv real estate) when somebody is only making $200,000-$300,000 profit in a year or 2 instead of $250,000-$350,000 they would have got a year ago. I know friends that have bought preowned houses here in the last couple months and their sellers made well over $150,000 in 1 year with no improvements.
I also have friends that are trying to buy new houses/lots in Eastport and they are up against hundreds of others bidding for the same house/lot. TV is still using the lottery system. No price reductions here.
Now in the undesirable areas, TV was discounting because they weren’t flying off the sales sheet. These areas I wouldn’t look in with a 50% deduction.
As for a good time to buy, this is a perfect time to buy. I have cash so I don’t need to pay 7% for a loan, and there are fewer people out there that are willing to pay 7% interest or pay cash, so the seller is more negotiable on price.
Selling is different. If you can wait while selling and not panic, then you will do fine. But if you buy a new place and have to sell, then you put yourself in this situation.

[Altavia]

Originally Posted by rsmurano

People don’t get it. They think the sky is falling (tv real estate) when somebody is only making $200,000-$300,000 profit in a year or 2 instead of $250,000-$350,000 they would have got a year ago. I know friends that have bought preowned houses here in the last couple months and their sellers made well over $150,000 in 1 year with no improvements.
I also have friends that are trying to buy new houses/lots in Eastport and they are up against hundreds of others bidding for the same house/lot. TV is still using the lottery system. No price reductions here.
Now in the undesirable areas, TV was discounting because they weren’t flying off the sales sheet. These areas I wouldn’t look in with a 50% deduction.
As for a good time to buy, this is a perfect time to buy. I have cash so I don’t need to pay 7% for a loan, and there are fewer people out there that are willing to pay 7% interest or pay cash, so the seller is more negotiable on price.
Selling is different. If you can wait while selling and not panic, then you will do fine. But if you buy a new place and have to sell, then you put yourself in this situation.

Agree. Waiting for discounts on homes nobody else wants is not smart financially at time of resale. A desirable home will appreciate more and resell faster.

They are building like crazy in Wellpoint now. Close to 50 homes in progress at the southern edge of Monarch Gtove and are starting 2-3 a day. The Villas that will overlook the golf courses have also started.

[Pat2015]

Originally Posted by margaretmattson

It depends on what type of home you purchased. Homes with great views and/or pools are making a great profit. Other types of homes are hit or miss depending on the LOCATION. Homes closer to squares usually sell quicker than those farther away.

Absolutely true! View lots, pools, etc., make selling very easy for a nice profit in the southern area of TV.

[Robojo]

Originally Posted by CoachKandSportsguy

https://x.com/TrishaFLsun/status/1803763885331112300

Ouch, sale by private equity (PE) landlord starting to unload houses at steep discounts. .
I can't be happier as PE landlords should be limited or prohibited.

Access to this page has been denied

TV has competition for VALUE per sq foot based upon the house alone. .
TV might hold its value more for the location. .

Its because of the PE landlord the normie can't afford to buy. Prices will come down everywhere and whether or not they do in TV depends on resalability.

Most of these homes won't last more that a decade without major repair.

[Robojo]

Originally Posted by frayedends

This resale in Lake Denham (that desolate area with nothing around it) is under contract. No way to know what they sale price is until after closing, but it was listed at 1.2 million.

I realize it's a "premier" but it's really just a nice designer home with no pool. Great location but I am being told that I shouldn't have bought in Lake Denham because I'll lose my shirt. Sale like this says otherwise.

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