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Fenny exisiting Home $$$ increased
So we have been watching 3 particular homes in Fenny that we just might be interested in for the past 11 months or so since they were newy built.
We noticed the other day that all 3 homes had a price increase of $1000, maybe more because I tend to not notice the last 3 numbers and rather pay attention to the first 3. $429,??? is now $430,???.... Hubby believes and I concur, that because we all know "build out is a myth" that the new sales tactic is for sales agents to say, buy the home today as the price of this home is going up tommorrow? .hummmm |
We had a list of houses we were interested and we noticed recently price drops of 12-15K on several of them. We've been watching 8-10 houses over the past 4 months; most are still available. Seems like there are plenty of houses available in our price range.
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Doesn't seem to me that tactics are needed at all. Clearly, construction and sales are moving right along.
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Usually a markdown sale in July.
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Don't forget to look at preowned homes. Many already have thousands in upgrades.
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They are clearly adjusting prices to supply and demand, up or down accordingly. A house sits long enough, they may adjust the price down to move it. A popular model low in stock they may up it a bit. I just bought a Veranda home in Fenney a couple of weeks ago. There were 2 for sale with the same floor plan, both having water views. We settled on one of them and noticed the other one, about a week later, went up about 1000 dollars. We've been keeping close tabs since almost a year ago when we decided to sell our home to relocated to TV. There was one home in Osceola Hills that we looked at. Over our budget but we looked at it. Beautiful home with a huge pool and outdoor lanai and birdcage area, with a lot of upgrades. That home stayed on the market for a long long time as we watched it on the website. As great as the home was, it sat right beside one of the gates and within spitting distance of a neighborhood pool. The price was adjusted down several times until it finally sold not that long ago.
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Let's keep your math on point. One grand at that price point is .2% annual inflation. Even four or five grand sounds reasonable, a bargain.
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Where is any math, correct or incorrect, above? Just observations about prices going up or down, a little or not so little, and pontificating as to possibly why that is. Inflation could be a factor, but there is no denying that sometimes prices are cut and sometimes they are increased, if you watch closely enough. You'll also notice, in Fenney, that some homes will have an advertised "discount" while others do not. It's called business and marketing. They didn't invent it but they are certainly very good at it.
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It's called marketing. Car dealers, retailers and developers all do it. If a business can't move a product at a given price they reduce the price after a period of time to move it. If a product is in high demand they can sell it quickly at whatever price the market will bear.
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I'm guessing the price increases are an effort...to make up for a lack of golf cart sales.
(J/K....sorta) :D |
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I noticed the Alder model in Finney use to be called the Allamander. I wonder why they rename them. What makes it unique is that it is poured concrete not block. I think it is the least expensive stucco designer home.
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Or did they have a model named 'Allamander?' |
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They don't miss a trick. |
I'm sure The Villages owners will figure out the pricing of homes one of these days !!!!
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In addition, a lot of people watch HGTV and believe the hosts when they say, "These $50K upgrades increased the value of the house by $80K." Dream on. |
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I just talked to a friend of mine last night that told me his realtor said prices were going up $6-9,000 in June in the Fenney/Desota area and now would be the time to buy. Realtor said they were just out of a sales meeting(two days ago) and this is what was told to them. Rumor? Sales ploy? Time will tell.
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I'm not so sure that raising the existing home prices in Fenny and Desota 6k to 9k will sell many new homes. I think its a sales tactic...
But I do think, that just maybe, raising new home prices will help out resales in the upper villages proper. That might just be a good thing for people selling there homes. |
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A Villages sales agent, is not a Realtor, they did pass the state license exam to enable them to sell real estate, but they do not pay to be a member of the board of Realtors so have no access to MLS. They can sell only Village properties listed with the builders broker. Therefore they are considered sales agents. |
Does anyone remember how much the least expensive home that's gone now, cost?
Did it have one or two bedrooms? |
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To refer to a real estate agent who is not a member of NAR as a Realtor is improper and misleading. It is analogous to calling any old jeans "Levi's" when they are not Levi's but another brand.
"Trademark infringement is the unauthorized use of a trademark or service mark on or in connection with goods and/or services in a manner that is likely to cause confusion, deception, or mistake about the source of the goods and/or services." "The NAR has begun citing members for using the term “REALTOR®” to indicate a person’s occupation rather than their membership in the Association. If your marketing is similar to these examples, use “Real Estate Agent” instead of “REALTOR®” or you will also receive a notice from NAR. The REALTOR® marks serve the special function of identifying members of the National Association and should never be used interchangeably with terms such as: real estate agent; broker; salesperson. While HRRA encourages members to proudly display the REALTOR® logo on their marketing and branding pieces, members should make themselves knowledgable on issues of proper use." http://www.hrra.com/_docs/media/trademark.pdf |
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Disclaimer: Although I hold a real estate broker's license in the state of New Mexico I am not a Realtor, have never been a Realtor and have no intention of becoming a Realtor. |
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Those "non-realtors" sold 4,400 new and used homes in TV last year, That's a lot of homes and they most likely don't care what title they have as long as they are selling. I have nothing against MLS agents but I think down here in this unique atmosphere The Villages agents are kept more up to date on what is going on and what is going to be. Either way they all get sold eventually as long as the sellers don't get greedy. Are prices going to go up? Of course they are if for no other reason the cost of material and labor keeps going up. A little off topic but the furniture stores around here must be loving the continuing growth along with many other retailers and service oriented businesses.
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There are plenty of MLS agents/brokers out there, all over the country, who aren't "Realtors" and they do just fine. As noted above, Realtor has become a generic term to describe one who is licensed to sell real estate. Generally, the only people who take offense to that are the ones who have invested the time and money to become certified "Realtors". When I was a kid, I remember my friends referring to any dirt bike motorcycle as a Honda, no matter if it was a Yamaha or something else. I have heard people refer to Pepsi as "Coke". This is not a new concept.
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Post #35 cites evidence of the NAR policing its mark; if it fails to sufficiently do so "Realtor" could of course become generic
Here is more: Trademark Protection Program | www.nar.realtor "Generic Use A trademark can be lost due to genericity, or the process of becoming generic over time, if the owner doesn't promptly object to people using the mark as an ordinary verb or noun. Terms like "thermos," "aspirin," and "cellophane" were once corporate trademarks, but lost their trademark status once the terms passed into the general public lexicon. Courts include the degree to which a trademark owner has policed her trademark as a factor considered when determining whether trademark protection should be voided due to genericity." |
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