Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Fenny exisiting Home $$$ increased (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/fenny-exisiting-home--increased-262638/)

kstew43 05-04-2018 06:58 PM

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

tom_sjc 05-04-2018 07:18 PM

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.

Marathon Man 05-04-2018 07:47 PM

Doesn't seem to me that tactics are needed at all. Clearly, construction and sales are moving right along.

raynan 05-04-2018 08:29 PM

Usually a markdown sale in July.

Lottoguy 05-04-2018 08:38 PM

Don't forget to look at preowned homes. Many already have thousands in upgrades.

VillageIdiots 05-04-2018 09:38 PM

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.

Toymeister 05-04-2018 09:59 PM

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.

VillageIdiots 05-04-2018 10:07 PM

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.

manaboutown 05-04-2018 11:36 PM

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.

ColdNoMore 05-05-2018 05:50 AM

I'm guessing the price increases are an effort...to make up for a lack of golf cart sales.






(J/K....sorta) :D

VillageIdiots 05-05-2018 08:30 AM

Quote:

Originally Posted by ColdNoMore (Post 1540255)
I'm guessing the price increases are an effort...to make up for a lack of golf cart sales.






(J/K....sorta) :D

I heard beer sales dipped. Maybe it’s a veiled attempt to make up the difference.

:popcorn:

New Englander 05-05-2018 09:11 AM

Quote:

Originally Posted by VillageIdiots (Post 1540293)
I heard beer sales dipped. Maybe it’s a veiled attempt to make up the difference.

:popcorn:

:a20: No chance of that happening.

vintageogauge 05-05-2018 06:45 PM

Quote:

Originally Posted by Lottoguy (Post 1540208)
Don't forget to look at preowned homes. Many already have thousands in upgrades.

This post is about Fenney, and there are very few resales down here.

vintageogauge 05-05-2018 06:50 PM

Quote:

Originally Posted by VillageIdiots (Post 1540228)
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.

Most of the discounted homes down here are the new Court Yard Villas as they are in direct competition with the Designer Verandas both having fenced in yards. Other than those villas, there are a handful that are built up against 468 with a wall behind them, needless to say they are not selling well but really great deals even before the price reductions if you can take the road noise, they would be great rental investments.

ColdNoMore 05-05-2018 07:08 PM

Quote:

Originally Posted by vintageogauge (Post 1540493)
Most of the discounted homes down here are the new Court Yard Villas as they are in direct competition with the Designer Verandas both having fenced in yards. Other than those villas, there are a handful that are built up against 468 with a wall behind them, needless to say they are not selling well but really great deals even before the price reductions if you can take the road noise, they would be great rental investments.

With all of the new homes, and I'm sure, subsequent commercial development...that could be a real issue in the near future.

tomwed 05-05-2018 07:10 PM

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.

ColdNoMore 05-05-2018 07:18 PM

Quote:

Originally Posted by tomwed (Post 1540500)
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.

Did you mean 'Allamanda?'

Or did they have a model named 'Allamander?'

VillageIdiots 05-05-2018 07:24 PM

Quote:

Originally Posted by tomwed (Post 1540500)
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.

Likely marketing, like much of the rest of this thread. If you look at the Veranda homes, I believe they are all existing designer home models, but when they make a Veranda home out of it, they call it by a different name. The Veranda I bought is called a Hillsdale but is the same home as the Mossy Oak designer floor plan. What is it they say about a rose by another name? This is not a new tactic and in some ways it helps avoid confusion. Many of the designer homes are called one name when they are stucco construction and called something else when vinyl sided versions of the same floor plan.

tomwed 05-05-2018 08:13 PM

Quote:

Originally Posted by ColdNoMore (Post 1540502)
Did you mean 'Allamanda?'

Or did they have a model named 'Allamander?'

If you are from NJ, and pronounce oil, earl, the Villages sell an Allamander model that looks the same and cost the same as the Allamanda but feels more like home.
They don't miss a trick.

golf2140 05-05-2018 08:23 PM

I'm sure The Villages owners will figure out the pricing of homes one of these days !!!!

ColdNoMore 05-05-2018 08:29 PM

Quote:

Originally Posted by tomwed (Post 1540515)
If you are from NJ, and pronounce oil, earl, the Villages sell an Allamander model that looks the same and cost the same as the Allamanda but feels more like home.
They don't miss a trick.

Gotcha. :1rotfl:

VApeople 05-09-2018 05:11 PM

Quote:

Originally Posted by Lottoguy (Post 1540208)
Don't forget to look at preowned homes. Many already have thousands in upgrades.

Yeah, but a lot of the upgrades could be things you may not want, like summer kitchens, crown molding, or driveway pavers.

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.

vintageogauge 05-09-2018 05:39 PM

Quote:

Originally Posted by VillageIdiots (Post 1540504)
Likely marketing, like much of the rest of this thread. If you look at the Veranda homes, I believe they are all existing designer home models, but when they make a Veranda home out of it, they call it by a different name. The Veranda I bought is called a Hillsdale but is the same home as the Mossy Oak designer floor plan. What is it they say about a rose by another name? This is not a new tactic and in some ways it helps avoid confusion. Many of the designer homes are called one name when they are stucco construction and called something else when vinyl sided versions of the same floor plan.

There are changes made in the models due to not having a lawn area on one side of the house they eliminated windows. The Midland model is an Ivy without sliders in the kitchen and a smaller lanai to accommodate a concrete slab and windows filled in on the non-lawn area side. In any event they are selling the veranda models at a fast pace.

vintageogauge 05-09-2018 05:44 PM

Quote:

Originally Posted by ColdNoMore (Post 1540499)
With all of the new homes, and I'm sure, subsequent commercial development...that could be a real issue in the near future.

There is no road noise inside Fenney it is just on the perimeter homes along 468 and that is why they have been discounted. Future development will not increase road noise except for that particular area. They are great deals if you are used to hearing cars and trucks. I'm sure the homes built along 466A, 466, Buena Vista, and Morse were discounted also when they were new as there is a lot of traffic on those roads also.

JP 05-10-2018 06:15 PM

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.

graciegirl 05-10-2018 07:15 PM

Quote:

Originally Posted by JP (Post 1542296)
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.

I have heard time and time again that no future changes are EVER discussed in meetings with Villages reps. Our rep has told us several times that when a change happens, THEY hear it at the same time there is a general announcement to the public.

manaboutown 05-10-2018 07:38 PM

Quote:

Originally Posted by JP (Post 1542296)
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.

Realtor??? If you are writing about Villages reps they are not Realtors.

kstew43 05-10-2018 08:16 PM

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.

vintageogauge 05-10-2018 08:54 PM

Quote:

Originally Posted by manaboutown (Post 1542315)
Realtor??? If you are writing about Villages reps they are not Realtors.

A realtor is an agent selling property so yes, they are realtors.

vintageogauge 05-10-2018 08:57 PM

Quote:

Originally Posted by kstew43 (Post 1542332)
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.

If the increase is true, it's 2% after a year of selling, that is to be expected. According to todays paper TV agents sold 2,200 new homes and 2,200 re-sales in 2017. That ratio will most likely stay the same for 2018.

kstew43 05-11-2018 09:20 AM

Quote:

Originally Posted by vintageogauge (Post 1542344)
A realtor is an agent selling property so yes, they are realtors.

To be a Realtor, you must be a member of the Board of Realtors in the county you would like to sell homes. You must pay your fees which can run between $500 upwards to $1000's per year and this entitles you to access to the MLS (Multiply Listing Service) and gives you access to any listings on that service with a lock box code or chip.

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.

tomwed 05-11-2018 09:23 AM

Does anyone remember how much the least expensive home that's gone now, cost?

Did it have one or two bedrooms?

kstew43 05-11-2018 09:29 AM

Quote:

Originally Posted by tomwed (Post 1542460)
Does anyone remember how much the least expensive home that's gone now, cost?

Did it have one or two bedrooms?

1 bedroom, patio villa with no screen porch $135,000

graciegirl 05-11-2018 09:48 AM

Quote:

Originally Posted by kstew43 (Post 1542458)
To be a Realtor, you must be a member of the Board of Realtors in the county you would like to sell homes. You must pay your fees which can run between $500 upwards to $1000's per year and this entitles you to access to the MLS (Multiply Listing Service) and gives you access to any listings on that service with a lock box code or chip.

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.

I doubt few care except for the folks who belong to the club who CANNOT sell new properties and who sometimes post negative things about new areas where only new properties are sold.

manaboutown 05-11-2018 09:54 AM

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

manaboutown 05-11-2018 10:06 AM

Quote:

Originally Posted by kstew43 (Post 1542458)
To be a Realtor, you must be a member of the Board of Realtors in the county you would like to sell homes. You must pay your fees which can run between $500 upwards to $1000's per year and this entitles you to access to the MLS (Multiply Listing Service) and gives you access to any listings on that service with a lock box code or chip.

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.

:agree:

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.

tomwed 05-11-2018 11:24 AM

Quote:

Originally Posted by kstew43 (Post 1542465)
1 bedroom, patio villa with no screen porch $135,000

Does anyone remember what the least expensive 2 bedroom patio sold for? I tried looking this up and I sent an email to the salesperson who sold me my home. And I appreciate you for taking the time to reply.

vintageogauge 05-11-2018 11:52 AM

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.

VillageIdiots 05-11-2018 12:53 PM

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.

manaboutown 05-11-2018 01:05 PM

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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