Price drop
 

Is there any way to know when the villages will drop the price on remaining homes?

The thought of purchasing a home and a week later it drops 20k is unnerving.

Preowned or new?

I think the Villages Development Corp, plays their cards very close to the vest. I don't think anyone can predict if and when there would be a price decrease with any certainty.

It certainly happens
 

The Villages sat on the homes in Dabney for almost 6 months before you started seeing the slashing.

They look something like this from last year’s cuts

In the Villages, there is no such thing as remaining homes. There may be remaining homes in a particular area. Usually the runt of the litter.

Thats life. Offer a price $20 K lower.

From my experience, the developer lowers the price on undesirable homes. Backs up to a major street, power lines, noise, kissing lanais, small interior lot, etc. OP, follow your gut. If you feel a home will not retain its value or a price drop is in the near future, you are probably correct.

If you are looking at preowned, research thoroughly before you buy. I would suggest you start with math.

714 homes available on MLS. Each week more are added. Homes sold each week average 30 to 40.

OVER 90% OF THE INVENTORY IS SITTING. If you are patient, it will not be difficult to find a good bargain.

The good ones go the same day they are listed. If it’s sitting, there is a reason.

Is this a serious question? Do car manufacturers tell the public when they drop prices or offer incentives? Just one example. Why would any business do such a thing?

Price drop
 

The banks lend money to builders in “packs”. The money for new villages is released when one is sold out. When the villages wants “new” money they will sell quickly to obtain funds and a new contract with the banks. If no other factors are considered, the last few houses in an area may have a price drop.

When there are very few left in a particular village the prices will fall to close out that village. We got a great deal on ours just because there were only a dozen or so left when we were looking. You have to be ready to move fast and I would suggest letting your real estate professional know that’s what you are looking for.

I have heard the new builds are nonnegotiable on price. It's a take it or leave situation. The price listed does not change unless The Vllages discounts it after considerable time.

LOL! if you bought the house, how would it drop 20K? its no longer for sale with a price?

each house is unique, and to assume that another house dropped 20K means your house should have dropped 20K, is just a mental game of unsuccessful bottom fishing ego massaging.

if you want to buy a house, put together a list of wants and needs, and a max price, and go hunting. If everything fits, buy the house and be happy about the house. .

behavior economics: this thought process is called resulting, ie, if the probability of success is 90%, that still means there is a 10% chance of failure. . 90% does not mean 100%, so if you make the choice and it happens, that was the 10%. . Pete Carroll losing the super bowl to the Patriots on a 90% play call. . from the book "Thinking in Bets" not a bad call, just not your desired outcome of which you have no control. .

You could take a short round trip in a time machine. But operators usually charge millions of dollars for that since financial markets offer a much higher return.

Homes new
 

First of all don’t buy a new home there are great deals on older homes . Lots of extras already installed . Most have no bond , most have bigger lots . Bin here ten years the best place too live is above 466

What happens if the value increases $20K in a year? Your 401K (if you have one) can increase and decreases by a lot more than $20K in just a day?

Or the price decreases
 

We bought in the villages about 2 and a half years ago. If we sold today, we would lose money. The house has decreased in value, but our neighbors in Dabney are great. At times we reflect on how neighbors paid less after our purchase but we care too much about them to mention it. We own a second home in Clearwater and that home has also lost maybe the same amount in value.

The bottom line is a home should never be considered an investment. Especially here in Florida.

Agreed. So much more to offer.

Are you serious?

There’s no “offering” anything on a new home. The price you see is the price you pay. Not a penny less.

I doubt “the family” has to borrow from a bank to build a new village. They’ve got billions ……:

Good to know. Did you drop the price on the house you’re selling above 466 ?

God bless Pete Carroll and that play call...

Agree but I think writer was hoping that he could get a specific example. In 2008/2009 it was a HUGE buyers market

You never know that also the reverse could happen. You wait and the price goes up. We bought 3 years ago a new house and literally 2 weeks after escrow closed, new homes like ours were being listed for $40K more. Had we waited we would have been priced out of our house and couldn’t have afforded it. Our house is on a view lot and the new ones almost always sell the same day listed. The only new homes I’ve seen discounted are those undesirables that have an issue like near power lines etc, or they are just needing to close out a village and concentrate elsewhere.

Home price drop for new homes
 

Don’t hold your breath!

During the 2008/2009 housing crises they included some furnishings in the home. They did not drop the price of homes.

Buy a lot or home you will love and just move forward. It’s like trying to time the stock market.

My thoughts exactly - he probably has a home for sale. That has at least a 10 year old roof, older appliances and A/C. With upgrades that probably dont match the buyers tastes, so worthless. I would never buy used - I like new house smell lol. I know every nick and ding belongs to me.

Since 2004 (could be earlier) as a village near completion and new area started. The few Unsold homes were discounted. In your closing paperwork the paragraph “if you DO NOT CLOSE on Closing date” all discounts will be removed. Discounts were a percentage of original price.

Once the agreement to purchase a house is signed, price does not change, up or down.

If you’re a FROG don’t worry be happy.

New

Actually we all know when end of year pricing for cars goes into effect. So yes, this is a serious question and yours was zero help.

Wow! Somebody wants to try to keep their home values up, lol.

O.P. You absolutely should wait. Generally, the longer you wait, the easier it will to see if a price is going to drop.

To prove there was a bottom in prices, you have to start to see prices rise, which may be proceeded by a flat price for a long period of time, or maybe not if certain economic events occur.

I think you need to understand the current market. Next, location is everything. Next, if it's a resale, you don't know if the sellers started to high and are realizing the market is correcting to a buyers market since interest rates are up. In short, you need to decide what the real price will need to be and make an appropriate offer, and go from there.

One thing is certain
 

One thing is certain, prices haven’t started climbing yet. Most have or are still going down.

Yep
 

I have yet to a home here for sale with “price increased”…lol

I do feel we may be close to the bottom, but then again you can never be too sure.

They do not consider offers below the stated price for new homes.

I'm in a 2004 neighborhood, Ashland, and all my neighbors who bought then said the market was HOT, HOT, HOT. If you didn't put your money down the day a site or home came on the market, you lost it to someone else.

Although currently appears true, will the OP only buy with rising prices as proof of rock bottom prices, or will the OP not buy because he waited for rock bottom and missed it. .

buying into a rising market from a substantial period of stable prices is a better bet, but not a guaranteed bet. The future is always uncertain, sometimes more uncertain that at other times. ..

Really? A home in Eastport at 7956 Jeff Anderson Way just increased its price from 325K to 328K. At least according to the RedFin alert I received this morning.