New home Prices Continue Down
 

Anyone have any idea how low prices will go. I just saw a new 1527 Sq Ft Bougainvillea with a Florida room for 162,352 in the February listings. I though the winter months was the best for selling.

???????Now really. Do you think anyone can answer that question?

I think summer is a better time for selling a home in TV. People visit in the winter, they go home and try to sell their homes, then..if successful, they return and buy their new or resale home. Prices have dropped in TV, but not as much as in many other areas of the country. Should I decide to buy yet another home down here, I would definitely go resale. Some people have no clue how much they will spend after the sale on myriad improvements...many of which are necessary. Factor in bond savings and you may find a fabulous deal.
Everything is cyclical. One day in the not so distant future, I think houses in TV will be a hot ticket. Get 'em before they are hot!;) Every Grandkid I know wants to live here now!!

Just curious,
is that a brand new unit, sold through TV? or new as in a new listing in one of the MLS realtors?

It's a brand new unit, sold through TV

NY - I see that one right here:http://www.thevillages.com/homes/new...&sid=799196964

I think that one may have a little issue (looks like power lines right behind?). It is the only one much under 200K.

But I do agree that there are some good prices on new right now (plus bond of course).

I like this style here: http://www.thevillages.com/homes/new...&sid=799190685

Russ,

I like the Begonia too. When at our house in TV in December we were able to tour that model, I liked the floorplan. That particular house has barely enough room to walk around without stepping in your neighbors yard. Way too close for me.

That would be why it's only 230K. I do like the layout but not with back to back lanais.

Russ,
do you have your heart set on a brand new unit? Some friends of mine recently bought brand new, and they were showing me the closing sheet.

Add the bond, and the various fees that come along with buying brand new, and while the "sale price" was 240g, by the time they were done the actual cost was more like 280.

BTW, that IS a nice house.

Dan L

I saw one at 169K in Hadley. This style you step immediately into the living room. It has a square tiled area but no defined entry.

I won't be buying until (at least) next year. I know, from TOTV, that there will be some extras when purchasing new so I'll take that into consideration. I'm open to either new or preowned.

This is the one I saw in the low 160's

http://www.thevillages.com/homes/new...00711404&from=

2 years ago friends in Sable Chase bought an Amarillo that paid 20K more didn't even get blinds or fans. Good ol economy. :yuck:

Russ:

I agree this is the new concrete construction home they are starting to build.

Unless the bond is paid off the unpaid balance will be included in the closing statement on a pr-owned sale. The amount will depend on the original amount and number of payments. The original amount will be much less on an older home and more payments will have been paid.

A critical question when buying a pre-owned home: "What is the balance of the bond?"

Some homeowners have elected to pay off the bond. There is an opportunity to do this once a year.