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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. |
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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.
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It certainly happens
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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 |
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Thats life. Offer a price $20 K lower. |
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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.
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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.
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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.
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Homes new
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