Resale homes priced higher than new?
 

Just wondering why some resales are priced so much higher than a new home? Looked at new At Ease Cottage homes with prices in the $160K range. Saw some resale At Ease models in the $190K range. I do understand if the resale has extensive upgrades, premium lots, but most of the resales seem to be the same as the new. $30K seems to be a hugh difference. You could do a lot of upgrades with $30K on a new home. Can anyone explain this? I've seen the same on CYV'S. Thanks

Easy, not worth inheriting someone else's ideas and older neighborhood.

We bought new, found it a better deal as you are seeing.

Perhaps...
 

Kevin, it would vary from home to home, of course, but location may be a large factor and consider there is no leeway for negotiation when purchasing new from The Villages whereas a resale may adjust down $10,000 or more in the final offer, extensive upgrades can add up here in a hurry. An excellent landscaping job alone could add $10,000 to $12,000. I would definitely consider a resale along with a new home.

Also don't forget to factor in the bond. Many resales have much lower bonds or no bond at all.

Yep, the price includes the bond and possible upgrades. The folks that swear by the pre-owned homes are usually talking about older homes that had the aforementioned low or no bond.
I'll pay the bond and start with a clean slate. Wait .... that is what we did! :icon_wink:
Don & Kaz

Keep in mind that a realtor will often throw anything against the wall to see if it sticks. I've been told by several reliable sources "in the know" that the average resale closes at about 88% of asking. That includes Villages Properties pre-owned sales which publishes a higher statistic that includes their new homes which have minimal discounts.

Keep in mind that a new home is sold quite bare bones; no screen/storm doors, curtains, builder grade appliances fixtures and lights, minimal yard plantings etc. Ask anyone who bought new, there is usually a lot more "after spent" to make the house a home.

The bond is no big deal, $100 month should not push you to buy a resale.

Landscaping I want to design my own.

I want to start with clean and new, along with the new building code, also new U can get sinkhole, in a resale U can't get it !

That alone offset the bond issue.

Also U have 5 years on termite protection.

I bought a resale home about 3 years ago. I needed a home quickly (due to some issues) that did not allow time for a home to be built. It has loads of great extras that would have cost me thousands in a new home. It has an extremely low bond ($2,000) and similar new homes were $20,000 bond 3 years ago. Now, they are $23,000 to $50,000.

The seller was motivated to sell. He included 3 year termite and bug protection as well as 2 year complete warranty.

I have had no problem getting sinkhole coverage insurance each year and even a decent ($500) deductible on it.

But, each to their own. I have no doubt that your new home will be great and you will be (or are?) a very happy Villager.

I don't think a home that had a bond of 20K 3 years ago is now $50K, mine is about 21K on a new designer.

R U sure that's not just catastrophe sink hole insurance which is standard by state law?

But as long as it's what you want but the OP asked about price and value, a newer home down the road may have a higher resale just because of its age.

Main thing is you're happy with what ever the choice is.

Never considered the 5 year termite protection or the newer energy efficient windows, HVAC, or current building codes. All of the responses have been appreciated. I am gaining more food for thought from the wise TOV members.
:bigbow:

Kevin, another consideration for your tastes or resale is the location of train tracks, sewage plants, the land fill on the south side of 466a and any other type of fixed usage that may bother you or your wife. These items may also factor into resale value. Some people are not concerned by these factors but we have also heard complaints from people who felt they were deceived and wouldn't have bought where they did if they were aware of these installations.

Some resales are priced higher than market. Some sellers think their home is worth more than it really is and some are looking for a big profit. Most would be Villagers are pretty "sharp" about the home market. However, occasionally not! If you are looking for a "real bargain" such as a "sacrifice sale", hard to find in TV by the average buyer. A resale with a fair market price, however, is out there. Bottom line, it really does depend on your preference and desired location. Good luck.

One recent resale
 

that sold within two weeks.....Mira Mesa Golf Course view, Lake view, premier, pool, NO Bond $274,000 asking price....Wow!...someone got a deal!...I would look at everything BUT sure love lots of trees, something that will be in the future south of 466...

Good info....but we HATE TREES. We are tired of a half acre of constant sticks, leaves, Hickory Nuts, Acorns, grass, etc. No green, just concrete sounds great! :1rotfl::1rotfl::wave:

The designer home bonds now are higher than what mine was. The $50K is for a new premier home.

Yes, I have had no trouble getting sinkhole insurance on my homeowner policy. I do not mean the catatrophic ground collapse which is standard.

Value wise, I still think the resale is better. However, the new homes are selling like hot cakes for a good reason. They are great houses and people love The Villages. I know I do!