[R&J in NJ]

Hello all,
My spouse and I are seriously considering TV as our retirement destination. We have kept an eye out for resales as well as new homes. We wonder why so many newer homes are put back on the market so soon after purchase. We can only assume the obvious (death of a spouse, etc.) Can anyone shed some light on this? Poor construction, bad neighbors, etc? Thanks in advance.
R&J

[Portia]

Because they buy them with the intention of retirement in the near future ..then put them up for rent for two or three years..

[Bogie Shooter]

Originally Posted by R&J in NJ

Hello all,
My spouse and I are seriously considering TV as our retirement destination. We have kept an eye out for resales as well as new homes. We wonder why so many newer homes are put back on the market so soon after purchase. We can only assume the obvious (death of a spouse, etc.) Can anyone shed some light on this? Poor construction, bad neighbors, etc? Thanks in advance.
R&J

Many different reasons, however, I doubt, poor construction, is a reason.
Also what do you mean by so soon?

[chiefrose]

I've found that many people, myself included, are ready to move up after only a year. Some buy a courtyard and then decide they want a designer home. I bought an interior lot and now want a golf view home.

[Waverunner]

Current new home sales have a restriction in the sales contract. The new home cannot be sold in less than one year or any profit goes back to the seller.

[R&J in NJ]

Hi Waverunner,
I have seen homes for sales that were purchased just one year ago. Purchasing a home is a big expense and selling it only a year later makes me wonder.

[gerryann]

Many reasons that people sell fast.....poor construction is DEFFINETELY not one of them. I would guess neighbors might be #1 reason. Sometimes you get in the home and realize it's too small, too big, etc. Once you live here and get your bearings and learn about other areas, another area might seem favorable.

[angiefox10]

In our hood... One moved for a three car garage, another is moving in with her boyfriend, another wanted a corner lot, one moved out to live by the water in Tampa, yet another to live close to the grandchild, one had an ill spouse and yet another wanted a bigger home.


Homes in The Villages are going up in value ... no money lost. Most of them use The Village Movers who do A nice job and make a tidy little profit in the process. Not many leave The Villages.

This is the short list of why some of the people in our neighborhood of two years have moved. Since most of them are moving to other homes in The Villages... I don't think poor construction is the reason.

Most villages move three times in The Villages.

[R&J in NJ]

Thanks to all who have replied. Your responses make sense and we very glad to hear that no construction issues are the root cause. If most people stay in TV, that is the best reason of all to sell and move into another, more suitable, property. And we are glad to hear that the home retain their value and more when sold.
Again, thank you!

[Bruiser1]

Sales are brisk here. Last year in August 700 homes were sold. September it dipped to only 500 plus. Compare that vs other areas of the country.

I purchased a patio home 10 yrs ago while still working in the Northern part of the country. I looked it as a business opportunity . ( The baby boomers are coming and where will they live?)

When I took early retirement we moved to our villa.

Then we found and incredible house and decided to move. We sold the villa in 3 days.
I live in a great neighborhood with wonderful neighbors.

Seasonal guest in this community used to come after Christmas and depart on April 1st.
More and more people are enjoying the lifestyle and extending their stay.

[Bogie Shooter]

Come and see The Villages in person!

[Bizdoc]

I know of one near my home which sold after wife died.

Keep in mind the demographics of this place. Since "everyone" is over 55, the odds of death, serious illness requiring assisted living/nursing home, etc is *much* greater than general population.

[Shimpy]

Based on my street which has had several homes sales it was because they were upsizing and moving south of 466A. These homes were 3 to 4 years old.
There are also reasons such as the owners find they were spending most of their time in another part of The Villlages and decieded to move there.
Find an area you want and don't be afraid of the quality of the home and neighborhood.

[Barefoot]

Originally Posted by R&J in NJ

.... We wonder why so many newer homes are put back on the market so soon after purchase. R&J

I've wondered the very same thing .. why homes in very new Villages are put up for resale so quickly.
And it actually seems to happen quite often.
Some even have expensive improvements like pools and summer kitchens.

I've always assumed it happens for a combination of reasons:
medical issues, missing the family up north, wanting a different location within The Villages.
Or perhaps, people just picking the wrong retirement community for their needs.

[justjim]

As other posts have said, resales are put up for sale after one, two or three years for many different reasons. Poor construction is not one of them.

There is a "saying" that Villagers will buy and sell three times during their time in TV. Some start with a smaller home, Villa or cottage home, more to a designer or premier and then later downsize. Sometimes it goes the other way.

Prices have increased especially homes with a water or golf course view. Some sell and return back "home" when a spouse dies and some have sold and taken the profit and are renting. Lots of various reasons for resales to be sold after a couple years.