[Spectreron]

Page A2 of today's Daily Sun shows several new homes with $50,000 discounts. I think prices got ahead of themselves!

[Chi-Town]

I have noticed that Zillow's valuation of my house has gone down somewhat lately. 1-2%

[justjim]

A discount on certain homes is not new for The Villages. Many times the homes are discounted to complete a street or a Village, other times it might be for inventory purposes.

One thing for sure, they know what they are doing and their marketing is A plus!

[Cantwaittoarrive]

I think it's impossible to know if the discount is real. The same model of a house will be listed for a wide range of prices and it's not always because it's a golf front. There seems to be a wide range of variables that make a lot "premium"

[mickey100]

I've been seeing some preowneds offered by ThecVillages that are sitting on the market longer than you'd expect. The prices seemed a little high to me, and I guess to potential buyers as well.

[dewilson58]

Originally Posted by Cantwaittoarrive

I think it's impossible to know if the discount is real. The same model of a house will be listed for a wide range of prices and it's not always because it's a golf front. There seems to be a wide range of variables that make a lot "premium"

True.......The house with a $45k discount is sitting on a lot that had a ~$200k premium.

[The O's]

We are currently looking at homes. The first thing we do is check the Auditors page to see when the house last sold and what the price was. It appears that a lot of the homes on TV website are listed at $40-50k more then the purchase price. Many of those homes were sold in the last 2-3 years. Just because the new home prices are higher doesn't automatically mean that pre-owned have the same increase. I believe that the pre-owned homes are going to sit on the for sale list for longer periods of time because sellers are greedy. But, that's just my $0.02.

[TraceyMooreRN]

Be careful when you buy a new home with a "Discount". We bought our home 3/2013 and were thinking we got a 9500 discount--Appraisal came in 2000 above list price after the discount. Not much of a bargain--but I loved the house, so I was buying it with or without the discount!

[graciegirl]

The worth of a home is what they sell for. Our village is two and a half years old. It has 53 homes. In that time five homes have sold quickly and for a quite a bit more than what was paid for them.

[jojoin]

Originally Posted by The O's

We are currently looking at homes. The first thing we do is check the Auditors page to see when the house last sold and what the price was. It appears that a lot of the homes on TV website are listed at $40-50k more then the purchase price. Many of those homes were sold in the last 2-3 years. Just because the new home prices are higher doesn't automatically mean that pre-owned have the same increase. I believe that the pre-owned homes are going to sit on the for sale list for longer periods of time because sellers are greedy. But, that's just my $0.02.

I live in a village that is about 3 years old. There have been several resales on my street and a few streets over which sold very quickly & for asking price....40-50K more than original sale. Surprised me, too. They were all listed by the Villages Sales so maybe, they know what the market will bear.

[getdul981]

When you consider the previously owned homes at a higher price than original, you also have to figure in any and all upgrades and/or improvements. Most people upgrade their landscaping and many change the carpet to tile or laminate. Also, there's granite counter tops, closet shelves and the list goes on and on.

We have upgraded out landscape, repainted, replaced carpet with laminate and added crown molding. We've also expanded the lanai and golf cart garage. I certainly would not consider selling at our original purchase price.

We aren't looking to sell any time soon either.

[john2]

I spent 100,000 repairing and improving my house and property so when I put it up for sale I am NOT being greedy!!!

[mickey100]

I think too it depends on where the preowned home is located. Central locations within the Villages or prime waterfront/golf course lots will command higher prices than less desirable locations/lots.

[l2ridehd]

Sales always slow down a bit this time of year. June July and August see a dip of about 20% in volume over the other months. Less people, less sales. And if someone really has to sell, than the price my be lowered a few % to get it sold. I would guess this is a great time to buy as prices will go back up again come September and October.

[justjim]

Originally Posted by Chi-Town

I have noticed that Zillow's valuation of my house has gone down somewhat lately. 1-2%

It has been my observation that Zillow does not have a good "handle" on TV properties. As we know, TV is a unique place, I would trust one of the local real estate agents before counting on Zillow for what your home might be worth in TV or elsewhere.

County records are a very good source for trends in Real Estate. As it has been said many times, ALL REAL ESTATE IS LOCAL.