[Plinker]

Originally Posted by FloridaGuy66

Talk about pushing a narrative based on extremely suspect data.

I don't even understand why some of these current TV homeowners are obsessed about being doomers with the market here. If you already bought, who cares about what the new prices are or how well the new homes are selling? I bought 3 years ago and I personally don't really care one way or the other. That would like like number 1000 of the things that I would care about.

Totally agree. The only two people who care about the value of our home is our daughters.

[graciegirl]

Originally Posted by Normal

With a real buyer’s market emerging in the Villages Florida, you may want to seriously watch any contracts you might be pressured into signing. Be prepared to write contingency requirements on any contract if you do take the plunge on a buy during the fall winter sales seasons when sales are at their lowest point.

Florida leads the nation on CANCELLED CONTRACTS. Neighboring Orlando is ranked number one in buyers cancelling with cold feet before a close.


In Orlando, about 900 home-purchase agreements were canceled in June, equal to 20.8% of homes that went under contract that month—the highest percentage among the 50 most populous U.S. metropolitan areas. Next came Jacksonville (20.5%), Tampa (20.5%), Las Vegas (20.2%) and San Antonio (19.9%).

Note, Florida has the top 3 spots. Make sure you aren’t stuck on the hook for a foolish impulse buy. Prices are taking the plunge right now.


Homebuyers Backed Out of Deals at a Record Rate in June

More people are trying to buy in Florida than any other place as well. I read something different in this;

Buyers backing out of deals in record numbers as market shifts

[Normal]

Originally Posted by graciegirl

More people are trying to buy in Florida than any other place as well. I read something different in this;

Buyers backing out of deals in record numbers as market shifts

https://www.**************.com/2024/...-the-villages/

Great Article!

Read this morning. Investment group lost money on their recent Villages home purchase. Paid 481,500 a couple years ago, but now are selling it for 425,000. The Villages real estate market certainly is not a get rich quick investment. If you want to move here, don’t focus on real estate profit, focus on life style where it doesn’t matter if you gain or lose value on your home.

Most of us love living here! It just bothers me when some paint it all a bed of roses. It isn’t. It’s what you make it. There is nothing wrong with having ups and downs. Right now if you are a buyer, you rule in negotiations.

[vintageogauge]

Timing. In any investment that is the key word.

[Snakster66]

Originally Posted by vintageogauge

There is only one 4 bedroom home on water for sale and only twenty six 3 bedroom homes on water for sale via TV agents, they are not struggling to sell. I agree that homes on interior lots are struggling as there are so many of them available both re-sale and new.

Premium lots are not just water lots (golf course lots count).
VLS is not the only place these are sold.
I assure you, there are/have been homes on premium lots that have struggled to sell this year.

[Jayhawk]

Originally Posted by Normal

https://www.**************.com/2024/...-the-villages/



Most of us love living here! It just bothers me when some paint it all a bed of roses. It isn’t. It’s what you make it.

I guess some of us are "glass half full" people. I look at this deal as a property bought by an investment firm to RENT it out, which is just what they did apparently for 2 years. If they averaged $2,400+ per month(their last posted amount), they may have generated $60,000 +/- in income. And as a rental, they could depreciate the cost of the home for all the time they own it. Not impossible that they end up making $20-40,000 including tax treatment on their investment for a bit over 2 years.

[Velvet]

Originally Posted by Normal

Yes, there are hundreds of other homes for sale if the seller chooses not to offer concessions.

Prices are down and inventory is quite high.

So, how many people in “the inventory” are desperate to sell? Maybe some estate sales… why would investment buyers sell now with rents so high…

[DrMack]

Originally Posted by Jayhawk

I guess some of us are "glass half full" people. I look at this deal as a property bought by an investment firm to RENT it out, which is just what they did apparently for 2 years. If they averaged $2,400+ per month(their last posted amount), they may have generated $60,000 +/- in income. And as a rental, they could depreciate the cost of the home for all the time they own it. Not impossible that they end up making $20-40,000 including tax treatment on their investment for a bit over 2 years.

We are renting our house out. It isn’t all it cracked up to be. Taxes and the District bill eat up a lot. The rental management eats up some and we still have taxes for Leesburg, Lake county and the school district. I promise you, they didn’t or aren’t going to make out.

[vintageogauge]

Originally Posted by Snakster66

Premium lots are not just water lots (golf course lots count).
VLS is not the only place these are sold.
I assure you, there are/have been homes on premium lots that have struggled to sell this year.

I'm was only referring to water front properties, they are very scarce and sell quickly. The homes on other "premium" lots are harder to sell.. I've lived on a golf course as well as water front and much prefer the water. With many or most of the golf course lots you lose privacy as well as peace and quiet from the golfers, their gas carts, the maintenance crews, etc. all just beyond the lanai. They seem to develop lots along the cart paths and at tees and greens. If you are lucky enough to find one away from the paths, etc. you will pay dearly for it. This is just my opinion after living on both, many people enjoy the constant flow of golfers while relaxing on their lanais, I enjoy quiet nature.

[Snakster66]

Originally Posted by vintageogauge

I'm was only referring to water front properties, they are very scarce and sell quickly. The homes on other "premium" lots are harder to sell.. I've lived on a golf course as well as water front and much prefer the water. With many or most of the golf course lots you lose privacy as well as peace and quiet from the golfers, their gas carts, the maintenance crews, etc. all just beyond the lanai. They seem to develop lots along the cart paths and at tees and greens. If you are lucky enough to find one away from the paths, etc. you will pay dearly for it. This is just my opinion after living on both, many people enjoy the constant flow of golfers while relaxing on their lanais, I enjoy quiet nature.

Thank you for the clarification. On this I believe we agree.