buying new vs resale cyv

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
Thread Tools
  #16  
Old 04-11-2013, 09:09 AM
mickey100 mickey100 is offline
Platinum member
Join Date: May 2012
Posts: 1,829
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by Dr Winston O Boogie jr View Post
Why would you look at it as profiting from someone's misfortune. Why would you not recognize that you are helping someone out of a bad situation.

I bought my house from a guy that had to move back up north and needed to sell in a hurry. He was very happy to take a small loss and was grateful that I came along. Another house in my neighborhood sold because the owner had died and his kids wanted nothing to do with it. They were very happy to take an amount considerably below market value to get the thing off their backs.
Absolutely. My neighbor's husband died and her house sat on the market for almost a year. She was living up north with her kids and had to continue to pay the monthly amenity fees, utilities, insurance and taxes while the house was unoccupied. She was thrilled when she finally was able to sell it, although considerably less than what she was asking.
  #17  
Old 04-11-2013, 09:12 AM
John_W's Avatar
John_W John_W is offline
Sage
Join Date: Jan 2011
Location: Tamarind Grove
Posts: 5,741
Thanks: 1,330
Thanked 1,906 Times in 798 Posts
Default

Quote:
Originally Posted by mickey100 View Post
As others have said, its a mix of pluses and minuses. The price you actually pay for a used villa will be less than the asking price. And you will have less or no bond to pay. This could easily equal $20K, ...
On CYV's the bonds aren't as high as single family cottages and designers. Our 2011 masonry CYV bond was $14,000. I believe we paid about $1100 on our tax bill last year for the bond. I think our current payoff is about $13,700 if we wanted to do that later this year.


.
  #18  
Old 04-11-2013, 09:23 AM
John_W's Avatar
John_W John_W is offline
Sage
Join Date: Jan 2011
Location: Tamarind Grove
Posts: 5,741
Thanks: 1,330
Thanked 1,906 Times in 798 Posts
Default

Also, just two weeks ago our neighbors from Connecticut who don't retire for 7 more years, we would see exactly every three months for one week. This last time they decided to sell the 2BR Marathon CYV and buy an Arlington CYV in Sanibel that was well over $200,000. In one week's time, they listed their home and bought a new home, before the week was up they sold their two year old home shown below.

Yesterday I met the new owners, they have closing today. The home was purchased for $161,000 in 2011 and was furnished nicely by Southern Lifetstyles and landscaped front and back by Mansfield. They listed the home for $199,000, which I thought was pretty high and sold it in two days. I don't know the purchase price but the seller said he made over $20,000.

The Villages Florida

Properties of The Villages

The info is still up today, but it may come down soon since they are having closing today Thursday 4/11/13.


.
  #19  
Old 04-11-2013, 10:17 AM
Bonnevie Bonnevie is offline
Gold member
Join Date: Jul 2012
Posts: 1,362
Thanks: 8
Thanked 367 Times in 129 Posts
Default

so figuring he had the realtor fees, he probably got close to asking price
  #20  
Old 04-11-2013, 11:41 AM
Ohiogirl Ohiogirl is offline
Gold member
Join Date: Oct 2008
Location: Seasonal Villager - summer in Columbus, OH
Posts: 1,486
Thanks: 0
Thanked 1 Time in 1 Post
Default

Quote:
Originally Posted by hope2soon View Post
right now, it seems like the cyvs between 466 and 466A are rather pricey with not much in the way of improvements. I don't blame the owners for trying to get the most they can and during the winter months cyvs flew off the market--I know I watch closely. Even the ones with the bonds paid are rather pricey and they would require some serious updating. I know you can offer less, but right now, I could get a new 3BR for what some of the 2BRs are going for even taking the bond in consideration. Like I said the ones in the middle of TV seem to be trying to capitalize on location and don't seem to have done a lot of improvements. Some seem like former rentals and literally have no upgrades.
Guess it just depends on what's on the market. A former rental (2BR CYV) just sold in our 2006 built neighborhood - no improvements that I saw online. But I would guesstimate that only 10% or less in our neighborhood are rentals. Most of us have done combinations of major landscaping, driveway painting, birdcages, lanai enclosures, window tx, flooring replacement, inside painting, storage space in attic, etc., plus our initial bonds were about $9,600.

Maybe rental owners are finally able to not lose money when they resell and are getting out of the rental business - they have probably found out that it is not an easy way to make money.

Yes, our roofs and HVAC systems are now 7 yrs old (some have transferrable 10 yr warranties on HVAC systems). Some window tx are very specific but many are things like upgraded blinds and inside shutters.

Just saying don't rule out resales.
  #21  
Old 04-11-2013, 01:30 PM
Bonnevie Bonnevie is offline
Gold member
Join Date: Jul 2012
Posts: 1,362
Thanks: 8
Thanked 367 Times in 129 Posts
Default

I don't intend to...am planning to look at some this weekend...along with new ones...hoping as someone said, I'll just know when I see it
  #22  
Old 04-11-2013, 09:39 PM
LynnDeb's Avatar
LynnDeb LynnDeb is offline
Senior Member
Join Date: Nov 2012
Posts: 318
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to LynnDeb
Default Resale

Quote:
Originally Posted by Heartnsoul View Post
the ONLY way you probably won't change anything is to design yourself which of course includes possible higher price, bond, taxes etc.. Resales can be great. Lots of people already did landscaping, floors, countertops, etc.. so great possibilities and may not even have a bond. You may not like certain things but can always change in time. Take your time and look, look, look. It will be fun either way to get the place exactly how you want it to be. Good luck
We bought a resale North of 466, no bond, mature landscaping and very little to change out...
  #23  
Old 04-11-2013, 10:13 PM
CFrance's Avatar
CFrance CFrance is offline
Sage
Join Date: Dec 2011
Location: Tamarind Grove/Monpazier, France
Posts: 13,690
Thanks: 265
Thanked 831 Times in 396 Posts
Default

Also, see this thread about insurance companies denying sinkhole insurance to many used homes. http://www.talkofthevillages.com/for...-buyers-74817/

This would be a killer for me.
  #24  
Old 04-11-2013, 10:29 PM
Barefoot's Avatar
Barefoot Barefoot is offline
Sage
Join Date: Jul 2007
Location: Winters in TV, Summers in Canada.
Posts: 17,648
Thanks: 1,435
Thanked 177 Times in 124 Posts
Default

Quote:
Originally Posted by Heartnsoul View Post
the ONLY way you probably won't change anything is to design yourself which of course includes possible higher price, bond, taxes etc.. Resales can be great. Lots of people already did landscaping, floors, countertops, etc.. so great possibilities and may not even have a bond. You may not like certain things but can always change in time. Take your time and look, look, look. It will be fun either way to get the place exactly how you want it to be. Good luck
I think you get way more for your money with a resale. Not only is the price negotiable, and probably the bond is lower or paid off, but it probably includes some pricey updates like a birdcage, solar tubes, glass front door, landscaping, attic stairs, summer kitchen, hot tub, painted driveway, etc.

I highly recommend the Village of Belvedere which is delightfully central and 5 minutes by golf cart to the library, Publix, restaurants, Walmart, Bealls, Ace Hardware, and a plethora of shops.
__________________
Barefoot At Last
No act of kindness, no matter how small, is ever wasted.
Saving one dog will not change the world, but surely for that one dog, the world will change forever.
Closed Thread

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 08:29 AM.