Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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#1
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Exact age restriction rules to buy and live in the villages
I will be retired in less then a year and looking to buy/live in the villages. I (alone) am much less then 55 however. If the villages realtor allowed the exception, can an MLS agent as well if I found a resale home through them? Thanks in advance.
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#2
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Your age will not be a factor. Laws allow for up to 20% below the age of 55 to live in a retirement community
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#3
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BUT you can't buy or live here if you are under 19. I have noticed that there are a lot of old people who live here. Hope you enjoy old people.
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It is better to laugh than to cry. |
#4
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In 2004 at age 45 I tried to buy a new home but was told they reached the 20% level. I was told you could legally buy a resale. So they sent me to First Village Realty which at the time was a Villages mls company. We bought a new home that was being flipped by a couple who at the time bought 3 homes. One to live in and 2 to flip. They closed in August 04 and paid 164k we closed in October 04 for 208k.....ouch! All worked out we sold for a profit and eventually bought a new home in TV.
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#5
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No old people here, GracieGirl, just young people with a lot of experience :-)
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#6
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Consider
You could consider Oxford Oaks which is just outside TV at 466 and 301 near the high school. They will soon be getting a community pool. The homes are the same models as TV homes however no bond.
Oxford Oaks | A Gated Family Community Near The Villages Florida |
#7
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There seems to be a lot of posts in the last couple of days that are critical of Villages agents and some asking unusual questions and some bringing up controversial topics about MLS and Village Agents. But it is nice to hear from a lot of new people.
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It is better to laugh than to cry. |
#8
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Due to federal housing laws there can be no discrimination due to age. The ONLY exception is a community in which there are at least 80% homeowners over the age of 55. If the Villages were to exceed the 20% under 55 limit we would no longer be able to keep this as a senior community and would have to allow anyone to purchase homes. I have a hard time understanding how someone could be told that they could buy a resale even if it exceeded the 20%...I get the feeling that there was some miscommunication. One of the posters stated that the 'agent' would allow the exception. No matter who the agent is, MLS or otherwise, the agent cannot break federal housing laws.
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#9
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Where does one find the current percentage?
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#10
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#11
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You can't find it. It's not communicated to the public in any way that I have observed.
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#12
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No matter how many times this comes up, people still mis-quote the law. Possibly 80% of the people cannot remember what happened a week ago (me included ).
Nothing to do with ownership, nothing to do with population, they do not HAVE to allow 20%. Anyway, see question #3 here: https://portal.hud.gov/hudportal/doc...d=DOC_7769.pdf
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#13
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There is no age requirement for resales.
Nobody keeps track of the ongoing day to day age mix present in TV. How would they ever know? I know when we bought and had our home built there was some chatter that new sales had to adhere to a certain mix...maybe the 80/20 split. Resales? Requirements....approved loan or big enough check!!! |
#14
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The Villages rule is that no one under the age of 19 may live in The Villages full time. No one under the age of 30 may use the adult pools. It is possible, albeit extremely unlikely, that 80% or more of the residents in TV be under age 55. The Villages keeps records by the amenity bills and resident passes that they issue. They do not make those records public.
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The Beatlemaniacs of The Villages meet every Friday 10:00am at the O'Dell Recreation Center. "I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend." - Thomas Jefferson to William Hamilton, April 22, 1800. Last edited by Dr Winston O Boogie jr; 09-28-2016 at 01:08 PM. |
#15
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I'll bite. Do you plan on living here full time? Do you have a lifestyle that would fit well into a retirement community?
I never felt the need to post my age, race, religion, or political party.
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When all else fails, take a nap Carrie Sue Day Snelgrove |
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