Originally Posted by Pondboy (Post 2405525)

In Florida, a “Hammock” is a large stand of hardwood trees and palms that grow on slightly elevate land. The beautiful village of Hammock @ Fenney has such a feature, hence the name.

We are not “whining” about the development, you’re just reading the sensational headlines of an on-line local “National Enquirer”.

Originally Posted by FloridaGuy66 (Post 2405597)

The Hammock of Fenney is adjacent to the Village of Fenney, how can something adjacent be far? Even the furthest part of the Village of Fenney from Hammock of Fenney is no more than 5 minutes away.

Originally Posted by asianthree (Post 2405517)

Our first visit in TV was the free for all buying of “07”, from 2010 until 2014, our first 3 homes we had 1 hour to take the home. Today It’s far more competitive for certain new Villages, than previously. So here is actual experience of how specs and lots now happening in TV.

The lottery as you are questioning, isn’t a lottery of sorts. Your VLS guy 24-48 hours receives a list of sites that will be released either a build lot or spec home. Every VLS agent has the same info to give to their potential buyers. Then the VLS agent has a list for each lot or home, with all of his clients that would like those properties. With over 350 VLS agents also have the same property and more or less potential buyers.

On the day of release at 0800 the sites go live. Up to 350 agents are clicking each property. By 0805 95% of all properties have anywhere from 1-2 names to over 40. Each agent can screenshot to their customer the list of where their name is.
So out of 15 build lots, we were 5th to 43rd on the list.

We were first on #16 lot release. Not the ideal lot, but checked off model fit, view lot, stretch 6’ front and back, room for small pool. What we didn’t get was lot stretch sides, no 3 car garage just a golf cart garage, larger lot for bigger pool.

After we wrote $10,000 check to lot #16, we continued on 5 more build lots that would have fit more of our needs. We were #2 on 3 lots, and #11 and above on the last 2. If we would have taken one of the last 5 lots we would have lost our $10,000 deposit on lot #16.

Originally Posted by Nana2Teddy (Post 2405792)

We tried 4 times for a veranda home in Richmond with no luck. We were #2 once, but #1 bought it. We then went to an open house in DeLuna for a veranda Mason and decided to buy it even though it didn’t check all of our boxes. Most, not all. We’re still happy two years later, and not the least bit tempted to move down to Eastport. We like being close to Brownwood, and an easy cart ride up to Lake Sumter Landing, but it’s also an easy cart ride to Eastport area. Plus we’re 5 minutes from the 301 turnpike onramp for Disney trips and other trips outside the bubble.

Originally Posted by Normal (Post 2405689)

Sure, it’s very close to 75 and could generate real profits for the right company. It has to happen sooner or later. The cement factory down the street is generating record profits even though it basically is in downtown Middleton.

Originally Posted by coffeebean (Post 2405839)

Speaking of the cement factory.......Hubby and I took a drive down south for a look see. OMG......the cement factory looms over some of the homes. What an awful awful view.

Originally Posted by asianthree (Post 2405840)

It doesn’t mean the facility won’t eventually move farther south, as buildings in the general area will be completed.

Originally Posted by MikeN (Post 2405877)

So true. We have a 3/2 corner lot veranda and it’s been on the market for four months. Little interest. Gutters, lanai shades, updated landscape, three car garage, water softener etc. the issue is the developer has these half million dollar fixer uppers for a seemingly bargain but aren’t when you factor in all the improvements

Originally Posted by bonbonn (Post 2405881)

I dont think any home in the village is worth what they are charging. They create a frenzy and people follow. there are plenty of homes for sale dont fall for the frenzy. For me I would buy outside the village with some land and more south its warmer.

Originally Posted by bonbonn (Post 2405881)

I dont think any home in the village is worth what they are charging. They create a frenzy and people follow. there are plenty of homes for sale dont fall for the frenzy. For me I would buy outside the village with some land and more south its warmer.

Originally Posted by Bill14564 (Post 2405473)

Saw a recent article about a home where the owner wants to double the price in just 24 months. Could be a large amount of work went into a newly constructed house but seems more like shooting for the moon.

Originally Posted by ChezD (Post 2405954)

If you look back historically, IMO, hasn't that always been the investor’s goal?

Originally Posted by dewilson58 (Post 2405944)

You're right, purchased 10 years ago and the value has more than doubled.

Oh wait, nevermind.

Originally Posted by Normal (Post 2405981)

Certainly not the fast cash some try to achieve, but reasonable just like a 10 year bond. Maybe just a little more risk and maintenance though.

Originally Posted by Normal (Post 2405879)

We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early for now. Lending rates are staying the same and insurance is only going up. We will likely see the 75 days on market phrase and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine drops on the market with the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.

Originally Posted by twoplanekid (Post 2405990)

Sale of new homes in The Villages by year
Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429 307,000
2020 2,452
2021 4,004
2022 3,923
2023 3,029 410,000
2024 3,208
_________________

Originally Posted by dewilson58 (Post 2405470)

New South is cheaper than developed North??

See a lot of "Northern" properties for sale by owners thinking, "Well if I can get this price, I'll move."

:posting:

Originally Posted by DonnaNi4os (Post 2406000)

I believe the opposite is true. The bonds alone are much higher in the southern end. They have to build new infrastructure which is expensive.

Originally Posted by jimhoward (Post 2406018)

Here is one concrete example illustrating why I think existing homes sit on the market a relatively long time.

Three beautiful new Veranda homes were sold in Water's Edge last week in a lottery. They had greatly oversized lots, overlooked a pond, and had pools and big bird cages. Absolutely gorgeous. They sold the homes for $690K, $763K and $786K. A Maybury and 2 Jacksons.

Now look on thevillages.com and on Zillow for pool homes with large lots, overlooking water or some spectacular view. You will find a few but none with an asking price less than $1M and typical is about $1.1M. I am sure the owners put money into them, but even so I think it is little wonder that people clamor to buy new homes.

The only new houses that sit on the market for a long time are on interior lots.

Originally Posted by vintageogauge (Post 2406161)

It has always been that way, there are a ton of interior homes for sale, take your pick both new and pre-owned however the new ones are cheaper. Now go try to find a designer on a view lot without a pool, very, very few in either pre-owned or new and those are the homes that are sold quickly, 4- bedrooms even more scarce.

Originally Posted by asianthree (Post 2405553)

What percentage do you really believe Don’t have a clue about a Bond? The bond stays with the house as it is sold, rarely do you find new home with paid bond. Our last four houses sold with bond in place, not a surprise to anyone bidding on the homes. I must give too much credit to those buyers in TV, not buying with blindfold on. Even my parents in their 80s asked balance of bonds. according to you most are just clueless and bonds are hidden in the fine print.:faint: or maybe it your personal experience that you didn’t see the bond fine print and are warning all.

Originally Posted by asianthree (Post 2406168)

4/3 with 2800sf and more with 800+sf garage and huge lanais, add a view, rarely hit the market. Most agents have a list of clients looking for those homes.

Originally Posted by DAVES (Post 2406482)

Reminder different strokes for different folks. "Last four houses." You must be running a business buying and selling homes.

Originally Posted by MikeN (Post 2405877)

So true. We have a 3/2 corner lot veranda and it’s been on the market for four months. Little interest. Gutters, lanai shades, updated landscape, three car garage, water softener etc. the issue is the developer has these half million dollar fixer uppers for a seemingly bargain but aren’t when you factor in all the improvements

Originally Posted by Normal (Post 2405879)

We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early March for now. Lending rates are staying the same and insurance is only going up. We will likely see many homes at 75 days on market and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine shine on the market after the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.

Originally Posted by bonbonn (Post 2405881)

I dont think any home in the village is worth what they are charging. They create a frenzy and people follow. there are plenty of homes for sale dont fall for the frenzy. For me I would buy outside the village with some land and more south its warmer.

Originally Posted by DAVES (Post 2406525)

Forgive me. So why read and post here? There are tons of alternatives. Before moving to the villages I became aware of an Island for sale off North Carolina. It was like 10 acres, the house looked to be in good shape and it had a small herd of wild horses. I had it all figured out set up my own kingdom. Seems the Queen did not like the idea. Not sure. After the hurricane, it might be underwater.

More land? Coincidence ot related to my, not bought kingdom. A former business associate bought 180 acres off the beaten path in N. Carolina. He, his brother and their wives or girl friends live there. I've never been there but it is low land with a stream between mountains. I've not heard from him since the hurricane.

Point is you can be happy or not anywhere.

Originally Posted by DAVES (Post 2406519)

For what it is worth,"now is neither the time to sell or the time to buy." That is true of everything. I think of a deer in the headlights of a car. Go forward, go back or stand still. We do not know what the future will be. That mentioned deer, makes its own choice which is what we all must due. Shoulda, coulda, mighta simply does not matter. It is hard to accept. INFLATION was 25% the past four years. Based on HISTORY prices will not go back to what they were four years ago unless we have a serious recession called a depression.

How to decide what to do. Old school perhaps. Write it down on index cards-it forces me to think clearly and commit. Exchange your pile of cards with others involved-wife-kid and or. That can be a surprise-all may not think the same or think The Villages or even Florida is what fits.

Finance? What can you afford? Wherever your money comes from is it secure? Many people think SHOULD BE. Problem is SHOULD BE by definition is not. We must decide by what is not by what should be.

Originally Posted by jimhoward (Post 2406018)

Here is one concrete example illustrating why I think existing homes sit on the market a relatively long time.

Three beautiful new Veranda homes were sold in Water's Edge last week in a lottery. They had greatly oversized lots, overlooked a pond, and had pools and big bird cages. Absolutely gorgeous. They sold the homes for $690K, $763K and $786K. A Maybury and 2 Jacksons.

Now look on thevillages.com and on Zillow for pool homes with large lots, overlooking water or some spectacular view. You will find a few but none with an asking price less than $1M and typical is about $1.1M. I am sure the owners put money into them, but even so I think it is little wonder that people clamor to buy new homes.

The only new houses that sit on the market for a long time are on interior lots.

Originally Posted by shut the front door (Post 2406579)

Have you ever considered that those of use who have a pool home with an outdoor kitchen backing up to a lake and no kissing lanais aren't going anywhere? You can find houses such as these if you look carefully, but most of us who have that and paid $350k for it 15 years ago aren't selling. EVER. And those homes down south aren't any cheaper when you throw in that 50k bond.