Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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If you are selling for less, you will buy for less.
Our greatest property coup was selling a home definitely below what we had hoped for, but buying another, that at the height of the market, we would never have looked at, let alone afforded. The seller was more desperate to move than we had been. Job relocation can be a bitch at times. Went up three rungs on the property ladder in one hit. There is always a deal somewhere! |
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Last edited by Randall55; 03-27-2024 at 03:17 PM. |
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The low mortgage rates were big drivers of housing inflation. Where are mortgage rates now? What do you think happens to housing if we have any type of recession (small or large you know where housing prices will likely go). Case-Schiller shows we've had decreases in housing prices over the past 2 months - before that, historically, the US had the biggest run up in housing prices over just a few years. Many homes across the US (not just The Villages) increased 40-100% in equity over the past 2.5 years. They may drop just as quickly (or not). Regardless I don't want low mortgage rates financed by savers like myself. I don't think I'm wealthier because my home is worth more now - I'm poorer due to inflation.The dollar buys FAR less today than it did 4 years ago. 20% less.
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Last edited by margaretmattson; 03-27-2024 at 06:09 PM. |
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Buyers are rushing to be the first to buy in the Eastport area. It is a large community! One localized area seeing great sales does not mean all real estate is booming. Try telling homeowners who have had their homes sitting on the market for months with large price reductions, "The SKY IS NOT FALLING." I believe they will disagree.
There is only one winner and that is the developer. So, give a hand clap to him but don't make snarky comments about those who are not living the dream. Selling their homes has become a nightmare for some. I personally know quite a few. Btw: Have you looked at new home prices? The cost is DOWN in Moultrie Creek. Even lower in Dabney. Maybe this is the reason there is a surge in sales? How do you think this will affect the price of your home? What if the Developer slashes the price of HUNDREDS of homes while you are in a NEED to sell predicament? Will you still feel secure everything is sunny and bright in the Villages? On MLS and VLS combined, there were 982 preowned homes for sale. 92 of them sold this week. I am certain that percentage makes the owners of the 890 NOT SOLD thrilled! The number sold will easily be replaced by new preowned homes in a few days. Are you seeing great numbers here? Or, are you just interested in keeping tally of the Developer's good fortune? Last edited by margaretmattson; 03-27-2024 at 07:12 PM. |
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At what prices? Reduced in most cases I’m sure.
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Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning |
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People need to stop trying to turn facts into negative made-up commentary. |
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One poster felt the developer selling 150 homes is great news! It would be better news if preowned homes were selling the same amount. I guess you are not one of homeowners who have seen their homes sitting on the market for months with a large price reduction. A healthy market is in the eyes of the beholder. I was merely trying to show ALL are not happy with the real estate market. For many, the sky is indeed falling! BTW: sales in one week in peak season cannot be used to come up with an overall average. You have to consider all the sales in a larger time period than ONE WEEK AT PEAK. If mine is negative made up commentary, SO IS YOURS. It comes down to this, some of us see a downward price trend and some do not. I believe 10% sales at peak is weak. You believe it is healthy. Only time will tell which side is correct. Until then, let's just agree to disagree. It's all good! Last edited by margaretmattson; 03-27-2024 at 08:56 PM. |
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mismatched reality to desired preferences here. |
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Last edited by Randall55; 03-27-2024 at 10:22 PM. |
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Asking prices vary based on location, lot, extras, etc. You can buy a brand new Topaz patio villa right now for $250,00 or you can buy one right now for $325,000. Compare the two and you will see that you get what you pay for.
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