[784caroline]

Price is only one factor, all be it an important one, that one must consider in buying in The Villages or any major purchase. BUt if this is going to be your retirtement home or a place to spend winters from the cold north, just remember, if this is what you want, the years you can enjoy and appreciate "your want" are also declining. We are all at a point in life that we should do what is in our financial means and do it if this will be our enjoyment for years to come rather than worryng about future price increases or decreases.

Bottom line is you need to make a decision about where you want to be today and in 5-10 years from now. I would not use "Price" as the sole reason for any indecision compared to your personal well being. Things are much more affordable today than they were 2-3 years ago but the indecision to make a change is a greater deterrent than price.

[TomW]

We got a call from our Villages rep this morning. He said prices are going to increase modestly ($$=???) on November 16th for new homes. another friend in TV says prices of homes have increased 6.5% since their low. I don't know if he meant resales or new construction. Basically the trend appears to be slightly up in new construction. Interest rates are a larger concern in the overal calculation of what a TV house costs.

[Russ_Boston]

Originally Posted by TomW

Interest rates are a larger concern in the overall calculation of what a TV house costs.

Wouldn't that be only if someone carried a mortgage? I saw a stat somewhere that stated that 65% of TV homes were purchased without a mortgage.

[Jerry8542]

Our Villages rep also told us that prices on new homes are going up on November 16. Does anyone know what the increase will be ?

[JimJoe]

Originally Posted by Tumbush

Our Villages rep also told us that prices on new homes are going up on November 16. Does anyone know what the increase will be ?

Maybe the rep should go read the Villages New home website. This is what it says.

Find your dream home before November 30th to take advantage of special savings! Call today and let us help make your dreams come true! 1-800-346-4556

Which is it? the 16th or the 30th? The site is still showing discounts on most homes and more than 10% on some homes.

Prices will drop until at least midsummer.

[Barefoot]

Originally Posted by TomW

We got a call from our Villages rep this morning. He said prices are going to increase modestly ($$=???) on November 16th for new homes. another friend in TV says prices of homes have increased 6.5% since their low. I don't know if he meant resales or new construction. Basically the trend appears to be slightly up in new construction. Interest rates are a larger concern in the overal calculation of what a TV house costs.

The Village Reps have been telling me for two years that prices on new homes will be increasing because the cost of building supplies and shipping are increasing.

And yet .. prices keep dropping.

The Village Reps would like you to believe that the TV market is unique and unaffected by what transpires in the real world. Not true.

[otherbruddaDarrell]

I am not a big fan of ANY sales reps. Be it homes, cars, condos,appliances,home health,home health, did I mention home health!
My experience with most anyone in sales is that they will say anything to make a sale.

[TomW]

They have had the 3% discount on new construction in effect for several months. The advertising always reads that it is good through the end of the current month (i.e. Nov 30th) but then it appeares again the following month, so far. The price they are discounting FROM is slated to rise on Nov 16th. I haven't heard how much of an increase they plan on making. I also thought I heard the senate committee passed the extension of the homebuyer credit that included provisions for current homeowners as well. Hopefully it will pass the house as well.

Russ: Yes, it would only matter if one wished to carry a mortgage. My theory is that one can invest the money at a better return than the cost of borrowing and enjoy the mortgage interest deduction on the federal taxes as well. But I know there are many who feel more secure owning their homes outright for various reasons.

[Larryandlinda]

If you went to buy on December 1, does anyone think they would sae "Sorry, the sale is over, you missed it by a day!"
puh-leeze!
You buy it once, live in and with it forever.
The sweetness of the most killer 'deal' will wear off long before the bitterness of having a place you don't like.

L and L

[73Goat]

Originally Posted by TomW

We got a call from our Villages rep this morning. He said prices are going to increase modestly ($$=???) on November 16th for new homes. another friend in TV says prices of homes have increased 6.5% since their low. I don't know if he meant resales or new construction. Basically the trend appears to be slightly up in new construction. Interest rates are a larger concern in the overal calculation of what a TV house costs.

Wow, you actually got a call from your Sales Rep? We've been working with one for 2.5 years and she's NEVER called us. On our last trip to TV in April she did feed us the idea that 'prices will be increasing 'soon' because of incresed materials costs so we better buy now. Not that it appears to have happened.

If the prices for new construction are too much out of line with equivalent resales when we come to buy next summer, we'll take a resale.

[BobKat1]

There still appears to be a lot of new and resale inventory in TV. That should keep prices down or at their current levels for a while longer.

[captain1202]

Larry & Linda... You don't know The Villages. When the sale is over it's over. BUT, there's usually another one right behind it. Kind of like a furniture store. Oh, they have a couple of those too.

[Larryandlinda]

Originally Posted by captain1202

Larry & Linda... You don't know The Villages. When the sale is over it's over. BUT, there's usually another one right behind it. Kind of like a furniture store. Oh, they have a couple of those too.

That makes sense. There should always be something of an opportunity at any given time.
Better the check in the till than the house on the lawn!
We made up our minds quickly on both our Rancher and premiere.
We used an outside MLS agent to help find the rancher and he was very good , driving us around and giving us a huge stack of prints.
Since then we have learned how to look and have frequently perused one the local MLS agents that specializes in TV properties.
Whether or not it was a Villages listing or an independent did not matter, but we did know what we wanted and when we saw one, it was then a mater of getting it.
we were a little on the fence, so we made what we thought was a low offer and said 'if they take it, we're getting it"
both places are rented for winter but we liked summer enough to come back often till were permanent
L and L