[opinionist]

I bought my house in TV as a home, and most likely paid top dollar for it.
I don't consider it an investment property, so price drops mean nothing to me.
I plan to live out my life here, and the property value after I am gone means nothing.

[asianthree]

In our village most homes, any view lot is selling in less than 4-6 weeks.

Any Village a 4/3 with 2,500sf and up, add a pool or room for pool, a view lot/house has sold in weeks.

[Aces4]

Originally Posted by RoseyRed

We just bought a new build. The resales are still Covid inflated. We found a 7-year-old house with no upgrades at $246 per sq ft. A comparable new build with warranties was $222 per sq ft. Both properties will require about 10K after purchased so it was a no brainer for us!

Even the bond?

[Topspinmo]

Originally Posted by asianthree

In our village most homes, any view lot is selling in less than 4-6 weeks.

Any Village a 4/3 with 2,500sf and up, add a pool or room for pool, a view lot/house has sold in weeks.

So, those are less than 3% homes for sale in villages. They use sell in day. Even hard time for upper crust.

[Topspinmo]

Originally Posted by Worldseries27

and yet, besides nearly every desirable lot, water, golf, preserve etc there is only a lottery pool' s chance to obtain one to put a house on. Tv is in the bubble. Its been demonstrated time and time again. Talk to new villagers about the angst they experienced trying to get a home here.

Those lots/houses are not majority that on market new or resales. Limited number for limited buyers.

[justjim]

Originally Posted by Aces4

And let's not forget... mortgage rates aren't high, they are normal.

Rates are relative high compared to the house payment because of inflated home cost and interest rates. Example: In general a few years ago, you could buy a new designer home in TV for 250 at 3% (or lower)interest rate. We pulled the trigger on a couple homes then. Same approximate home today 500 at 6% (or higher) interest rate. Do the math! Lots are also smaller landscape is less and the Bond is much higher in the new Villages south of 44. Arguably the “value” is less today IMHO.

[mraines]

Originally Posted by MandoMan

Zillow estimates aren’t bad. They are pretty accurate given the information the company has to work with. Zillow doesn’t know if your home has fourteen year old carpet and linoleum and roof, HVAC system and water heater and appliances and garage door opener and a bond to pay off. It doesn’t know that in the past year you’ve spent $50,000 updating all those things. Its estimates are based on the sales prices of comparable homes. But again, it doesn’t necessarily take into account the condition of those homes. Also, these days, Zillow seems to keep a home value at what was paid for it for several years.

As for the Historic Villages, much of it is surprisingly nice, with wider streets and bigger lawns, and often kept neatly. If you’ve never driven around there, you should. But a lot of the homes are single or double wide mobile homes with carports. Everything about them is built to be light enough to be moved on a road: pipes, faucets, cabinets, drywall, insulation, etc. if you are okay with that and just want to get by on your Social Security income, there are good buys there unless something breaks. Which it will. Some people remove the old houses and have new ones built. I’m not sure if that’s really a good use of funds, given the neighborhood, which is wearing down and has more residents who are younger and poorer and using drugs and getting arrested. (Just being honest. I don’t mean YOU!) so, a drop of 17% could be due to someone seeing the house and having it inspected and that inspection turning up something serious. Or maybe it was overpriced to begin with, and the seller has come to realize that. Where I live, I put in an offer at asking price the day the asking price was lowered by 10%. It was now a fair price, given what needed to be done, so I bought it. I’m glad I did.

I live on the historic side in a site built house on the golf course. Would not trade it for anything and I love living here where everything is just a golf cart ride away.

[DrHitch]

Originally Posted by npwalters

Just a thought. There is a huge difference in the “historic side” and CDD 1 south of 441/27.

Yes, EXACTLY. The references to the historic side should be solely applicable to Orange Blossom and Silver Lake.

BUT .. there are many beautiful homes and lots there that are far from "historical"....haha

[Aces4]

Originally Posted by justjim

Rates are relative high compared to the house payment because of inflated home cost and interest rates. Example: In general a few years ago, you could buy a new designer home in TV for 250 at 3% (or lower)interest rate. We pulled the trigger on a couple homes then. Same approximate home today 500 at 6% (or higher) interest rate. Do the math! Lots are also smaller landscape is less and the Bond is much higher in the new Villages south of 44. Arguably the “value” is less today IMHO.

Rates are relatively high compared to the money dump into the housing system rates that occurred when a huge recession developed. I know the math and the fact that people now want free money for loans, (that's what I consider interest rates at 3% and under), for their mortgages is a joke. At those rates, people with savings should pull all their money out of their accounts and go have a field day because after income tax time, you're not coming out ahead. If you were able to buy a couple of homes, a break in interest rates is definitely not what we need. Why do you think inflation hit us so hard!

[Worldseries27]

Originally Posted by mandoman

zillow estimates aren’t bad. They are pretty accurate given the information the company has to work with. Zillow doesn’t know if your home has fourteen year old carpet and linoleum and roof, hvac system and water heater and appliances and garage door opener and a bond to pay off. It doesn’t know that in the past year you’ve spent $50,000 updating all those things. Its estimates are based on the sales prices of comparable homes. But again, it doesn’t necessarily take into account the condition of those homes. Also, these days, zillow seems to keep a home value at what was paid for it for several years.

As for the historic villages, much of it is surprisingly nice, with wider streets and bigger lawns, and often kept neatly. If you’ve never driven around there, you should. But a lot of the homes are single or double wide mobile homes with carports. Everything about them is built to be light enough to be moved on a road: Pipes, faucets, cabinets, drywall, insulation, etc. If you are okay with that and just want to get by on your social security income, there are good buys there unless something breaks. Which it will. Some people remove the old houses and have new ones built. I’m not sure if that’s really a good use of funds, given the neighborhood, which is wearing down and has more residents who are younger and poorer and using drugs and getting arrested. (just being honest. I don’t mean you!) so, a drop of 17% could be due to someone seeing the house and having it inspected and that inspection turning up something serious. Or maybe it was overpriced to begin with, and the seller has come to realize that. Where i live, i put in an offer at asking price the day the asking price was lowered by 10%. It was now a fair price, given what needed to be done, so i bought it. I’m glad i did.

dont forget the gorgeous hills and trees placed squarely in the middle of the road as the ultimate dwi test