[Bilyclub]

Originally Posted by Andrea3051

As someone that is newly renting because prices went above my budget when I arrived, my brand new home rental was purchased for investment purposes only and I think they mentioned a rule allowing buyers that are not 55, as long as they are purchasing and renting out to a tenant of age. So, not only are you contending with people retiring here but also out of State investment buyers as well.
Best of luck in this crazy market!

The owner of the home might also be considering flipping the house when their year of ownership is up if the values keep climbing.

[butlerism]

My home in SS has gone up over $70.

[KRMACK55]

Originally Posted by mrrmauu

We have been coming down since 2016 and plan on retiring, buying and living full time in the very near future. I see that most or all homes appear to sell within hours of listing and the prices have skyrocketed with no end in sight. Who is buying all these properties??? Are these new retirees, are they snowbirds, or are they speculators looking to make a buck renting them out? Is this all a bubble or will this continue into 2022? A brand new home we looked at in 2017 was listed for $270,000 - that same exact home today is around $400,000. They used to discount some of the homes when they advertised them on WVLG, no more. Most homes they advertise are $500,000+. My home has also appreciated but not at TV rate.

The house you mentioned must be in a super desirable area. Most of the traffic is NY NJ CA WA OR people with loads of cash. There is also people in the villages trying to flip and use as rentals. There are also those who want to renovate and resell. This will extend into the end of the year at least. The prices aren’t worth it but since I’m finally getting a decent price to life here I’m grateful to sell this month

[KRMACK55]

Originally Posted by davem4616

I overheard a guy the other night down at Brownwood say that the biggest factor driving the prices upward in TV and homes selling so quickly now is that Costco has applied for a building permit in Wildwood

That’s crazy no one buys a house because of Costco. That’s why it’s called gossip

[toeser]

Originally Posted by mrrmauu

We have been coming down since 2016 and plan on retiring, buying and living full time in the very near future. I see that most or all homes appear to sell within hours of listing and the prices have skyrocketed with no end in sight. Who is buying all these properties??? Are these new retirees, are they snowbirds, or are they speculators looking to make a buck renting them out? Is this all a bubble or will this continue into 2022? A brand new home we looked at in 2017 was listed for $270,000 - that same exact home today is around $400,000. They used to discount some of the homes when they advertised them on WVLG, no more. Most homes they advertise are $500,000+. My home has also appreciated but not at TV rate.

It's happening all over the place. A relative sold their home in Minnesota for many thousands over the asking price before the listing even hit the market. A neighbor heard she was selling and sent a friend.

[KRMACK55]

You need to look at other places around here not necessarily in TV. When you consider the price and the huge increases twice a year for amenity fees cable and utilities going up 20% and taxes will go up more there are lots to choose from.

[RICH1]

Casserole capital of The World!

[Bilyclub]

Originally Posted by KRMACK55

You need to look at other places around here not necessarily in TV. When you consider the price and the huge increases twice a year for amenity fees cable and utilities going up 20% and taxes will go up more there are lots to choose from.

I'm pretty sure the amenity fees don't go up twice a year, and even once a year it is not a huge increase.

[Worldseries27]

Originally Posted by stu from nyc

i heard it was due to a new hooters coming here

featuring molly mounds

[Normal]

Originally Posted by Worldseries27

featuring molly mounds

I can’t hear, and now I know why I am grateful.

[RealtorKaren]

That was a good one. Thanks! Lol!

[Hiltongrizz11]

Originally Posted by davem4616

I overheard a guy the other night down at Brownwood say that the biggest factor driving the prices upward in TV and homes selling so quickly now is that Costco has applied for a building permit in Wildwood

Lol what a CROCK!!

Nobody upends their life and forks out big bucks for a store

Wow

[HRDave]

Originally Posted by DeeCee Dubya

Word!

Love your avatar!!

[stebooo]

Originally Posted by mrrmauu

We have been coming down since 2016 and plan on retiring, buying and living full time in the very near future. I see that most or all homes appear to sell within hours of listing and the prices have skyrocketed with no end in sight. Who is buying all these properties??? Are these new retirees, are they snowbirds, or are they speculators looking to make a buck renting them out? Is this all a bubble or will this continue into 2022? A brand new home we looked at in 2017 was listed for $270,000 - that same exact home today is around $400,000. They used to discount some of the homes when they advertised them on WVLG, no more. Most homes they advertise are $500,000+. My home has also appreciated but not at TV rate.

Let's see, interest rates are at all time low. The villages still sell 200 homes a month. That may actually less than some years past. Can't be sure. Point being not much change. I don't think they are investors buying in bulk for rental. You should have bought years ago and rented. Still can. I think it's time to pull the trigger. There are lasts of homes for sell less than 500k maybe leave the villages realtor and look for another on village realtor.

[joelfmi]

Don't buy now any homes wright now their very over priced.