[GRACEALLEMAN]

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.

Everyone wants a safe " Normal" Place to live. The world is discovering it here ...very quickly. Just ask us...we escaped Portland Oregon to come here.

[nativetex]

My husband and I live in the country of Panama (originally from Texas). We will be closing on a house in TV on 7/26 and moving permanently to TV. We knew houses are selling so quickly so we made the decision to buy sight unseen. We have never bought a house sight unseen but love TV and decided that in order to live there, we had no other choice. We went on line every day, several times a day and made an offer right away when we found a home we liked. We were very fortunate that our offer was accepted the next day that we put an offer in. We are very excited when we make TV our permanent home.

[Girlcopper]

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.

Of course its just a housing bubble which will pop like in 2005. All kinds of people are buying but whats the difference who buys. The houses are selling. Friend of mine listed their home with a realtor and before it even went up on MLS, it sold at the asking price, in cash, as is. If you keep up on current events, you would know there is a housing shortage and theres no end in sight.

[FromDC]

Originally Posted by nativetex

My husband and I live in the country of Panama (originally from Texas). We will be closing on a house in TV on 7/26 and moving permanently to TV. We knew houses are selling so quickly so we made the decision to buy sight unseen. We have never bought a house sight unseen but love TV and decided that in order to live there, we had no other choice. We went on line every day, several times a day and made an offer right away when we found a home we liked. We were very fortunate that our offer was accepted the next day that we put an offer in. We are very excited when we make TV our permanent home.

Welcome to The Villages! You have quite the long move from Panama! Once you finally get settled, you will know you made the right decision!

[eeroger]

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.

This is happening all over the country. My relatives are in a sleepy town in East TN & they said people from California are buying up land and houses as soon as they come on the market for $100-$150k more than what they are worth.

[Rodneysblue]

Originally Posted by Timothyimitchell

Low interest rates and lifestyle. 2 powerful things that will keep driving sales in TV. We are in a bubble but TV will not suffer as the rest of the country will when the bubble pops. And it will pop.

Don’t forget the stimulus checks that were given out last year , some extra cash for the down payment.

[PurePeach]

Originally Posted by VApeople

Really?? That is great news!!!

I'll ask my barber when they are going to start building.

I can’t find anything anywhere about Costco coming to Wildwood. They will be opening one in Clermont in about 8 or so months. Learned this at Costco in Orlando last week.

[DeeCee Dubya]

Word!

[DeeCee Dubya]

Why not list it for a couple weeks? Competitive bidding would get you more $

[tallmanf]

I heard it wasn’t Hooters, but a new place called Cougars. All the wait staff will be over 40.

[manaboutown]

"Come on down!" The Price is Right. lol

[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!

[OhioBuckeye]

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 increase in homes are making it tough for low income families to get a little newer home! I live in the Dallas/Ft. Worth area & homes here have increased about $100,000. from what we paid for them.

[Malsua]

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 bolded above is, to put it bluntly, nonsense.

This is an age restricted community and required by law that at least 80% of the households have at least one resident that is 55 or older. Right now that number is _well_ above that magic number of 80%, meaning they can sell it to whoever wants to buy it. If we hit a period where it gets much closer to 80%, it is possible that enforcement would tighten up. It is currently not an issue whatsoever.

[Kelevision]

Originally Posted by tallmanf

I heard it wasn’t Hooters, but a new place called Cougars. All the wait staff will be over 40.

Hmmm, shouldn’t they be more like 90? I mean if a “cougar” is looking for a younger man?