Talk of The Villages Florida - I don't mean to beat a dead horse, but are these prices of used homes for real.

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)

- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - I don't mean to beat a dead horse, but are these prices of used homes for real. (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/i-dont-mean-beat-dead-horse-but-these-prices-used-homes-real-328629/)

Quote:

Originally Posted by MX rider (Post 2096431)

I don't think the market will "tank" as you say. It will cool off. But there's still a supply problem with lots of demand.

I think prices will start leveling off a bit. They can't can't continue to go up.

I concur, buyers are often cash buyers in The Villages so interest rates only encourage buying because of inflation/investment opportunity. I do see the prices abating somewhat though.

Quote:

Originally Posted by ithos (Post 2096467)

Just like the last economic downturn, The Villages will still be one of the best locations to own of home regarding property value. And the demand now by retirees is even stronger.

I agree....but the current prices are crazy

Quote:

Originally Posted by Normal (Post 2096615)

I concur, buyers are often cash buyers in The Villages so interest rates only encourage buying because of inflation/investment opportunity. I do see the prices abating somewhat though.

I don't think they are abating, at least not south of 44, patio villas without a garage are now over $300,000, 4-bedroom Ivy's and Woodside's now $1,000,000 plus without a pool and not on a golf course, interior lot Gardenias over $500,000, and all of these are selling quickly. Try to find a re-sale Patio Villa or Ivy or Woodside south of 44, you can count the number available on one hand, they are all sold or pending.

Quote:

Originally Posted by davem4616 (Post 2096630)

I agree....but the current prices are crazy

So is the price of gas, chicken, beef, etc. Thanks to our creator for making it all funny money.

Like most things economic, it's all about supply and demand. The Villages can't keep up with the demand for new homes so people are willing pay high prices for whatever is available. In this case, it's pre owned homes.

Million dollar plus homes most at risk. Realtor lockbox indicator and traffic way down. Interest rates and stock meltdown will fix prices

Quote:

Originally Posted by rustyp (Post 2054275)

Insanity is the real estate commission. At 6% in April it was $20700. 9 months latter the same house commission is $42000. According to some sources people are standing in line to buy houses. The way I see it the real estate firm is doing less work and less advertising expenses at a minimum. Are the sellers really paying these (fill in the blank) kind of commissions ?

When we sold our house in Texas (Nov 2021), because we had bought here and closed Oct 30th.

We negotiated with our agent
Buyers agent 2.5%
Our agent 1.5%

We told her we wanted a bidding war, house went on market Friday we would not look at an offer until Tuesday. We had 9 offers and accepted the highest ($35,000 over asking and they paid all closing costs, no option period, as is and they pay a 100% if it didn't appraise for the sale amount.

She was a smart retailer and knew she'd make good money with minimal effort. No open houses or anything.

Always negotiate, especially in this market