Talk of The Villages Florida
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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/)
-   -   It's Getting Real - Just signed with a realtor (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/its-getting-real-just-signed-realtor-330819/)

Dr Winston O Boogie jr 04-04-2022 08:50 AM
Quote:
Originally Posted by NatureBoy (Post 2079584)
We've been planning to move to TV for over five years. Our kid is finally graduating high school and going off to college this year. Our plan had been to fix up the house this coming fall and winter, and put the house on the market in the spring of 2023. But with market conditions the way they are, and rising interest rates, we decided to bring a realtor in to have a chat.

Wow. The realtor was super excited about our house. They priced it about $100k over what we thought we'd get for it. And encouraged us not to do the upgrades we were planning. We even told the realtor the soonest we could move out of the house is July (kid needs to finish school) and they said that'd be no problem.

So we signed and will be listing it in a couple weeks! AIEEEEEE!

Of course, house prices in TV are also super high, so I don't know that we'll be able to get more house than we'd planned - and may still struggle to get into a Veranda like we really want. But we're now entering a time of manic cleaning & packing.

If things progress as they seem to be, we could be looking for a house in TV by the end of May!

See you all soon.
We have a Veranda for sale in Marsh Bend. PM me if you're insterested.

Lottoguy 04-04-2022 08:52 AM
DO NOT limit your search to a new home. Look at the preowned homes too. Especially if you don't like long drives to shop or want to play golf. My two cents...

Birdrm 04-04-2022 08:54 AM
I was in the same position looking for a new Veranda and they were mostly out of my price range and few to choose. I then set my sights on the Winslow Courtyard Villa because it had many of the same features of the Veranda and there are many to choose from so I was able to actually get the flooring and cabinet colors I wanted.

Lottoguy 04-04-2022 08:55 AM
FYI make sure you check the height of the garage in a courtyard villa. Some people say you can't get certain SUV's or trucks inside them.

bhancock 04-04-2022 09:19 AM
Suggestion
 
[QUOTE=Lottoguy;2080080]FYI make sure you check the height of the garage in a courtyard villa. Some people say you can't get certain SUV's or trucks inside them.



Something you may want to consider also; using the HECM to purchase your new home. Using a 50/50 formula, if you buy a home for say $500,000, you only need to put down $250,000 and the Mortgage company (me) puts up the remaining $250,000. The good thing about this is #1, you never have to make a mortgage payment, and you buy twice the home you thought you could afford!!...It's a beautiful thing. Not to mention, let's say you were gonnna pay all cash...now, you can put the "other" $250,000 back in your bank!!

Email me if you'd like more info....bhancock@comcast.net

manaboutown 04-04-2022 09:35 AM
Quote:
Originally Posted by bhancock (Post 2080091)
Something you may want to consider also; using the HECM to purchase your new home. Using a 50/50 formula, if you buy a home for say $500,000, you only need to put down $250,000 and the Mortgage company (me) puts up the remaining $250,000. The good thing about this is #1, you never have to make a mortgage payment, and you buy twice the home you thought you could afford!!...It's a beautiful thing. Not to mention, let's say you were gonnna pay all cash...now, you can put the "other" $250,000 back in your bank!!

Email me if you'd like more info....bhancock@comcast.net
This a slick solicitation for a high commission notoriously high cost product and a financial disaster waiting to happen. Don't do it under any circumstances. What if you want or need to move or spend significant time elsewhere?

manaboutown 04-04-2022 09:36 AM
///

Laker14 04-04-2022 11:05 AM
[QUOTE=bhancock;2080091]
Quote:
Originally Posted by Lottoguy (Post 2080080)
FYI make sure you check the height of the garage in a courtyard villa. Some people say you can't get certain SUV's or trucks inside them.



Something you may want to consider also; using the HECM to purchase your new home. Using a 50/50 formula, if you buy a home for say $500,000, you only need to put down $250,000 and the Mortgage company (me) puts up the remaining $250,000. The good thing about this is #1, you never have to make a mortgage payment, and you buy twice the home you thought you could afford!!...It's a beautiful thing. Not to mention, let's say you were gonnna pay all cash...now, you can put the "other" $250,000 back in your bank!!

Email me if you'd like more info....bhancock@comcast.net
Quote:
Originally Posted by manaboutown (Post 2080097)
This a slick solicitation for a high commission notoriously high cost product and a financial disaster waiting to happen. Don't do it under any circumstances. What if you want or need to move or spend significant time elsewhere?
what marabout town said=:BigApplause::BigApplause::BigApplause:
bhancock, go peddle your reverse mortgages somewhere else.

joelfmi 04-04-2022 11:30 AM
You could also look into renting for the short term, and do your due dillegence
 
Quote:
Originally Posted by Flyers999 (Post 2079896)
Friends bought a courtyard villa then moved out nine months later. There just wasn't enough parking for his family when they visited.
Most of what you will encounter is a lot of smoke and mirrors which you can read up before you go on the talk of the villages wed site. What you have written about the villas is transparent

Leeny46 04-04-2022 01:05 PM
Quote:
Originally Posted by NatureBoy (Post 2079584)
We've been planning to move to TV for over five years. Our kid is finally graduating high school and going off to college this year. Our plan had been to fix up the house this coming fall and winter, and put the house on the market in the spring of 2023. But with market conditions the way they are, and rising interest rates, we decided to bring a realtor in to have a chat.

Wow. The realtor was super excited about our house. They priced it about $100k over what we thought we'd get for it. And encouraged us not to do the upgrades we were planning. We even told the realtor the soonest we could move out of the house is July (kid needs to finish school) and they said that'd be no problem.

So we signed and will be listing it in a couple weeks! AIEEEEEE!

Of course, house prices in TV are also super high, so I don't know that we'll be able to get more house than we'd planned - and may still struggle to get into a Veranda like we really want. But we're now entering a time of manic cleaning & packing.

If things progress as they seem to be, we could be looking for a house in TV by the end of May!

See you all soon.
We have a 2 1/2 year old Hudson Veranda almost ready to sell. Expanded 3 car garage, enclosed lanai, professional landscaped corner lot with many extras.

Stu from NYC 04-04-2022 01:07 PM
Quote:
Originally Posted by manaboutown (Post 2080097)
This a slick solicitation for a high commission notoriously high cost product and a financial disaster waiting to happen. Don't do it under any circumstances. What if you want or need to move or spend significant time elsewhere?
He sure keeps busy selling his products that he keeps saying he is not selling.

manaboutown 04-04-2022 01:59 PM
Quote:
Originally Posted by Stu from NYC (Post 2080185)
He sure keeps busy selling his products that he keeps saying he is not selling.
Yes. And he uses the acronym HECM in lieu of calling a reverse mortgage a reverse mortgage as the term "reverse mortgage" has a negative connotation to most of us based on its spotty history and ongoing sales practices.

Perhaps HECM literally stands for Haven't Equity Can't Move!

Reverse Mortgage Scams — FBI

Seniors face foreclosure in retirement after failed reverse mortgage

craigrmorrison 04-04-2022 02:11 PM
Thank you, Skip Smith.
 
Quote:
Originally Posted by NatureBoy (Post 2079584)
We've been planning to move to TV for over five years. Our kid is finally graduating high school and going off to college this year. Our plan had been to fix up the house this coming fall and winter, and put the house on the market in the spring of 2023. But with market conditions the way they are, and rising interest rates, we decided to bring a realtor in to have a chat.

Wow. The realtor was super excited about our house. They priced it about $100k over what we thought we'd get for it. And encouraged us not to do the upgrades we were planning. We even told the realtor the soonest we could move out of the house is July (kid needs to finish school) and they said that'd be no problem.

So we signed and will be listing it in a couple weeks! AIEEEEEE!

Of course, house prices in TV are also super high, so I don't know that we'll be able to get more house than we'd planned - and may still struggle to get into a Veranda like we really want. But we're now entering a time of manic cleaning & packing.

If things progress as they seem to be, we could be looking for a house in TV by the end of May!

See you all soon.
Looks like, once again, The Villages YouTube pioneer, Skip Smith, has paved the way to yet another new The Villages neighbor. NatureBoy, you are going to love it!

ddawson922 04-05-2022 02:33 AM
I have a nice villa for rent that will be open May 1st through Aug. 31st. (Great area, St James) You should consider a month or 2 of renting while you search for the home and area you want buy. (3302687899)

NatureBoy 04-05-2022 05:27 AM
Quote:
Originally Posted by Dr Winston O Boogie jr (Post 2080074)
We have a Veranda for sale in Marsh Bend. PM me if you're insterested.
Given the market conditions, we need cash in hand before getting serious about potential offers in TV..


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