[MplsPete]

Over at theVillages dot com, if you go on the Search Homes tab, there are 19 undeveloped lots for sale at $0 in V of Shady Brook. Other lots range from 1K to 139K. Are there really lots available for zero?

[buzzy]

Likely means $0 lot premium when you contract for a house.

[margaretmattson]

Originally Posted by MplsPete

Over at theVillages dot com, if you go on the Search Homes tab, there are 19 undeveloped lots for sale at $0 in V of Shady Brook. Other lots range from 1K to 139K. Are there really lots available for zero?

There have been $0 lots in many villages. Caution:carefully scrutinize the location and lot size. Most $0 lots are not worth having unless you have no preference on the size and model of home that can be built. A buyer pays a premium on larger lots, corner lots, and lots with a view.

[ThirdOfFive]

Originally Posted by MplsPete

Over at theVillages dot com, if you go on the Search Homes tab, there are 19 undeveloped lots for sale at $0 in V of Shady Brook. Other lots range from 1K to 139K. Are there really lots available for zero?

Don't know. But I'd be sure to measure the depth of the water covering them before I'd consider buying.

Rule of thumb: if something looks too good to be true, it probably is.

[Normal]

The zero dollar lots require you to schedule a design appointment for building a Villages house. There are prerequisites as to what size, if it requires a golf cart garage etc. You are then required to put 10 k down and present the rest at closing.

In short, a sales ploy in these trying times with decreased pricing and poor inventory movement.

[asianthree]

Zero lots have been around for a long time. Usually lots the homes need tweaking to fit. Every lot has a price with spec homes it’s built in. Usually the only time high premium is view lots

[dewilson58]

Originally Posted by margaretmattson

Most $0 lots are not worth having unless you have no preference on the size and model of home that can be built.

I disagree....................there are thousands and thousands of Villagers who paid zero premium for their lots and absolutely love their lot, their home, their neighborhood.

[Rwirish]

Thousands and thousands, interesting.

[rvalukonis]

Originally Posted by Rwirish

Thousands and thousands, interesting.

Last reported number was 71,000 houses.

[crash]

Originally Posted by buzzy

Likely means $0 lot premium when you contract for a house.

Exactly what it means.

[bjansson]

I just bought a $0 lot and had a designer home put on it and I'm extremely happy with my choice! Nothing wrong with the lots, I have Chandler Rd. in my backyard but a beautiful pond view from my lanai. The lot has enough size to add a pool if I wanted to. The people next to me paid $15,000 for their lot and it's identical. And then one on the other side is a corner lot and they paid $45,000 for the over sized basically identical lot and view. I think it's just an incentive to build there because once people start moving in it's like the seal of approval.

[Blackbird45]

$0 lots can be a good deal if it fits what you are looking for, which as some said size and location.
Also, in many cases as also stated a commitment to erect a home.
In the mid 70s Baltimore had a deal on the table where they were selling uninhabited homes for $1.00, the commitment was within a certain period of time you had to bring the home up to living condition and it was yours.
It was a win, win situation that worked.
The $0 lots are somewhat the same, the buyer gets a good deal, and the seller gets a lot of their hand that is less appealing to many.

[Justputt]

A $0 lot premium doesn't mean the lot is free, only that there's nothing unique (lake, preserve, golf course, size, corner, etc.) they could justify charging extra. NEVER buy without checking it out in person! Never decide on a house floorplan without seeing in in person! Check what the Bond is for the lot, some are crazy high. We changed so many things once we saw things in real life. We paid a little extra for a preserve view and even though the lot is only something like 0.15 acres, when we sit on the Laini, we only see large oaks, Spanish moss, and a natural pond.

[Pat2015]

Originally Posted by Normal

The zero dollar lots require you to schedule a design appointment for building a Villages house. There are prerequisites as to what size, if it requires a golf cart garage etc. You are then required to put 10 k down and present the rest at closing.

In short, a sales ploy in these trying times with decreased pricing and poor inventory movement.

Actually you have to design your house within 30 days of purchasing a lot and 20% of the build cost is due when you sign the contract at the design center. The balance of the home cost thereafter is due at closing.

[MrFlorida]

No premium, not a free lot...