Exactly correct not everyone wants, needs or can afford a premium lot but still love their individual village and the overall beauty and lifestyle.

Would you be willing to say what you built and the total cost?

Cause the can’t afford premium lots or don’t want to keep up with the smiths or jones. :oops: agree there are thousands of standard lots just have to get rid of so there cheaper and the majority basic lots in villages.

You can probably bet they got their 15K somehow. :D

Exactly correct. We bought a $12,000 lot next to a $20,000 on one side and a $45,000 lot on the other side. The lot itself is slightly smaller than the $20,000 lot, but same views, and better views than the $45,000 lot. It was a development starter lot to get the 99 lot development up and going for the other sales to people who need to see houses instead of dirt to buy.

In my first MBA marketing course, the first concept taught was the two different types of sales reps, which equates to the types of buyers:

Shoes salesmen:
Rep A) assigned to an undeveloped region with people with no shoes: Look at all the new opportunities!
Rep B) assigned to a developed region with people with shoes: Look at all the existing resale opportunities!

Some people couldn't buy a parcel of dirt and build with no rec center started, no athletic fields started, no shopping center started, no bridge started because they are visually oriented in the present, and have a hard time envisioning the future development or promises by the developer.

Those types prefer lots with visual development and prefer fully developed neighborhoods, can touch and see the house, etc, prior to buying. That's the model the developers have trended towards, versus the custom built with amenities in the future. .

which kind of buyer are you?

Sales ploys are not needed to sell homes in The Villages. Period. Amen.

Typically these lots are offered in the high crime sections of the Villages that are controlled by Village gangs. You can easy spot them by the colors of the loofahs' on their carts.

:bowdown::
:bigbow:
:mademyday:

Dumb comment ……….

Personally, I’m the kind of buyer who likes few surprises, when it comes to my living place. I even like to know my future neighbors. I know some will move, but most will stay and so will the type of neighborhood. I like to know what amenities are there now and how they look. Nothing stays the same, but for the most part I can see what I’m actually getting into. Speculating, flipping etc is something different. That is business.

Gimmick
 

This is just a cheesy sales gimmick. You get a lot, right after you sign a contract to buy an overpriced house and a honkin huge bond bill.

The Villages is really struggling to move inventory at desired pricing for them.

Old thread fully covered……..

Struggling
 

The main reasons Villages market struggles are inventory, interest rates and overpricing. About 55% of homes sold by the Villages are financed. Homes are still about 15-20% overpriced. If the Developer appears to be selling lots at 0 dollars, he really isn’t. Bond on many of these is 50 k, nothing is free. Then comes the home with certain mandatory restrictions for upgrades.

You must go through the design phase to see which type of home will fit on a particular lot. The zero dollar lots have the profit margin built in. It is not a giveaway nor a marketing scheme.