Dr Winston O Boogie jr |
10-12-2020 08:14 AM |
Quote:
Originally Posted by retiredguy123
(Post 1845801)
I could be wrong, but I don't think anyone can build a new house in The Villages except the developer. Also, I think it would be foolish for anyone, including the children of deceased residents, to sell a house for less than market value. Some of the manufactured houses that are well maintained are worth a lot more than $90,000. I also think that the location in Lady Lake is more desirable than some of the new areas being developed.
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In Lake County or the Town of Lady Lake a person can use any builder to build whatever type of home that they want as long as they own the lot. This is different from most of The Villages that lies in Sumter and Marion counties.
Often times when a resident passes away the offspring live up north and coming down here, cleaning a house out and putting it up for sale is a huge hassle. It's often worth it to them to accept $10,000-$30,000 less than market value to be rid of a headache. If the house goes on the market and doesn't sell for a long time, they are paying taxes, insurance, amenity fees and upkeep every month that it doesn't sell. Most of these people are busy with work and family so to have The Villages come in and make an offer makes sense.
Most manufactured homes over here are worth more than $90,000. Some homes where the owner has passed away have fallen into disrepair. The landscaping hasn't been kept up. In some cases, the owners were hospitalized for a period before they passed so nothing had been done for a while.
It's a myth that all of the homes that were taken out were old single wides that had fallen into disrepair however. Some very nice double wides were removed as well. In fact many of the homes that were removed were donated to Habitat for Humanity and are currently occupied outside The Villages.
The Villages bought homes that people were willing to sell. They paid what they though the lot was worth. What's interesting is that when they first started doing this, they were paying above market value. I believe that they simply wanted to get the ball rolling. As more and more people decided the convert from a manufactured home to a site built the prices that they would pay would go down.
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