Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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Just anecdotal evidence, but my house in Lake Denham, which I close in less than 2 weeks, was on the market for about 3 weeks. We don't know exactly, and surprisingly the realtor doesn't have that info. But we were able to figure it out from the date of termite cert, and some other listings.
Before we visited and purchased (August 14) there were maybe 10 homes released in our neighborhood. 3 of them preserve sites we were interested in. We bought 1, the other 2 plus most of the interiors are now sold. Seemed like a bunch went under contract the same week as we did. I don't know if that's normal. A lot more in the area have been released in the last 2 weeks. The preserve sites are selling fast. There are a few that maybe are too close to Meggison, or just interior small lots, that are still not sold. Based on our Lake Denham Facebook page, they are selling quickly. I'm guessing people have enough time to hop on a plane and check out the house before they buy, rather than buying site unseen. But it doesn't seem like a slow down. |
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#47
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If they can't sell their home, it can make buying a new home in TV more difficult...
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Most things I worry about Never happen anyway... -Tom Petty |
#48
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There are some YouTube videos that are put up by realtors on the MLS that include the number of cash purchases vs. conventional mortgages for Villages resales. The number of cash purchases is over 60% of resales in all the videos I've seen. |
#49
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There is a shortage or re-sale homes just about everywhere and unless they are trying to get way above market price they are selling very fast, The interest rates are holding back sellers, not buyers. For 30 years,1970 to 2000, 7% was a good rate to have on a 30 year mortgage, well below the average for that period, 3% was a temporary situation and most likely will never be back.
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#50
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#51
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Luckily, I'm just outside of DC, in Montgomery County, MD. Also one of the highest per capita income areas in the country. My neighbor across the street, two doors down put her house up for sale a few months ago on a Sunday. She had an over asking price contract on Tuesday... We're the luck ones. There are -plenty- of areas where to people selling are not as lucky...
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Most things I worry about Never happen anyway... -Tom Petty |
#52
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My middle daughter and son in law are currently house hunting. They make a very good income. They are having a hell of a time finding an affordable home. The interest rate difference prices them out of almost everything in the area. With the higher rates, It'll cost close to 50% of their take home pay for the mortgage...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#53
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#54
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All around the Villages are plenty of apartment buildings. Home prices have knocked a lot of people out of the market, everywhere.
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#55
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3% on a 30 year mortgage was a once in a lifetime opportunity IMHO. 6% has been the norm during my lifetime. I remember rates as high as 17%.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#56
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You and me both! But that's DC for you... If you want to be Metro accessible, you gotta' pay thru the nose...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#57
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I know very well daughter and her family lives there. Not cheap at all.
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#58
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The PITI was less than our 2 BR 2 BA apartment...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#59
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Where do they live? DC, MD, VA? 2 of my kids are in Arlington...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#60
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Closed Thread |
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