[twoplanekid]

Originally Posted by retiredguy123

After reading this thread, I decided to drive over and view the house. If you want sit on your lanai and listen to high speed traffic noise from Morse Blvd and low speed traffic noise from the drive through golf cart path in the rear while the afternoon sun beats down on you, with not much of a view, it would be a great house to buy. No wonder they are selling.

I would suspect than many, many people near the Florida Turnpike and other main roads in The Villages can hear road (cars, trucks, golf cart ) noise at various times of the day and night. How many people have kissing lanais as a view? I have no knowledge of why they are selling this house but find it interesting that the house is selling with little or no appreciation. Everyone looks at things differently to come to a variety of conclusions. So, let's continue to have fun and enjoy being alive to see the sun rise and set.

[Dgizzi]

Wonder why they are leaving already? Wow.

[Dgizzi]

Oh that’s why

[Pairadocs]

[QUOTE=Kenswing;1894471]There's really no incentive for them to price the house any higher. A house under a year old has to turn over any profits to the developer.[/QUOTE

What ????? This is still America isn't it ? I know things are changing all over the country so fast now it makes your head spin, but give a developer money you gained by selling YOUR HOME that is in YOUR name and pay your taxes on...... what ???

[CWGUY]

[QUOTE=Pairadocs;1894750]

Originally Posted by Kenswing

There's really no incentive for them to price the house any higher. A house under a year old has to turn over any profits to the developer.[/QUOTE

What ????? This is still America isn't it ? I know things are changing all over the country so fast now it makes your head spin, but give a developer money you gained by selling YOUR HOME that is in YOUR name and pay your taxes on...... what ???

On 11/23/20 the annual tax bill for that property was paid. The bill was $104.89 and the owner paid $100.69

[rmd2]

Originally Posted by Bilyclub

A $42,000 bond. Do they have to also pay Wildwood taxes?

How do WW taxes differ from Sumter? Just curious.

[retiredguy123]

Originally Posted by rmd2

How do WW taxes differ from Sumter? Just curious.

Sumter is a county. Wildwood is a city located within Sumter County. Some houses in The Villages are located within the Wildwood city limits. Those houses are taxed by both Sumter County and the city of Wildwood. You can view the tax bill for any house in Sumter County by doing a search of the address on the Sumter County property website. It will show how much of the bill is paid to Wildwood.

[joelfmi]

The owner is trying to make a killing, If he doesn't sell it for his inflated price he will be forced to sell it at the true worth price.

[thevillagernie]

Yea. but look at the fun you had

[joelfmi]

You hit the nail on the head.

[bowlingal]

Ask yourself why is this house for sale after less than 1 year? Something is VERY wrong

[bowlingal]

RMD2...of course they have to pay Wildwood taxes also. VERY expensive to own a house down south

[Debfrommaine]

When someone sells a home less than a year from purchase, it is not necessarily because there is anything wrong with the home or location. Life has a way of leading people in a different due to health or maybe they just found a dream home. Realtor told me taxes down "South" do have an additional Wildwood tax of $300 per $100K. The area has beautiful open green space for which the Wildwood tax might not mean much in return for that. The bonds are the bonds on both sides.

[retiredguy123]

[QUOTE=Pairadocs;1894750]

Originally Posted by Kenswing

There's really no incentive for them to price the house any higher. A house under a year old has to turn over any profits to the developer.[/QUOTE

What ????? This is still America isn't it ? I know things are changing all over the country so fast now it makes your head spin, but give a developer money you gained by selling YOUR HOME that is in YOUR name and pay your taxes on...... what ???

The rule has been in effect for a long time. There have been times in the country when people were buying new houses and selling them for a profit before they were even built. The developer's "no profit within a year" rule prevents that type of speculation, which is not good for a stable market. I think it is a reasonable rule.

[dewilson58]

[QUOTE=retiredguy123;1894823]

Originally Posted by Pairadocs

The developer's "no profit within a year" rule prevents that type of speculation, which is not good for a stable market. I think it is a reasonable rule.

Agree.
I which the stock market had this reasonable rule.