[captain1202]

I would not bank on the rental thing. TV has just completed (in 60 days) about 200 new homes in close proximity to Sumter Landing that are said to be exclusively for rentals and not just Lifestyle Previews. It makes us wonder what is going to happen to the TV managed owner rental program as I'm sure they will be promoting their own properties first. Nothing official here, but just a heads up with the scuttlebutt that's circulating at the moment.

[Barefoot]

Originally Posted by captain1202

I would not bank on the rental thing. TV has just completed (in 60 days) about 200 new homes in close proximity to Sumter Landing that are said to be exclusively for rentals and not just Lifestyle Previews. It makes us wonder what is going to happen to the TV managed owner rental program as I'm sure they will be promoting their own properties first. Nothing official here, but just a heads up with the scuttlebutt that's circulating at the moment.

Captain, good point. I was just going to mention the additional rental units being built. I think those units will really be popular due to location (within walking distance of LSL).

I would guess that TV will offer Village-owned units before they offer other units in The Owner's Rental Program.

[The Great Fumar]

Kayaker
capt 1202 is giving you good advise...........its the old story that
if you ain't ready yet, you ain't ready yet...

don't bank on renting your new property . There will be to much competition .and it will be from the villages .....when your ready then re evaluate your situation .........if you can sleep nights , you'll love it here...........

Fumar

[KayakerNC]

Originally Posted by captain1202

I would not bank on the rental thing. TV has just completed (in 60 days) about 200 new homes in close proximity to Sumter Landing that are said to be exclusively for rentals and not just Lifestyle Previews. It makes us wonder what is going to happen to the TV managed owner rental program as I'm sure they will be promoting their own properties first. Nothing official here, but just a heads up with the scuttlebutt that's circulating at the moment.

I asked this question to my saleslady. Her response:

"We are building those accommodations because our Property Management was down about 300 homes this year--more folks were able to retire early, rather than purchase early and put it in the program. Also, there were fewer who were willing to part with money this past 6 months!! So Property Management is still screaming for homes for this Winter Season. (we are sold out in January, and almost completely booked for February. March has just opened for Reservations.)"

[Boomer]

Kayaker,

In October of 2007, when the decline in real estate was starting to get a real footing, a TV sales rep's parting shot to me as we were leaving a model home was, "You will be sorry if you do not buy at this price."

For some reason, that comment rubbed me the wrong way. It struck me as manipulative. Her words, "You will be sorry," actually just plain ticked me off. Maybe that's just me, but I felt like I was being talked down to. While I am sure your rep is much nicer, or at least uses better word choice, the fact remains, their interest is their interest.

I was there to get the lay of land, considering a second home. I was tiptoeing in to see what I thought. I had not even talked about price. I was not even close to that point. And had I been, I still would have not liked that snippy comment.

Enough about all that, the point is......

The rep was trying to create a sense of urgency. That's what some of them do. And urgency worked well for them during the high times. I just never could do urgency.

Now, you may think that this is a little harsh, or maybe a lot harsh, or you may think it does not even make any sense at all. But here's what I would do if I were you......

I would take whatever the TV sales rep is saying completely out of the equation.

After removing the sales pitch, use what you know as fact and work through what you really want and how you know you can make it work. That's it. This is about you and your own personal cost of sleep.

My, my, I seem to be sounding a little bossy tonight. Oh well, just my advice. You asked. And, whoops, I think I already said the same thing somewhere on here a week or two ago. It's just this time, I am using that example of the rep having no idea what she was talking about, other than trying to sell a house by creating that sense of urgency.

Anyway, I really do wish you the best. This thing is so different for everybody.

Oh, and while I am being so bossy, I would like to suggest that you might want to find a good MLS rep and look at some pre-owned homes and if you have not looked at any of TV's pre-owned listings, you might want to do that, too. There are some lovely places with upgrades and much lower, or even fully paid, bonds.

Now, I need to get out of here for awhile. I am getting way too into this being bossy stuff.

Good luck, Kayaker. I hope you will keep us posted. (And I will try to stop being so bossy.)

Boomer Lucy (Advice 5 cents)

[l2ridehd]

There is one more factor to consider. If you can afford the home now, where is a better place to put your money. The potential for real estate to increase 20% in value over the next 3 years is probably better than most investments and it is a highly leveraged investment. And are we at the bottom? Who knows for sure. But if you look at the housing market as a sine wave on an incline up, if you are + or - 10% at the bottom of the curve and interest rates are at an all time low, it is one of the best places for your money.

I would spend at least a week here, look at all different models, new and used, different villages, know what the bond is, and then if you have made a Villages decision, now is a great time to buy. Probably one of the best. The absolute best? You will never know. If you wait for that you will never buy.

[GAGammy]

KayakerNC - My hubby & I have visited several yrs in TV and love it but weren't in a position to make our move yet. So this last April we were just in to look (we want the Gardenia). We were about to leave after being pre-approved but I really did not want to rent our new home before we had a chance to live in it. The morning we were leaving we pulled up several Patio Villa to look at that were pre-owned and we bought the 3rd one we saw. Be careful - if you rent through TV - you have to pay 20% of the rent they would have gotten on your place, to TV as well as a cleaning fee each time you go... I visit mine periodically and was not willing to do that. We are going to list ours independently with one of the online websites that rent there. We found that having the villa gives us a place to stay as well as a place to rent and we got it fully furnished - bond paid - for 130K. We can get conservatively 15K yrly for season and a few other months rent. Which will leave us time to come ourselves. Just another side to think about. We will buy our main home when we are closer to living there yrly and may keep this one for rental or family. We too, have 2 other homes to sell - Atlanta and a NC mtn.home too. Our Villa will be listed for the season as soon as I can get it online. Good luck.

[bsliny]

Is it time to buy I bought a ranch 3yrs ago in the village of Del Mar
The same ranch is selling on the next block from me for $40,000 less than i paid IS IT TIME TO BUY

[chuckinca]

You should have bought 3 1/2 years ago; the Fall and Winter of 05-06 were the peak of the bubble.

(Hard to believe the burst was nearly 3 years ago!)


.

[bobolink46]

We signed our papers on a new cyv in St. Charles on Nov 23. The discount had just gone from 4% to 4.5%. Two days later the discount went to 5%. We could have saved about $600 had we waited. Who know, it may drop some more. Tough call

[uujudy]

During our first visit to the Villages we struck up a conversation with a Villager on the trolley tour bus. He was telling us all about his wonderful life in TV (he had relatives visiting, hence the trolley tour), and we were drooling with envy and said we definitely planned to buy a home in the Villages "someday."

His reply was, "Don't wait too long," which (for some reason) we found incredibly funny. After we went back to Utah "Don't wait too long" became our slogan as in, "Oh boy, do my knees ever hurt today. I think I waited too long!"

Seriously, I don't want to sound like some urgent sales agent, but you can wait a few years for the market to bottom out so you can get the best deal on a house, or you can buy what you can afford today and start enjoying the Villages lifestyle before your knees are shot. It's really not all about the house -- It's about the lifestyle. I'm glad that my knees are still good enough for pickleball and shuffleboard and dancing in the square.
Just my 2 cents.
Judy
(They ought to pay me for this! )

[rshoffer]

I recommend you read the thread started by Kahuna on walking away from a mortgage. There is a lot info in the responses on the sorry state of the economic future. If you are currently retired and wealthy ... easy answer. If not, my opinion would be to not burden yourself with a second home now. Look in the Daily Sun under rentals... there are a lot of "available due to cancellation". The Villages just built an entire neighborhood of rentals which will, at least, tie up the "lifestyle" market. The last person I'd listen to to make that decision would be the realtor selling the house... I'd talk with my financial advisor, account and attorney.

[captain1202]

re:uujudy

With any luck it won't be either me or my wife who will be concerned with the ultimate (10-20yr) value of our house. At our stage in life the house is a home, not an investment.
It's nice to make a good deal, but having a nice property and being able to enjoy it is equally important.

re: rshoffer

I would guess their might be some sellers very amenable to do a lease/puchase deal or some variation thereof. When you consider the ancillary costs of owning, a long-term lease in a declining market makes a whole lot of sense. With an option to buy at market, even better.

[Barefoot]

Originally Posted by uujudy

Seriously, I don't want to sound like some urgent sales agent, but you can wait a few years for the market to bottom out so you can get the best deal on a house, or you can buy what you can afford today and start enjoying the Villages lifestyle before your knees are shot. It's really not all about the house -- It's about the lifestyle.

Judy, I agree 100%! It's all about the lifestyle. If you jump in with both feet, I don't think you'll ever be sorry. None of us are "spring chickens". I think we all have to remember that a long life isn't promised to any of us.

[Whalen]

Originally Posted by Barefoot

Judy, I agree 100%! It's all about the lifestyle. If you jump in with both feet, I don't think you'll ever be sorry. None of us are "spring chickens". I think we all have to remember that a long life isn't promised to any of us.

At the end of the day at this time of our lives it's not about the 'best deal" you can get it's about the best life you can live.
Remember, there are no pockets in a shroud.