When I bought a new masonry CYV in 2011, I was on the phone talking to my salesman and telling him I had just sold my home and was ready to buy. He pointed me to a new CYV that was reduced from $169K to $162K. I found the home and while we were talking about the home, since there was no photos, the price of the home changed to $157K, I asked him if he did that. He said, did what? I said, it's $157K I'll buy it sight-unseen, and I did.

Days on the market can be deceptive, if a listing has been expired and relisted the days in the market shown starts over. You need to do a market history checking both The villages sales and mls sales database.

Villages has/had clause when You buy new home, keep down the flipping. Which probably hurts their sales of new homes? Only thing I can think up for the clause? I think it two years what I’ve read. I didn’t purchase new house and that was 5 years ago. Clause could of changed?

The rule applies to someone who buys a new house and then sells it within one year. You can sell it for the price you paid, plus the cost for all upgrades you made, plus the real estate commission you pay at closing. If you sell it for more than that, you must pay the excess to the developer. This is an agreement you sign when you buy a new house. But, you can sell the house anytime you want.

Negotiate away. Check out the balance of the bond. Many preowned homes have little or no bond. MOST preowned houses have many expensive upgrades. I have much land scaping, mature shrubs and trees, $6,000.00 real hickory flooring in lr, dr, and hallways. Three bedrooms have top of the line laminate floors. Check out EVERYTHING.

Everything is negotiable. (Except new builds) I just closed on a house in March. I made an offer 4k less than the asking price and to include the furniture.This house didnt hit the listing yet with TV. My realtor called me as soon as she saw it. I didnt want to risk losing this particular house so I didnt go any lower. Some houses go so quick. some not. If you have a good realtor, they will advice you correctly. Give Gail Evans a call. Shes marvelous 352-874-1504.

They are for sure. We just bought ours for 10k under asking. Many new homes available, so they have to entice you somehow!

Another vote for Gail Evans!

kathy

Doesn't that only apply to the first owner of a NEW home?

Developer controls the new home price, but that doesn't mean that the develop doesn't drop prices. I have mentioned before on here that the developer in Marsh Bend has dropped a new home price $75K from the initial listing, and it still hasn't sold. For a new home for sale by the developer, you have to work with a developer sales rep, not a real estate agent, to get that price and to be in line properly when the price is dropped to your price.

sportsguy

Short Sale?
 

We found a house up on the north side that is gorgeous inside and out. A lot of money was put into this house and it shows. It has been listed on MLS for almost a full year. It is a short sale with a bank approved sale price. Does that mean there are no negotiations allowed? No reason is given for the short sale: divorce, death, etc.

THEY don't own the pre-owned homes.

THEY do own the NEW homes.

To your question the answer is YES

It is definitely negotiable, but the owner may need permission from the bank to sell it at a lower price.

absolutely they are. There's info out there that pre-owned sell at about 95% of asking price, so you've a bit of wiggle room, depending on the property and the owner.

The listing prices IS the lower price from what I can tell.

A short sale just means that the bank is involved in the sale because the house is being sold for a price that is lower than the owner owes on the mortgage. But, you can make an offer on the house for whatever you think it is worth to you. I would just make an offer and see what happens.

I would approach the lender and see what they may be willing to do as it will take a while once you do make an offer to get a price okayed by them. It will be nice to know ahead of time if you need bother at all. The owner is upside down on his loan but I imagine the lender does not want it as a REO.

That is like asking a car dealer if they will accept an offer lower than the asking price.

The easiest way to find out is to make your offer for the house and specify it will expire in three days. In three days you will have your answer.

I was going over the changes in their asking price. High was $236k, low was 211.9k. Now asking $218k. The low was last fall with a pending offer that apparently fell through. That’s when they raised the price to the current one. We are planning a trip down next month. Hope to find out more about the situation.

That is not how it works as the lender as well as the owner must approve the offer and being bureaucracies they tend to take their time. An offer's three day time limit means nothing to them. They don't care. My point is that it is a good idea to first attempt to inquire of the lender about what they may be willing to accept so that if it is way out of line you need not waste your time. You can always make whatever offer you want of course.

Not that I claim to be an expert but I have gone through this a few times and bought REOs as well. Some have taken six to nine months to obtain a purchase agreement accepted by all parties concerned.

In negotiations it is of course usually better to get the other side to name a price first. We all know that.

That long? Even if it’s been listed for 3 days short of a year? Seems they would want to get it off the books ASAP. We aren’t in any big rush, but don’t want to stand around that long.

Here’s the listing: 1837 Sanibel Ct, The Villages, FL 32162 | MLS #O5798167

I experienced those kind time periods a few years ago in a volatile market area when the housing market was in a major downturn and many highly leveraged houses flooded the market. I think in those particular 6-9 month situations the lenders were sitting back awaiting better offers. Perhaps they were expecting the market to strengthen and they would get better prices. I don't know. That is only a guess. If lenders become desperate they may even offer below market financing rates. On one REO I obtained both an incredible price and below market rate financing. It just depends...

My point is that if you can try to get a grasp of the lender's position and criteria ahead of time you can determine whether it may be worthwhile to proceed on this particular house. It is not the usual buyer - seller deal. It is a three party deal. The lender usually is on top of the market and knows what kind of hit it has to take.

OK I just checked the listing. Good news (I think). PRICE APPROVED. The way I interpret that is the lender approves a sale at the listed price. Of course you can make an offer for any price you wish. Best of luck!

Thanks! Great information. We’ve bought a sold a few houses in our time but this is the first time we’ve been down this road.

The house doesn't look like a bargain to me. Zillow says the house is worth $213,331. I wouldn't even offer that much for it. The house is 20 years old, and you would be paying more than almost every house on the street. If the house was a bargain, a real estate agent or investor would have bought it by now. In that price range, there are plenty of newer houses that you can buy. I would also point out that an owner who cannot make the mortgage payments is likely to have neglected the maintenance on the house. When I make an offer, I give the seller 24 hours to accept it. And, in my experience, banks are a real pain to deal with, and they are rarely willing to give you a bargain price. Also, the bank is not going to lose money either way because the loan is probably insured. Just my opinion. Good luck.

You could be right. I reminded myself that those pictures are a year old now. Anything could have changed in that time. Thanks for the input.

I agree that banks don't care. But, I wouldn't waste my time with them, especially since this house doesn't look like a good deal anyway.

Yes they are negotiable. I would also advise working with an MLS Realtor as well as a Villages agent This way you will get to have the opportunity to see all preowned homes that are for sale that meet you criteria. I highly recommend Katy Kelly from RE/MAX Premier Realty. She can be reached at 352-355-7982. She is very familiar with The Villages homes.

Never heard of this anywhere. Who says a seller can't sell for any price they want to sell it for?