Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Pre-Owned Homes Staying On The Market for Months (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/pre-owned-homes-staying-market-months-271004/)

Packer Fan 08-26-2018 06:55 PM

Quote:

Originally Posted by andercat (Post 1575265)
The house backs to Buena Vista Blvd. That is a busy road. Maybe that is what is holding up the sale. Just a theory.

Totally agree with you . Throw in the fact the furniture is dated, and the concrete needs to be power washed BADLY. They are trying to recoup the cost of the new Roof and water heater in the price, but it obviously needed it. I would power wash it, and drop the price to 199, it would sell in a day. Might want to replace the table also. The other issue is it is only 2 bedrooms......

graciegirl 08-26-2018 07:34 PM

Quote:

Originally Posted by Packer Fan (Post 1575442)
Totally agree with you . Throw in the fact the furniture is dated, and the concrete needs to be power washed BADLY. They are trying to recoup the cost of the new Roof and water heater in the price, but it obviously needed it. I would power wash it, and drop the price to 199, it would sell in a day. Might want to replace the table also. The other issue is it is only 2 bedrooms......

I agree. The front has mold on it near the eaves as well. Get rid of the furniture . I would love to stage it. People don't realize how removing this or that or adding this or that makes a world of difference in how fast a home sells, if all things else are on target. NO. I don't do staging. I just recently watched our daughter sell her house and she updated several light fixtures and got rid of some furniture and priced it fairly and it sold the first day.

This housing market in The Villages is hot. You have to compete with what is out there.

Schaumburger 08-26-2018 07:35 PM

[QUOTE=graciegirl;1575233]
Quote:

Originally Posted by Schaumburger (Post 1575167)
Just wondering why some pre-owned homes stay on the market for many months? For example, a turnkey courtyard villa in the Village of Santiago listed on the MLS has been on the market for 9 months. Looks really nice in the photos, fairly neutral decor, doesn't look really outdated to me, and doesn't seem to be really high priced ($205K). Or maybe this is too highly priced? I'm going strictly by the on line photos; I have not seen this CYV in person.



Can you link us to the one you are discussing? I love looking at homes.

It looks like several people posted the listing before me. The answers have been very enlightening. Common sense would seem to dictate that a house on the market for 283 days is priced too high. I would think the owners would have realized this by now, but I guess they want a certain price so...

Fraugoofy 08-26-2018 08:35 PM

Quote:

Originally Posted by Schaumburger (Post 1575167)
Just wondering why some pre-owned homes stay on the market for many months? For example, a turnkey courtyard villa in the Village of Santiago listed on the MLS has been on the market for 9 months. Looks really nice in the photos, fairly neutral decor, doesn't look really outdated to me, and doesn't seem to be really high priced ($205K). Or maybe this is too highly priced? I'm going strictly by the on line photos; I have not seen this CYV in person.

For those of you who are familiar with the real estate market in TV, what do you think?

Sometimes people have smoked inside their homes. Makes it hard to sell. Sometimes it has sat with no A/c and there is mold... I would not buy a used house sight unseen... in this particular case, the home appears not well taken care of, as other posters have pointed out. There are no real upgrades in this house at all...

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manaboutown 08-26-2018 08:44 PM

A smoked in house is a deal killer for most home buyers.

tophcfa 08-26-2018 09:49 PM

Simple law of supply and demand. If a home is priced right, relative to other buyers options, it will sell in a reasonable time frame.

SnowflakeinDeLaVista 08-27-2018 04:59 AM

I havent looked at this home, but, in addition to some of the other comments, here are some thoughts: Houses sell faster when there is more competition for them and in the Villages that means the busy season. We have been in the off season for a few months. I live in a great location between Sumter and SS, and there are homes going up for sale in my little community at a pretty fast clip because of the age of the residents, so there has been a lot of competition for the buyer this year. Something you can't see in the pics is the smell. Many who struggle to take care of themselves, also struggle to care for their aging pets. I've walked into a lot of homes that smell really bad of pet odors. If you're going to rip out the carpet and paint anyway, then its no big deal but if there are 3 homes similar to each other in looks and price, are you going for the one with the funky smell? Don't know if this home has that problem. It says turnkey? The price seems good for a Courtyard Villa. Maybe there have been lotsof them on the market and this one just needs some updating. Price seems a little low. I'm seeing $229k and up for some of those.

Rwirish 08-27-2018 05:19 AM

Perhaps no one is interested at this time. It doesn’t imply there is a problem.

Laker14 08-27-2018 07:09 AM

As a potential buyer, I see some problems. The first thing I noticed, as has been mentioned, is the busy street bordering the back yard.

The second thing I noticed is the location, which for me would be a bit too far north and west, making it a bit further away from the more centrally located courses and features and friends, than I'd like to be. From what I've seen looking at listings, the closer you are to the edges, especially the north edge, the lower the demand.

The third thing I notice is that while being backed by Buena Vista, it lacks easy access to it by golf cart. This seems to me to be the worst of two worlds. Listening to the traffic, and yet still having to take a circuitous route to get to it if I want to use that particular way to get south.

People list properties with varying mindsets. Some want to sell, and get their money out of it as quickly as is reasonable, and some just want to dangle it out there, figuring if I get a bite and my price, great, if not, I'll take it off the market. Looking at the list price history of this particular property, I don't think this seller is particularly motivated to sell.

I agree with others, that this property could sell, if the seller was willing to take fewer dollars than what it is being listed for. On the other hand, if the seller is patient, he/she may find just the person who would find this property well suited for them.

DReifinger 08-27-2018 07:16 AM

The villa we purchased was on the market one day. We saw it that evening and made an offer. After six years, two trips a year meeting with the same realtor (what a gem and now wonderful friend) we found the “perfect” home for us. All that time looking at homes and we finally saw the privacy and tranquility of our courtyard villa and it was a match. It will sell, it just needs the right person.

Love2Swim 08-27-2018 07:58 AM

Quote:

Originally Posted by Packer Fan (Post 1575442)
Totally agree with you . Throw in the fact the furniture is dated, and the concrete needs to be power washed BADLY. They are trying to recoup the cost of the new Roof and water heater in the price, but it obviously needed it. I would power wash it, and drop the price to 199, it would sell in a day. Might want to replace the table also. The other issue is it is only 2 bedrooms......

I agree. The furniture is dated, nothing much in the way of decorating - the place just doesn't show well. The HVAC will need to be replaced in a couple years as well, although the new roof is a bonus. Backing up to Buena Vista is a definite minus. A real estate person from The Villages told us that homes north of CR 466 are always going to get less than those south of CR 466, due to age and location. I personally didn't like the carpet they had chosen, nor the tile. It needs new appliances, and granite countertop. Plus, it looks like it has the lower ceilings as opposed to volume ceilings, which is a negative.

mellincf 08-27-2018 09:06 AM

A former Realtor here. The answer is always the same: location, condition, or price. In addition, "turnkey" usually means "old furniture" here. I admit I haven't seen the house, but remember, when selling a home you are competing with the professionally decorated model homes The Villages are selling. Even at a different price point, model homes are what buyers have seen and then (unrealistically) expect.

deestatham 08-27-2018 09:21 AM

Price, Location
 
I sold real estate for 10 years. I know that the Villages is a unique market but some factors apply to ALL. Location and price apply to all. Trust me, if it’s priced right, it will sell. There is a lot of competition in the Villages, so price it right and it will sell. Leaving it sit on the market for 9 months is not cost effective. Being stubborn about the price stigmatizes the property. The longer it sits, the more buyers will move on to another house. Listen to your realtor.

Shoresands 08-27-2018 09:26 AM

If you look at the map you will see why. It is a long way to El Camino Real to go anywhere. If it had easy/quick access to Buena Vista it would go in a heart beat. If not for that I would have bought it last December when I was actively looking down there.

graciegirl 08-27-2018 09:34 AM

I agree that being on the market for a long time stigmatizes a home. People wonder "What is wrong with it?".

When we sold our home in Ohio, our agent said that you should be able to sell this home in the first week. She said, I am not your friend now, I am the truth teller. Pull up all of your perennials, they look dead. (It was winter) Paint your lovely blue bathroom a nice neutral shade. Replace your cushions on the deck and porch, they look a little tired. Get rid of the bookcase in your bedroom. I see you have replaced your light fixtures and your kitchen and bath surfaces with granite, good. Etc. Etc. We cleaned and we polished and we discarded. Our closets were a work of art.

We had a bidding war, three offers came in with no contingencies and we sold to the highest bidder who had cash in nine days.


HOWEVER. IN summary, houses usually do not sit for any time in The Villages if they are priced fairly, don't smell bad, and all things else are equal.

Disclaimer. I am not a realtor or an agent, never have been.... just a retired preschool teacher who likes to look at houses on line and on HGTV.


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