Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Price drop (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/price-drop-359014/)

BPRICE1234 05-28-2025 12:42 PM

Quote:

Originally Posted by Mrmean58 (Post 2434583)
Is this a serious question? Do car manufacturers tell the public when they drop prices or offer incentives? Just one example. Why would any business do such a thing?

Actually we all know when end of year pricing for cars goes into effect. So yes, this is a serious question and yours was zero help.

ElDiabloJoe 05-28-2025 02:04 PM

Quote:

Originally Posted by Rsener (Post 2434608)
First of all don’t buy a new home there are great deals on older homes . Lots of extras already installed . Most have no bond , most have bigger lots . Bin here ten years the best place too live is above 466

Wow! Somebody wants to try to keep their home values up, lol.

O.P. You absolutely should wait. Generally, the longer you wait, the easier it will to see if a price is going to drop.

CoachKandSportsguy 05-28-2025 02:18 PM

Quote:

Originally Posted by ElDiabloJoe (Post 2434735)
Wow! Somebody wants to try to keep their home values up, lol.

O.P. You absolutely should wait. Generally, the longer you wait, the easier it will to see if a price is going to drop.

To prove there was a bottom in prices, you have to start to see prices rise, which may be proceeded by a flat price for a long period of time, or maybe not if certain economic events occur.

BrianNotFromNYC 05-28-2025 02:21 PM

I think you need to understand the current market. Next, location is everything. Next, if it's a resale, you don't know if the sellers started to high and are realizing the market is correcting to a buyers market since interest rates are up. In short, you need to decide what the real price will need to be and make an appropriate offer, and go from there.

BillyGrown 05-28-2025 02:32 PM

One thing is certain
 
One thing is certain, prices haven’t started climbing yet. Most have or are still going down.

Normal 05-28-2025 07:08 PM

Yep
 
Quote:

Originally Posted by BillyGrown (Post 2434745)
One thing is certain, prices haven’t started climbing yet. Most have or are still going down.

I have yet to a home here for sale with “price increased”…lol

I do feel we may be close to the bottom, but then again you can never be too sure.

Jayhawk 05-28-2025 08:22 PM

Quote:

Originally Posted by mtdjed (Post 2434571)
In the Villages, there is no such thing as remaining homes. There may be remaining homes in a particular area. Usually the runt of the litter.

Thats life. Offer a price $20 K lower.

They do not consider offers below the stated price for new homes.

dougawhite 05-28-2025 09:10 PM

Quote:

Originally Posted by asianthree (Post 2434704)
Since 2004 (could be earlier) as a village near completion and new area started. The few Unsold homes were discounted. In your closing paperwork the paragraph “if you DO NOT CLOSE on Closing date” all discounts will be removed. Discounts were a percentage of original price.

I'm in a 2004 neighborhood, Ashland, and all my neighbors who bought then said the market was HOT, HOT, HOT. If you didn't put your money down the day a site or home came on the market, you lost it to someone else.

CoachKandSportsguy 05-29-2025 07:20 AM

Quote:

Originally Posted by BillyGrown (Post 2434745)
One thing is certain, prices haven’t started climbing yet. Most have or are still going down.

Although currently appears true, will the OP only buy with rising prices as proof of rock bottom prices, or will the OP not buy because he waited for rock bottom and missed it. .

buying into a rising market from a substantial period of stable prices is a better bet, but not a guaranteed bet. The future is always uncertain, sometimes more uncertain that at other times. ..

ElDiabloJoe 05-29-2025 08:40 AM

Quote:

Originally Posted by Normal (Post 2434768)
I have yet to a home here for sale with “price increased”…lol

I do feel we may be close to the bottom, but then again you can never be too sure.

Really? A home in Eastport at 7956 Jeff Anderson Way just increased its price from 325K to 328K. At least according to the RedFin alert I received this morning.

justjim 05-29-2025 09:52 AM

Currently it’s a buyers market in The Villages. That is true but still there are many houses over priced and sellers attempting to get twice what they paid for it two or three years ago. Occasionally a buyer will come along with a satchel full of money and offer very close to the asking price because they can and the property is very close to what they want. It’s an interesting real estate market (a relative new buyers market) in The Villages but overall a better market here for the buyer and seller than you will find elsewhere because it’s still The Villages and it’s still a wonderful place to retire and live. Fore.

margaretmattson 05-29-2025 10:40 AM

Quote:

Originally Posted by ElDiabloJoe (Post 2434872)
Really? A home in Eastport at 7956 Jeff Anderson Way just
increased its price from 325K to 328K. At least
according to the RedFin alert I received this morning.

Small increase or decrease in price returns the home to page one on MLS. It is a trick realtors use to get more views of the home.

ElDiabloJoe 05-29-2025 11:04 AM

Quote:

Originally Posted by margaretmattson (Post 2434908)
Small increase or decrease in price returns the home to page one on MLS. It is a trick realtors use to get more views of the home.

Of course. Occasionally also done when a planned update or renovation is completed on the listed house (i.e.- replaced bedroom carpeting or painted interior).

Normal 05-29-2025 02:02 PM

Yes
 
Quote:

Originally Posted by justjim (Post 2434896)
Currently it’s a buyers market in The Villages. That is true but still there are many houses over priced and sellers attempting to get twice what they paid for it two or three years ago. Occasionally a buyer will come along with a satchel full of money and offer very close to the asking price because they can and the property is very close to what they want. It’s an interesting real estate market (a relative new buyers market) in The Villages but overall a better market here for the buyer and seller than you will find elsewhere because it’s still The Villages and it’s still a wonderful place to retire and live. Fore.

I would sit tight. It isn’t like prices, if or when they start back up again, will skyrocket overnight. They are still moving downward.

Sharkey 05-29-2025 10:06 PM

Quote:

Originally Posted by Rsener (Post 2434608)
First of all don’t buy a new home there are great deals on older homes . Lots of extras already installed . Most have no bond , most have bigger lots . Bin here ten years the best place too live is above 466

Good to know...but do you mean north of 466 or north of 466A?


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