[richs631]

Originally Posted by Penglobal

Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.

In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.

How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?

I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !

I have no idea what to do, please help. Thank You Susan of Lancaster

IMO I would not buy a home now but that easy for me to say because I’m already here You can wait, but more than likely your home up north has also increased in value

[Bogie Shooter]

Originally Posted by J1ceasar

You do realize there are plenty of other Senior communities besides the villages? Just four miles west of Brownwood is a perfectly wonderful place called Pennbrooke Fairways with 27 holes of golf. 1200 homes and the people are very nice. Homes here are anywhere from $150,000 to $300,000. You don't get free call for life but you save $100 to $200,000 on a house and the HOA fees include cable and internet which will save you another $1,000 a year at least.

West??

[DAVES]

Originally Posted by Penglobal

Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.

In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.

How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?

I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !

I have no idea what to do, please help. Thank You Susan of Lancaster

No one can answer what is a reasonable question to ask. We went through it with our previous home. We bought it 40 years ago. We put down what my parents paid for a home roughly twice the size of what we bought. Our mortgage was 8.75%. I remember saying thinking it will never go up from what we paid. We sold it before buying in the villages for six times what we paid.

Woulda, shoulda, coulda, mighta. We, I could say the same thing about stocks and so many other things.

People tend to focus on one thing at a time such as the rise in price for a home in the villages. If, you own a home in Pennsylvania and plan on selling that , that too has gone up.

We have friends in the Pocanoes, or however it is spelled and they are happy. You can be happy or miserable anywhere.

[merrymini]

Do your math. The market does not change what you can afford. Yes, prices have gone up because of other conditions. Those prices will always fluctuate because of other conditions. Will the prices come down. Who knows. But you will not find the answer on this forum.

Beware the “stories” like “we sold our house in two minutes,” “I made double what my house was worth two minutes ago.” Could happen, but not likely.

[Penta]

For the preowned homes north of 466 you usually won't have to pay a bond.

[pgoodley]

Hello Susan. Are from Lancaster, PA? My husband and I are from Lancaster. In answer to your question, do it now. My sister, also from Lancaster, is moving also. She has moved up her timetable from Jan 2022 to next month to visit us to buy a home. Prices keep going up, but they are in PA also. So hopefully if you are selling a home in PA, the over asking price you receive will help cover the extra cost in The Villages.

[DAVES]

Originally Posted by Garywt

I have not looked for a month or 2 but there were a good number of Villas in the $200,000+/- range just as there were 2 years ago. We bought a Villa 2 years ago and love it. Our house up north was $215000 26 years ago, $450,000 2-3 years ago and about $750000 now so prices are crazy everywhere. If we could sell up north we would be in great shape but we can’t. With building materials up so much who knows if prices will ever come down.

Real estate and people's thoughts are both interesting. Our home is worth ?????? but no one will pay that for it.

[KRMACK55]

Originally Posted by Penglobal

Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.

In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.

How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?

I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !

I have no idea what to do, please help. Thank You Susan of Lancaster

Keep in mind if you build you have to sign a waiver they’re using aluminum in place of wood wherever they can and build time is 8 months. Buy a house 1-5 yrs old and get a better house and deal. I’m selling my house after 2 years as I’m moving north to cooler temperatures. Keep in mind that sales staff at the villages do not represent you they represent the owners of this place. They don’t negotiate pricing on your behalf. Good luck

[OhioBuckeye]

Originally Posted by Penglobal

Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.

In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.

How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?

I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !

I have no idea what to do, please help. Thank You Susan of Lancaster

Go to N.Y. City or California & check out homes there, you’ll feel much better then. Some places here in the Dallas/Ft. Worth area they’re used homes are selling for $100,000. more than they paid for them.

[newgirl]

Exactly! In 20 yrs these houses will be family owned or damn near free since we have not replaced ourselves ( birth rate dropped) since the 60's.

[gatorbill1]

Florida home prices go up and down a lot based on number of hurricanes and direct hits. Had a home in Boca that tripled in price in 3 years then after 3 hurricanes in 2 years, I sold it for less than what I paid for it.

[karostay]

Originally Posted by Bay Kid

The value of the dollar has been beaten up this year. Like the home prices in TVs the value will not get any better. Buy now if looking.

Wonder what's causing that to happen

[graciegirl]

Originally Posted by Penta

For the preowned homes north of 466 you usually won't have to pay a bond.

The cost of the bond is figured into the cost of the home after it is fully paid. ALWAYS.

[graciegirl]

Originally Posted by Penglobal

Hello All - I'm Susan, from Lancaster, single and have finally made the decision to buy a home here in The Villages. I'm currently here in The Villages searching for a home and I'm very amazed by the prices of both new and used homes here.

In the new southern area, homes are selling very quickly, supply is low ( compared to last year ) and new homes prices are just crazy. Used home prices are even worse.

How are you guys dealing with the massive increase in home prices within The Villages?
Should I wait until the prices stabilize?

I can't believe that a new house I saw three years ago when Fenny first became developed is now on sale on the used home market for 40% more in just three years !

I have no idea what to do, please help. Thank You Susan of Lancaster

The huge escalation of prices of homes is happening everywhere in the U.S.


See this article from Forbes;
Home Prices Will Increase In 2021. Here’s Where You Might Find Value – Forbes Advisor

[DAVES]

Originally Posted by Penglobal

Hello and thanks, but I disagree with your point of view in that most of us are ARE buying a home as a monetary investment and just because I can afford the current high home prices, it doesn't make it any easier to pay these outrageous prices. I worked and saved all my life NOT to throw money away.

We all need to make our own decisions. I seem to be strange. I investigate, I make a decision based on the facts I have. I laugh at the logic I shoulda, coulda mighta. There are always opportunities we all regularly walk, drive, fly past them without seeing them or sometimes it is acting on them. Regrets, are a waste of time and do nothing positive for anyone.