[armywrestle]

Originally Posted by KRMACK55

Look at other areas then. If you buy a new house you will find that you need to sign a waiver for the villages to use aluminum rather than lumber and every year they make the houses cheaper offer less and lots get smaller. My house is 2 years old and I want to sell. It’s a large house and the only bites I’m getting in Fenny are people looking to list flip or want a bargain. I may be forced God help me to use a realtor as I want out by September.

Expand your search. Prices won’t go down as interest rates go up.

Can you share info on home please???? We are interested in your home most likely and can close FAST----------cash.

[LateBoomer]

I think as soon as the Fed raises interest rates (due to obvious inflation caused by a surge in deficit-spending by the govt), the housing market is going to cool off in a big way. That being said, TV is picking up something like 4,500 new residents a year. The demand for housing here is going to remain high as will prices

[Bellavita]

supply and demand regulate any market, Real Estate is up nationwide, because rates are so low. Buy a used home with the bond paid off. Buy something you can fix up easy, carpet paint granite.

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

[JoyceI]

The tariffs are the reason we bought in 2018 before selling our other Florida home. We figured prices would increase. Factor in low interest rates and COVID and tada. Tariffs have not decreased and they are actually looking at increasing tariffs on Canadian lumber. As interest rates stay low I would expect continued pressure on availability and price. We have owned a home we lived in for 10 years and sold for less than we paid. Also had a house in NJ we lived in for 2 years and sold for 40% profit. Land value was that catalyst. My crystal ball does not work. Look at your situation and if you are comfortable buying and planning to stay a while, buying may be an option. We are in Fenney. Resales do not stay on the market long. My guess is prices here are up 30%. Please also realize most resales have window treatments, crown molding, enclosed lanai, pavered driveway, garage floor sealed, water softener, water treatment and/or other things you may add to new construction. If finishes are to your liking you may be ahead of the game.

[Penglobal]

Hi All -
I again sincerely appreciate all your guidance, suggestions and also wish to thank everyone for their private messages. I wish that I could respond to the private messages but my computer virus program is preventing me from responding. I have no idea how to turn-off the virus protection.

As I previously stated, renting for me now is much easier and much cheaper than buying. Today, I just rented a lovely home for only 21K for the entire year, utilities included and the home is brand new and recently purchased for over 460K. Also, the house comes with a new golf cart I can cruise around in and I believe that 2 of the 3 bathrooms have never been used.

In my humble opinion, the price of homes will peak in the next 18 months and I believe that the pricing home bubble will pop and I don't want to be stuck with an over priced home. Thanks again! And I am from the Keystone State.

[Yvonnebang]

Originally Posted by armywrestle

Have been trying to connect. Can you share price info. please?

Send PM pls!

[Dr Winston O Boogie jr]

Originally Posted by Penglobal

Hi All -
I again sincerely appreciate all your guidance, suggestions and also wish to thank everyone for their private messages. I wish that I could respond to the private messages but my computer virus program is preventing me from responding. I have no idea how to turn-off the virus protection.

As I previously stated, renting for me now is much easier and much cheaper than buying. Today, I just rented a lovely home for only 21K for the entire year, utilities included and the home is brand new and recently purchased for over 460K. Also, the house comes with a new golf cart I can cruise around in and I believe that 2 of the 3 bathrooms have never been used.

In my humble opinion, the price of homes will peak in the next 18 months and I believe that the pricing home bubble will pop and I don't want to be stuck with an over priced home. Thanks again! And I am from the Keystone State.

Property values in The Villages have never gone down in any year since 1985. I understand your concern about the bubble bursting, but The Villages is not like any other place in the country.

[Dr Winston O Boogie jr]

Originally Posted by mike1946

Try over on the Historic side - you can get more sq ft for your $$ and The Villages is the only place in the USA where a manufactured home goes up in price - there is also no bonds or impact fees like in Sumpter 'cos it's all in Lake County. You will get no thru traffic and lovely old live oaks and mature landscaping plus 1 cc. 2 pools, 1 rec with pool 1 rec without, softball field, bocce, horseshoes, petanque, tennis 2 executives + 1 championship, gas station and convenience store, decent mexican restaurant, great dog park, and fitness walking trail and lakeside grill picnic area, archery range... it's a quiet little mini villages that no one buying in the south knows about and the golf cart bridge connects you to SS in 5 minutes plus our secret golf cart gate to stores on the east side of 441 e.g. Lowes, Bealls, Aldi and many more .... It's my slice of heaven.

I have a six year old three bedroom, two bath Sun Kissed cottage home in Silver Lake that I'll be selling. It has a two car garage and is turnkey.

There are three pools, two golf courses, three rec centers, and tennis courts.

There is no bond in that area. Insurance and taxes are very low.

I'm asking $265,000.

My house is just like this one.
Homefinder - The Villages(R) Homes and Villas for Sale

[manaboutown]

There is plenty of upside IMHO. People are fleeing high tax - high crime major cities. Most are escaping to relatively safe low tax havens having decent weather. The Villages has about as little downside as anywhere. How does price appreciation in TV compare to that in the Boise area where prices had as of January 2021 tripled in ten years? Zillow: Boise housing market tripled in value since 2011, the largest increase in the nation | ktvb.com

Access Denied

[Babubhat]

Prices are still low relative to the Northeast. Eventually the smart ones will flee that area and free up their equity

[LateBoomer]

$21K down the toilet. if you're planning to be here many years, buy in. and buy in soon

[Laker14]

Originally Posted by LateBoomer

$21K down the toilet. if you're planning to be here many years, buy in. and buy in soon

not really 21K down the toilet. She's not paying any of the 13K-15K carrying costs (amenities, maintenance, taxes, insurance, etc. etc.). She's not paying interest costs on a mortgage. 21K for a year, for a nice place, is a good price. Yes, prices may go up, but they might not. The money she didn't have to put up for down payment etc. may do well otherwise invested.

Nobody really knows.

[Papa_lecki]

Originally Posted by LateBoomer

I think as soon as the Fed raises interest rates (due to obvious inflation caused by a surge in deficit-spending by the govt), the housing market is going to cool off in a big way. That being said, TV is picking up something like 4,500 new residents a year. The demand for housing here is going to remain high as will prices

Since, according to Inside the Bubble, half the VIllages buyer pay cash - and many of the other half probably could (why pay cash when your can borrow at 2%) - not sure increased rates will affect the market.

Cool Facts About The Villages Florida

[vintageogauge]

Originally Posted by Laker14

not really 21K down the toilet. She's not paying any of the 13K-15K carrying costs (amenities, maintenance, taxes, insurance, etc. etc.). She's not paying interest costs on a mortgage. 21K for a year, for a nice place, is a good price. Yes, prices may go up, but they might not. The money she didn't have to put up for down payment etc. may do well otherwise invested.

Nobody really knows.

She's loosing out on any appreciation which could be a lot more than carrying costs. The new homes south of 44 have been going up consistently since opening in 2017, several price increases every year and then this years crazy high increases. I don't think they have maxed out yet. Just one man's opinion right or wrong.

[Papa_lecki]

There are 41 million Americans between 50 and 60. In the last year, many of those 50 somethings realized they can work from anyplace with an internet connection. Why not work in a house with 54 holes of golf within 10 minutes of your garage? And have your retirement home to boot.