Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Designer house down the street sold new 2 years ago 269K. Owner put 20K upgrades. Had house on market for over a year. Went thru 2-3 Realtors. Finally owner listed himself for 229K. Sold within 2 weeks. Not sure what he got for it.
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#17
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price
Houses that were purchased in the "boom" times, say 2004-2007 may suffer from a decline in value. It appears that there is still a slight decline in prices of new houses and villas being built and sold now compared to a year ago. Comparable new CYV's are about 4-5% less today than last year.
If you are buying a house that was built/purchased in that high appreciation period, I would expect to buy it at a discount...if you buy new today...the key is that you are NOT buying at the top of the market...maybe not at the bottom but certainly not at the top. I love the financial advisors saying it is not the bottom yet...ha...will they let you know when it is? Did they advise you of the top of the market? The key is to try to remove all your emotion (which is difficult) and see if your purchase appears to be reasonable. Ask your agent to give you comps for the last few years. I think if you buy a new house at today's prices from the developer you will be fine. You'll love The Villages... |
#18
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I could buy my 8 month old villa for a few thousand less new now. My house is already worth less. Luckily I have no plans to move in the next few years.
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#19
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#20
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Every pre-owned designer and premier home i looked at was priced to sell at a loss, when you included the real estate commission.Many were priced at a loss even before the commission, one premier over $100,000 loss and it is beautiful.The only reason my home in TV is worth more than i paid for it , is because of all the upgrades. Put your home on the market in TV now and you'll soon see the market is not flat, but still heading downward.Since i purchased a lifestyle in TV, and have no plans on moving, i'll be just fine . The real estate market will eventually turn around, but it won't be anytime soooooooon.
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#21
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Zillow your house for a fairly accurate graph even if the values are off.
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#22
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#23
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Closed Thread |
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