[old moe]

Originally Posted by mulligan

Yes, any home can be sold at any time, but if within the first year after initial closing, any profit must go to the developer. Presented, read, and signed off at closing.

This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No?

[old moe]

Originally Posted by 57ChevyFI

The unemployment rate has not stabilized, all the government has done is reclassified people who have stopped looking for work so they are not considered "unemployed".

AGREED, and ADAM to that.

[Uptown Girl]

Originally Posted by old moe

This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No?

I think they did that to prevent people with no intention of living here from having a side business of buying/ flipping them.
Personally, I am glad they did it.

[golf4me]

Originally Posted by old moe

This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No?

It is a percentage of the profit if sold in less than a year and it was done to put a stop to "flipping" and it is on NEW HOMES only.I think that's good. Not good when people who don't have a real interest buy a bunch of home to rent them.

[old moe]

Originally Posted by Uptown Girl

I think they did that to prevent people with no intention of living here from having a side business of buying/ flipping them.
Personally, I am glad they did it.

Don't they already have that problem with people that buy mainly to RENTONLY and never live in the home themselves?? When I sold my new home in Sarasota 9months after we moved in ,could not ask same or equal price as brand new because people wanted to pick the lot, pick chooses, put there own upgrades etc., had to keep price lower to compete and still took just under 3 months to sell.

[Bogie Shooter]

Originally Posted by old moe

This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No?

Had you been here when you were give 72 hours to say yes or no to a new home and nearly any home listed sold in 1-3 days, you could have seen what would have happened without that clause in the sales agreement. The speculators would have decended on TV and No One other than them would have been able to buy a house.
Not illegal.
Not a scam.
Are you a villager???

[Uptown Girl]

Originally Posted by old moe

Don't they already have that problem with people that buy mainly to RENTONLY and never live in the home themselves?? When I sold my new home in Sarasota 9months after we moved in ,could not ask same or equal price as brand new because people wanted to pick the lot, pick chooses, put there own upgrades etc., had to keep price lower to compete and still took just under 3 months to sell.

I do not see that rental homes pose a 'problem' to the (new home or re-sale) real estate market in The Villages. Just isn't part of the equation.

Most rental homes accommodate short term visitors, people trying our community out before buying, or those needing housing while their own home is under construction. I do know there are rentals where people have long term leases and those renters consider The Villages their home, but they are a minor percentage of the 100 thousand folks who live here.
If you knew The Villages you would understand.

You can't compare our market with anywhere else in Florida. The dynamic of it is unique. At this time there is not much else that offers what we enjoy here.

Our pre-owned homes sell just as fast as our new ones do. You can see that for yourself on our real estate websites. Many buyers prefer them for lots of reasons.... upgrades, mature landscaping, turn key readiness, low or no bonds, etc.

Selling your 9 month old home in Sarasota in under 3 months is nothing to feel grumbly about in the overall market of today! It IS now sold as you wanted, yes?

[asianthree]

Originally Posted by old moe

This sounds illegal and I would never sign such a form. WHY WOULD ANYONE sign ? Once you buy it ,it is yours to do as you wish. Sounds tooo much like a scam. And if it is legal I would only sell for the price PAID so the developer would be cut out of any profit!!!My selling for more could only help the developer because a buyer would rather take a brandnew home for a lower price, No?

well you should look for a preowned then, otherwise you will signing the same paperwork that the rest of us signed at new home closing

[Ron1Z]

It's a retirement community. People die and children who do not live in florida are stuck with a home that they don't want and need to unload. Home prices rise and fall nation wide.