[kendi]

[QUOTE=stadry;1756526]we're 2 who started at the wrong time,,, bought into villages last jan w/5-1 closing date,,, everything's fine til we fsbo our home & here comes the kung flu,,, magnanimously our seller agreed to cancel contract rather than defend in ct so we got 80% of deposit back.
we're still in atl north & prices are dropping here as well,,, thankfully we're no longer on mandated lockdown so we'll probably now see an increase in buyer traffic
if what vintage says is true, 10,000 boomers took the hit along w/the rest of us[/QU

It may have been the right time. Home prices will keep going up. You'll only pay more next time if you choose to buy in TV.

[Keninches]

Originally Posted by vintageogauge

Also remember that older homes with bonds paid or lowered may be ready for new roofs, furnaces and air conditioners, they are not insulted as well as the new homes and don't have the wind rating of the new homes. It all balances out new or old so it just boils down to where you want to be.

Resale houses to the north, most do have bonds paid, after 2000 they were built with hurricane standards, and now insurance companies are requiring new roofs for houses of 20 years or older. Lots of renovations as well. But it’s your preference.

[MarkGoldberg]

Originally Posted by rustyp

I have been paying attention for the last couple months to houses for sale in the classifieds of our local newspaper. My observation for both The Villages and MLS listings is the same old houses are listed everyday. The same old perky million dollar producers and great views, won't last long, etc. but again same adds everyday. That seems to suggest nothing is moving. Anyone else observe this ?

Let’s make a couple of clear observations.
How is real estate doing in the rest of the country during the pandemic.
Most importantly, who can come and visit the Villages right now? Most buyers are relocating retirees. They’d be hesitant to drive now from the NE, who wants to fly until this is over, why would you come for a Lifestyle visit when you can’t enjoy the lifestyle.
Once the pandemic is truly over, sales will go up. Quite frankly, they may skyrocket as all of those waiting to visit and buy will all flock down at the same time.
Those are my thoughts.

[ficoguy]

I hear the same thing from my sales guy who sold me my place in 2016. Also, late last year the developer started putting the hammer down on the sales people - they wanted more volume and were paying less commissions. A couple big name sellers left to go to other realtors - I heard they met the unfriendly legal counsel of TV that says they have a covenant not to compete for 2 years and 40 miles radius....

[vintageogauge]

Originally Posted by mowdie

So during the month of April 270 homes were closed on. So most of those homes were under agreement prior to this quarantine.

It did not say they were closed it stated only that they were sold. Also when we bought our home we closed in 8 days, it really doesn't take long to close on a home down here. Some of the homes might have been under contract in early march but my guess is that most of them were under contract after the quarantine. More than 25,000 people from the New York metro area have migrated to Florida since the quarantine as quoted by our Governor last week so the borders are not closed by any means.

[vintageogauge]

Originally Posted by justjim

Likely the closing date on these homes (contract could be 60 days or older) and they were definitely resales not new ones controlled by Property of the Villages.

These were both new and used homes sold by both TV and MLS agents and I have to revise my original figures. There were 270 homes sold between 3/31 and 4/21 that is only a 3 week period that is over 12 per day.

[fortstephenson]

Monday May 4th I am closing on a home north of 466. It was on the market one day. Happy with the price and location. I am optimistic about the future.

[LiverpoolWalrus]

Are there no realtors on this Forum that can shed some light on the state of Villages real estate?

[Indydealmaker]

You had no basis for a lawsuit. You got away with being a bully.

[retiredguy123]

Originally Posted by LiverpoolWalrus

Are there no realtors on this Forum that can shed some light on the state of Villages real estate?

Real estate agents work for sellers, so any information they provide would be biased. I suspect that they are telling everyone that it is a great time to buy a house.

[Tsalla Apopka]

Looking in Zillow I see the competition for new homes is getting very strong. Places like On Top of the World in Ocala have all the amenities along with golf cart access.
Every time you turn a corner in Ocala there is a new development popping up.

[LiverpoolWalrus]

Originally Posted by retiredguy123

Real estate agents work for sellers, so any information they provide would be biased. I suspect that they are telling everyone that it is a great time to buy a house.

True, those of us who follow real estate have never seen a time, ever, where their marketing materials didn't say "it's never been a better time to buy."

But what I had in mind was a realtor who could give us raw data for March/April for things like Days on Market, closing price compared to asking price, original list price vs sale price, etc., compared to March/April of last year, or compared to a few months ago.

[jacklaurie]

You must be looking at the wrong site. Houses are selling fast, but they remain online until closing. This means the house remains for usually at least 45 to 60 days.

[Villagerjjm]

I have noticed that the pre-owned for sale section that comes once a week has gotten quite a bit larger.

[mcpeters]

Originally Posted by BeauJangles

House behind us sold for asking price - $259,000 - 8 days after listed. Probably went for $140,000 new. It did include used golf cart. Nothing wrong with that deal.

It most likely was priced to sell.