Resale Housing Market Rigged?

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  #16  
Old 11-13-2017, 12:46 PM
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When we bought 8 years ago, we looked at re-sales with both MLS and Villages agents. We were only interested in a re-sale so we could move in a couple of weeks later.

New homes need landscaping, upgrades, etc. The bond is a big difference between resale and new. Price on a resale is negotiable but price on a new is not negotiable. Makes a huge difference!

All in all, we found a perfect home. Friends who moved in the same time to new homes are very happy, too.

The Villages is a great place to live!
  #17  
Old 11-13-2017, 01:02 PM
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I disagree. Preowned are the most favorable of all, always MLS. I get the MLS feed every day via Zillow. From my perspective (designer) I see homes that are underpriced by 10% or more once a qtr. Approximately five to eight annually depending upon your definition of value. I suspect some of the pricing is the agent as much as the owner.

Never do I see a VHS home underpriced, never.
  #18  
Old 11-13-2017, 02:53 PM
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If you just compare house to house than resale is overpriced. When you dig a bit deeper you figure out why. When you buy new you have to add a washer and dryer, attic stairs, landscaping, blinds, and a few other things. Usually the bond will be 10 to 20K lower on a resale. When you compare everything usually the resale is cheaper. So if you find what home you like in a location you like, you can buy a lot of paint and flooring to make it your own for what you will save.

Most who buy new will spend another 20K on things they need and have a much higher bond day 1.
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Old 11-13-2017, 03:28 PM
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I prefer re sale simply for location. When I look back at the pictures of our first villa and see all of the home improvements we have made to our taste, it hardly looks like the same place! And those improvements are a tax write off since it is a rental for us... Peace out!

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  #20  
Old 11-13-2017, 06:45 PM
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Quote:
Originally Posted by npwalters View Post
We bought pre-owned through ReMax and also looked at several with TV realty. The quality was comparable with both realtors. We opted for pre-owned because we like the areas in the northern third of TV due to more mature and natural landscape and the homes in those areas are older. The bond was paid on our home so the price we negotiated was the actual total price. We ended up using ReMax because the house we chose was listed with them. The realtor - Leslie Harker - did a great job showing us several. One with TV was a very close second choice and that realtor was great to work with too.
We did too and had a similar experience. Not only was the price excellent but the $24k we would have spent on a bond covered many upgrades to get what we wanted.

The market is certainly not rigged. With resales, if you don't like the updates, don't buy it, simple. As far as painting, Even new you get a one bland color interior. Most paint colors they like.
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