Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Twice as many pre-owned sold (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/twice-many-pre-owned-sold-42769/)

graciegirl 09-20-2011 03:02 PM

[QUOTE=Larry Wilson;396712]Ohiogirl,
Since I heard it from so many sources that work for The Villaages, I think it is true.
Why don't you call The Sales office and see what they say- if you doubt it.
I really don't care.[/QUOTE

I think they are selling more new homes.

We are closing tomorrow. So I will ask one of the people who will know at the sales office.

Hawkwind was always the one on here who really crunched numbers and also l2rdhd. They always knew how many.

It doesn't matter a tiny bit whether people buy new or used. A dream is still a dream come true.

2BNTV 09-20-2011 03:29 PM

[Gracie]
It doesn't matter a tiny bit whether people buy new or used. A dream is still a dream come true.[/QUOTE]


AMEN!!!!!

Pturner 09-20-2011 03:39 PM

Larry, thanks for the info!

I wonder if the new vs. resale home sales quoted by the sales office only applies to the resales sold by The Villages. It might be just the first time that The Villages Sales Office sold more resales than new.

GG, when you ask tomorrow, would you see if they can clarify this?

It makes sense though that resales will eventually sell more, if they don't already, when you add sales by The Villages Sales Office, MLS and by owner. First, for all the reasons already stated. Second, because the bigger TV gets, the larger inventory of resales there will be.

rubicon 09-20-2011 03:40 PM

The issues that may draw people to pre-owned homes are:

Bond is paid off

Location of the pre-owned home

Pre-owned home has added features, plantation shutters, etc

Pre-owned home flaws either never there or have been corrected

Larry Wilson 09-20-2011 04:40 PM

Who knows who is telling the truth.
 
My first post was quoting 3 people who work in the sales office, a realtor and a neighbor who works at an Regional Rec center.
A person who is looking at new homes this PM was told they sold more new homes! LOL. More than once in here, I have seen it is hard to get a straight answer. Nothing is transparent.

I bet that realtor didn't count MSL or for sale by owners. I can't understand
why the others would lie.

Guess like I said before, I really don't care. If I was buying I sure would buy used for all the reasons listed on this thread.

ssmith 09-20-2011 05:28 PM

pre-owned....
 
sometimes the seller thinks they should get the price they desire + the price they paid for upgrades or paying off the bond thus raising the price of the resale....just saying....

Larry Wilson 09-20-2011 05:33 PM

SSmith,
Agree. Those are the ones who stay on the market for a long time until they accept a reasonable offer for the market.

Doodlegirl 09-20-2011 05:39 PM

My sense is this would be an accurate picture. Here's why.
 
The market outside of The Villages is pretty terrible, fairly difficult to get a mortgage now, many people cannot sell their homes which have been on the market for some period of time.

To make the move here they would be relying on the sale of their home, thus, once a contract appears, there is a somewhat foreshortened period to
get into the house they want...or rent until their new home is ready. Renting
is a difficult concpet for many of us who have owned our homes for a long time.

I had an offer on my home in South FL one week after I put it on the market
in May of this year. The folks buying wanted in withing 45 days. Since I lived in an area with many foreclosures and short sales, apparently my 'clean' and quick house made it easy for the purchasers.

I understood driving to TV that a new built would be out of the question in terms of timing. I needed a place for the doglets too. Wanted no bond or the lowest bond I could find. I bought virtually overnight once here, primarily knowing it would have to be an empty and ready to move into home to balance with the sale period of my buyers, OR, lose the opportunity. I was aware of my budget, knew it would have to be a cyv, and happened on a sort of distress sale in Duval once here and working with my realtor.

Selling in a bad RE market in FL or Oshkosh, and purchasing in the same market...regardless of TV's reputation, I was selling and buying money, watching and risking my future and last home. Really difficult today for so many people (look at all of our wannabees posting here and waiting for their homes to sell). I suspect that a pre-owned in this particular market for many of us on a fixed income will be the norm for awhile more. When there is a buyer on the hook a decision must be made.

Since arriving on the 8th of July I do sense I am in a bubble, and glad to be
snuggly inside, however, the outside world of real estate in the US is a struggle, a real struggle for the majority of sellers. I imagine alot of preowned homes here, for whom sellers are waiting for a sale,are basically in the same shoe. I feel fortunate beyond my expectation to have found exactly what I wanted at the moment I needed it. A new home, to be built, would not have worked for me at all. Tho, I am saddened that the seller of this cyv took a real loss in this market.

While I have made substantial change for my taste and budget, I pretty much got all the bells and whistles of a new home. In many cases, like mine, it is the national market dictating the sales of so many pre-owned homes, the banks, the life savings of those moving to TV. Ultimately, we are all lucky enought to share the amenities and the lifestyle. Maybe that is partly the key, too.

Posh 08 09-20-2011 06:00 PM

And doing all that on just a contract is a real crap shoot. Many contracts are falling apart these days because homes are not appraising right, mortgage difficulties etc.

graciegirl 09-20-2011 06:07 PM

Quote:

Originally Posted by FMF Doc (Post 396715)
Be interesting to see if this is a continuing trend. Properties of The Villages ad in the Daily Sun this morning reads 2,212 new homes sold and 1.336 pre owned homes sold in the past 12 months.

George

Seems right to me. Our village, Laurel Valley wasn't offered for sale until the first of April and all but one lot is sold now. During the past year the Villages of Hemingway and Bonita have been sold out and Pennecamp, Buttonwood, Tamarind Grove, St. Charles and St James and now Sanibel are filling up. Seems like I forgot a couple.

The new Premier village of MacClenny is selling lots now too. I am sure that there are many, many, many resales as well...maybe more, maybe less, but one thing I know; this place, The Villages is not marking time.

We looked at resales when we were looking at our second and year 'round home here and resales were about the same price as new. ON MOST we looked at, the bond was paid down a little but far from paid off.There were many that had the painted driveways, the pull down stairs, the added palm trees, and a lot of other stuff that wasn't my taste at all, like out of date cabinet colors and wall paper and tile with lots of designs and because I am picky, I don't like having to buy a house and change things when I can buy a house and have the cabinets and drawer pulls, flooring, outside color and all other choices the way I like. Yes I said I. I get to pick those things. We will add shelving and a pull out ironing board and fix up our closets and plant extra stuff ourselves. Sweetie likes to do all that.

I don't understand why buying new or resale is an issue at all. All that matters is that every person looking to find a home here finds one to his and her liking. It is a very personal choice and not an ethical one at all.

LivingLarge 09-20-2011 06:44 PM

I think it is just math.

As TV ages the number of new homes that then become 'resale' homes will increase. i.e. If the resale % is let's say 2% then 2% of 40,000 homes is higher than 2% of 20,000 homes.

It is inevitable that resales will surpass new at some point. Maybe that point is now.

Pturner 09-20-2011 07:11 PM

Quote:

Originally Posted by graciegirl (Post 396841)
Seems right to me. Our village, Laurel Valley wasn't offered for sale until the first of April and all but one lot is sold now. During the past year the Villages of Hemingway and Bonita have been sold out and Pennecamp, Buttonwood, Tamarind Grove, St. Charles and St James and now Sanibel are filling up. Seems like I forgot a couple.

The new Premier village of MacClenny is selling lots now too. I am sure that there are many, many, many resales as well...maybe more, maybe less, but one thing I know; this place, The Villages is not marking time.

We looked at resales when we were looking at our second and year 'round home here and resales were about the same price as new. ON MOST we looked at, the bond was paid down a little but far from paid off.There were many that had the painted driveways, the pull down stairs, the added palm trees, and I lot of other stuff that wasn't my taste at all, like out of date cabinet colors and wall paper and tile with lots of designs and because I am picky, I don't like having to buy a house and change things when I can buy a house and have the cabinets and drawer pulls, flooring, outside color and all other choices the way I like. Yes I said I. I get to pick those things. We will add shelving and a pull out ironing board and fix up our closets and plant extra stuff ourselves. Sweetie likes to do all that.

I don't understand why buying new or resale is an issue at all. All that matters is that every person looking to find a home here finds one to his and her liking. It is a very personal choice and not an ethical one at all.

Hi GG,
Wow your forever home is just a day away!

I had not read any of the previous posts to suggest an ethical issue and surely do hope that my post didn't come across that way.

You are right that there is no right our wrong, or moral choice here. When I saw your new home, I knew it was perfect for you. New or resale, I wish that for all of us.

graciegirl 09-20-2011 07:19 PM

Quote:

Originally Posted by Pturner (Post 396867)
Hi GG,
Wow your forever home is just a day away!

I had not read any of the previous posts to suggest an ethical issue and surely do hope that my post didn't come across that way.

You are right that there is no right our wrong, or moral choice here. When I saw your new home, I knew it was perfect for you. New or resale, I wish that for all of us.

Oh P. Thank you. I can't find the right words sometimes. Ethical wasn't what I meant. I just want everyone to savor the happiness I am feeling about being here year 'round with interesting people who like to talk about stuff like this. It is the PEOPLE that make this place wonderful, not the homes.

I think I meant, that it isn't a right or wrong thing. It is a wonderful, fun, exciting choice.

Pooh was mentioning you kindly today.

Only in The Villages have I ever had friends named P and Pooh. What more can you ask?

Mea Culpa....I am sorry for this hijack.

Pturner 09-20-2011 07:27 PM

Quote:

Originally Posted by graciegirl (Post 396871)
Only in The Villages have I ever had friends named P and Pooh.

Mea Culpa....I am sorry for this hijack.

Eeek, at the risk of fair criticism about the hijack and unfair criticism about ... I just have to say that if Fumar were not alive, he would turn over in his grave.

festusrules 09-20-2011 08:39 PM

I believe there are many more "used" available than "new" so it makes sense that there are more sales. At the time we bought our new Patio Villa last Dec. the used were selling for about the same $ as the new so we opted for the new...preferring a new neighborhood and neighbors more in our age bracket.

Looking forward to migrating for our 2nd winter in TV, with furniture and all the comforts waiting for us. Life is GOOD, even better when in TV !


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