[JMintzer]

Originally Posted by Randall55

Who said anything about profit? Most would want to recoup it when selling.

Recoup the bond?

It's a debt on the property, not on the seller. Once sold, there's nothing to recoup...

[JMintzer]

Originally Posted by Randall55

The Villages is booming for the Developer. Currently, many preowned homes are sitting on the market for months. If yours was one of the many sitting, would you still be laughing? A boom for the Developer does not always equate to a boom for every homeowner.

I do not think I am a real estate expert. But, I have been searching for a home. This market is rough. A few sell their homes for sizeable profit but most can't even get a buyer in their door. I see price reduction after price reduction on MLS. This week there were 64. Last week, 48. The Developer was forced to reduce the price of 250+ homes in Dabney and Lake Denham. Things are MUCH DIFFERENT than in years prior.

Since you're searching for a home, you should be happy the "market is rough" and all of the "price reductions". Why all of the complaints?

And yes, things are different than during the Covid Boom of the past few years...

[JMintzer]

Originally Posted by Tonydivo

Only traffic in my house is on open houses. We live in what they call the most sought after village. My realtor never walked anyone through. Go figure.🤦🏻*♂️

"The most sought after Village"? Do tell!

[JMintzer]

Originally Posted by Pbsabo

We are doing a lifestyle visit this August from Memphis. I’m curious about desirability of different villages. What are the top 5 most desired in your opinion. We are leaning towards building, but are going to look at secondary.

However many Villages there are, that is how many different answers you'll get...

[JMintzer]

Originally Posted by Normal

Every case is so different. If you closed on a new house in 2020 or 21 you hit the perfect wave. Your bond was in the 20-35k range at 3% interest, while your income on investments etc is hitting 8-10% annually. It would be a very poor financial decision to pay off the bond.

True. We purchased a resale in February 2021. We're the 3rd owners. We paid about $30K more than the 2nd owners, who bought the house in 2018. Our bond was around $20K...

[JMintzer]

Originally Posted by Normal

Yet some are in the classic Denial mode…all’s great in the housing market? They love to muffle the facts with spin.
I guess if you have blinders on, yes
Again, they come from rainbow, candy sprinkles unicorn land.

No, just a realist... I purchased my home at what I thought was an exceptional price, at an exceptionally low interest rate.

If I choose to move, I'll either pay the asking price, negotiate to a price I find acceptable, or pass on the house.

It's not rocket surgery...

[dewilson58]

Originally Posted by JMintzer

Yet, for some reason, some insist on portraying that the sky is falling...

Negative Nellie's

or

Sad life.

or

Troll's.

or

Bitter person.

or

Jealous non-resident.

Pick one, Pick two.....pick'm all.

[Normal]

Originally Posted by margaretmattson

There is no sense in posting a quarterly report that only shows what the Developer wants you to know. We live in a beautiful community but like anywhere else, it has its problems. IMO, pretending everything is ALWAYS GREAT is not beneficial.

I would rather see the bad as well as the good. This way, I can make informed decisions. I find it is always better to make my kool aid than drink what is served.

Precise and exact. Keep in mind though, the Developer wants to sell homes so that’s why the report is one sided. We all know the slump will end sooner or later, but right now we remain in a slump.

[MSGirl]

Originally Posted by Randall55

Lately, It has just been marketing jargon from the sales reps trying to make a bond payment seem inconsequential. Telling a would be buyer you do not need to pay it off helps immensely with a new home sale. I believe most on TOTV will agree the bonds are ridiculously high. Their advice has been don't buy new homes look at preowned instead.

If the cost of the bond determines whether you buy the house or not, then look at different options in The Villages. New homes dictate higher bonds for longer period of time. A resale home has no bond or the time frame of the bond is lower; as well as the overall cost of the bond. If you plan on staying in the house, forever, pay off the bond. If there is a chance you could move, don’t.
Buying a home or a lifestyle here is like no other place. I didn’t come here for a monetary investment. Been there. Done that. I’m here for the lifestyle. And everything The Villages has to offer. And in all the years I’ve lived here, I don’t know ANYONE that has lost money here.

[MSGirl]

Originally Posted by Pbsabo

We are doing a lifestyle visit this August from Memphis. I’m curious about desirability of different villages. What are the top 5 most desired in your opinion. We are leaning towards building, but are going to look at secondary.

That’s a loaded question. Villagers will tell you they live in the BEST Village. And everyone does!!! Really depends on what you want. Does the house dictate where you will live? Or the lifestyle? South of 44 is new and shiny. Has an over abundance of homes, with less amenities for now. If you are young and have time to wait, that could be where you want to go. Having 6 pools close to your home is good for you with 5 championship golf courses available 5 minutes away from you is another factor. Being a golf cart away from the 3 squares with shops and restaurants another factor. The reason you choose a lifestyle visit is so you can experience what the Villages has to offer. Your home should be secondary.

[vintageogauge]

Originally Posted by MSGirl

If the cost of the bond determines whether you buy the house or not, then look at different options in The Villages. New homes dictate higher bonds for longer period of time. A resale home has no bond or the time frame of the bond is lower; as well as the overall cost of the bond. If you plan on staying in the house, forever, pay off the bond. If there is a chance you could move, don’t.
Buying a home or a lifestyle here is like no other place. I didn’t come here for a monetary investment. Been there. Done that. I’m here for the lifestyle. And everything The Villages has to offer. And in all the years I’ve lived here, I don’t know ANYONE that has lost money here.

Amen to that. In my mind our bond is simply an annual expense that will never go up or down other than the balance dropping annually, I don't see a slump in re-sales, at least not in our village the new listings seem to be sold overnight, I also don't see any major problems within TV, there is more to do here, more food and retail establishments, and a lot more amenities than there were 7 years ago when we purchased our home. You buy what you like, you enjoy your time here and you sell at a profit what more can you ask for.

[Snakster66]

Originally Posted by MSGirl

And in all the years I’ve lived here, I don’t know ANYONE that has lost money here.

I guarantee you there are people who sold houses within the last few months that they bought in 2022 who lost money.

[vintageogauge]

Originally Posted by Snakster66

I guarantee you there are people who sold houses within the last few months that they bought in 2022 who lost money.

I doubt that to be true.

[Normal]

Originally Posted by vintageogauge

I doubt that to be true.

Respectfully, it’s quite true with numerous sales.

1055 Winsboro purchased November 22 for 423,000 sold last month for 379,000 that’s a 44 k loss without paying realtor fees.

661 Sherwood purchased in May of 2022 345,000 sold for 340,000 in Feb of 2024

There are several that have lost money. Just look on the Zillow realtor website. Click on the Facts Features tab to get all the info.

[Haggar]

Originally Posted by Jayhawk

This is not correct.

Determining Your Home's Tax Basis | Nolo

Don't confuse a mortgage with a bond. The payments on a mortgage do not add to the basis.
A bond is different.