Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#151
|
||
|
||
Changing market: 500 Avecilla Dr, asking $825K, Purchased for $975K Dec 2022.
500 Avecilla Dr, THE VILLAGES, FL 32162 | MLS# G5074632 | Redfin Apr 27, 2024 Date Price Changed Stellar MLS as Distributed by MLS Grid #G5074632 $825,000 Price Dec, 2022 Dec 20, 2022 Date Sold (MLS) (Closed) Stellar MLS as Distributed by MLS Grid #G5059154 $975,000 Price |
|
#152
|
||
|
||
Neighbor
Quote:
__________________
Everywhere “Everyone may not be good, but there's always something good in everyone. Never judge anyone shortly because every saint has a past and every sinner has a future.” - Oscar Wilde |
#153
|
||
|
||
It is getting more obvious that preowned homes are taking a hit. Many will say they were overpriced to begin with, but owners paid TOO MUCH after Covid. Now, they must take a loss. A reminder for all to be careful when purchasing.
|
#154
|
||
|
||
Was the bond paid off?
|
#155
|
||
|
||
No
The house is about 2 and a half years old. The bond wasn’t paid off.
__________________
Everywhere “Everyone may not be good, but there's always something good in everyone. Never judge anyone shortly because every saint has a past and every sinner has a future.” - Oscar Wilde |
#156
|
||
|
||
Quote:
Selling preowened is a low priority for VLS reps unless it involves also purchasing another VLS property. |
#157
|
||
|
||
Quote:
Even the Developer is having problems. More price reductions in Dabney in the past week. Last edited by margaretmattson; 05-01-2024 at 04:54 AM. |
#158
|
||
|
||
Quote:
Not a good time for those trying to recover a bond payoff in sell price. |
#159
|
||
|
||
Quote:
I also agree that houses that stand out have a much better chance. Your Gardenia (and Camellia) example is spot on. It's getting to be a real good time to be a buyer because there are many options available. And if one house you like goes pending today, invariably another one you like will hit the market tomorrow. All I need now is to secure a remote work job; just a matter of time. :-) |
#160
|
||
|
||
Not necessarily. As I'm looking at houses, I factor any bond balance into the price of the house (e.g., 450k price, 15k bond balance, 465k total price). Some may argue reasonably that that type of simplification is the wrong way to look at it, but it's how I choose to look at it. If another similar house has no bond balance and is priced at 460k, then it would be the leader (all other things being equal). There are a lot of factors I take into account when deciding on market value of a specific home, and paid off bond does hold value for me. It's not the primary factor, but it is a factor.
|
#161
|
||
|
||
Kind of sheds some light on what has puzzled me. Neighbors moves to a small villa due to health issues. Their designer home on a corner lot is very spacious and has been kept very up to date, kitchen additions, new roof, AC, paint, flooring, gutters, etc. I thought the ask price of $459 was really priced to sell for this nicely kept home, but apparently not, After 3 months it was cut more than 50K and now at 5 months is down to $389. There are no hidden problems, sink hole activity, irrigation system has always been maintained, all that, so it looks like the old saying that a home is "worth" ONLY what a buyer will pay and not a penny more. Too many available home ? Too many NEW homes and villages ? Interest to high for those who want or need to finance ? Not sure. Have noticed the same trend in many other Florida planned retirement communities... just normal up and down of market ? ? ?
|
#162
|
||
|
||
Quote:
But there are plenty of preowned homes (purchased befor said boom) that are realistically priced...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#163
|
||
|
||
Selling what the customer wants should be their main priority. It was with our VLS agent.
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#164
|
||
|
||
Quote:
The market is correcting from the covid boom highs. |
#165
|
||
|
||
It's very hard to find a comparable home as there is such a wide spread in the value of the lot the home is on. Also, homes that are hard to find sell very quickly unless there is a problem. Example, TV has only 5 pre-owned 4 bedroom Woodside models that are not pending and only 6 pre-owned Ivy models and 4 of them are in the undesirable villages of Pine Hills and Pine Ridge along with one only having a 2 car garage. That's it, in all of The Villages pre-owned listings there are only 11 of those models available that are not pending, the ones in desirable areas on desirable lots sell with in a few days, some times the same day. Corner lots are hard to sell as are kissing lanais or designers without a golf car garage. For every home that takes 90 days to sell there is one that is sold in one day and that's and average of 45 days on the market. When you buy a home, just don't look at the price, look at the desirability when it comes to re-sale.
|
Reply |
|
|