[Two Bills]

As far as bonds go, if you are earning more from interest on capital you could pay it off with, keep the bond payments. If not, pay it off.
The same if cash rich from a house sale. Take a mortgage when buying the next property, if you can earn more investing proceeds.
If you sell with no bond, it's obvious it is a great selling point, and a better deal for the buyer.
Never listen to vested interests, they are looking for their best deal, just the same as you.
It really is as simple as that.

[Randall55]

Originally Posted by dewilson58

No body is saying you can profit from paying off a bond.

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

[Craig Vernon]

I realize most on here live and enjoy what they already own in TV. As someone who watches the market looking to purchase there is a simple way to see what the truth of the market is and that is pull up Zillow and look at what is selling and at what price. Anyone who believes their patio villa is still worth 300k is wrong. Anyone on an interior lot who believes they can still get 300 per sq ft is wrong. Anyone who believes housing at current interest rates, taxes and bonds are a good investment are wrong. Anyone who doesn't care about any of these things and is looking to live the dream is going to pay for it and most likely will be upside down in the home's value potentially for many years. Sales are slowing, listings are going up, and prices are dropping on preowned but only from levels that were unsustainable over the last three years. If you bought prior to 2021 great. If you purchased 2022 or after with improvements etc you are most likely going to struggle to recoup. This is a bad environment for flippers, investors, and value buyers but perfectly fine for existing and future residents looking to be where many of you already are.

[dewilson58]

Originally Posted by Randall55

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

U

pay off $48k bond, sell for $50k more......................$2k profit,

[frayedends]

Originally Posted by Craig Vernon

I realize most on here live and enjoy what they already own in TV. As someone who watches the market looking to purchase there is a simple way to see what the truth of the market is and that is pull up Zillow and look at what is selling and at what price. Anyone who believes their patio villa is still worth 300k is wrong. Anyone on an interior lot who believes they can still get 300 per sq ft is wrong. Anyone who believes housing at current interest rates, taxes and bonds are a good investment are wrong. Anyone who doesn't care about any of these things and is looking to live the dream is going to pay for it and most likely will be upside down in the home's value potentially for many years. Sales are slowing, listings are going up, and prices are dropping on preowned but only from levels that were unsustainable over the last three years. If you bought prior to 2021 great. If you purchased 2022 or after with improvements etc you are most likely going to struggle to recoup. This is a bad environment for flippers, investors, and value buyers but perfectly fine for existing and future residents looking to be where many of you already are.

I disagree on investors, but it totally depends on how long they are willing to wait. Even 2008 investors eventually made lots of money, if they waited long enough.

[TomPerry]

Many people in this post think they are real estate experts - - - HA!

Many people in this post are gleefully thinking The Developer is experiencing a financial downturn- - - HA!

Any people who think The Villages is not Booming are Nuts!

[Michael 61]

Originally Posted by TomPerry

Many people in this post think they are real estate experts - - - HA!

Many people in this post are gleefully thinking The Developer is experiencing a financial downturn- - - HA!

Any people who think The Villages is not Booming are Nuts!

I agree - the Developer is doing well, and good for them! We all benefit.

[Randall55]

Originally Posted by dewilson58

U

pay off $48k bond, sell for $50k more......................$2k profit,

Most would round off a sales price. $648,000 looks like you had a recent price reduction. $650,00 looks like an original ask price.

[Randall55]

Originally Posted by TomPerry

Many people in this post think they are real estate experts - - - HA!

Many people in this post are gleefully thinking The Developer is experiencing a financial downturn- - - HA!

Any people who think The Villages is not Booming are Nuts!

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.

[Craig Vernon]

Originally Posted by frayedends

I disagree on investors, but it totally depends on how long they are willing to wait. Even 2008 investors eventually made lots of money, if they waited long enough.

I meant more short-term investors. I agree with you there is still value in holding property in the long term. Many on here have said 2008 had very little effect on values in the TV market because the value here was incredible. Now TV is a known commodity that many have been profiting from with an above average 6% annual return, lower taxes, lower bonds, lower insurance rates, amenity fees, and expenses on everything related to inflation. This strategy has forced many investors into the short-term rental market to make ends meet and this is also not working for many.

[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.🤦🏻*♂️

[Normal]

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.🤦🏻*♂️

Thankfully realtors are a dying breed. Whatever your markup was for paying them, just think how much quicker your house would have sold without it. The markup is a sales killer!

[coleprice]

Originally Posted by twoplanekid

These are the actual numbers that have been reported for new home sales over the years.

Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015 2,294 304,000
2016 1,966
2017 2,231
2018 2,134 281,000
2019 2,429 307,000
2020 2,452
2021 4,004
2022 3,923
2023 3,029 410,000

Note: the numbers from the beginning thru 2015 came from page 43 of the SLCDD 9/10/2015 Agenda PDF
The information appearing herein regarding The Villages and the Developer has been furnished by the Developer.
All other data was gathered from published reports in the Daily Sun

Golfers shopping for homes in The Villages should NOT purchase a New Home in the Southern Areas, which lack enough Executive Golf Courses. Rather, they should buy a pre-owned home in the Middle or Northern areas which have plenty of Executive golf courses nearby.

[Randall55]

Originally Posted by frayedends

I disagree on investors, but it totally depends on how long they are willing to wait. Even 2008 investors eventually made lots of money, if they waited long enough.

It is no longer profitable for investors to sit on a home for years.Home prices, taxes, and bonds are too high. It is much better to invest money where you can get an easy 5% or higher. Carrying high monthly expenses with the hope of getting a great return at a much further date goes against common sense.

[huge-pigeons]

The sky is falling is absurd. Not buying because the bond is $50k, illogical. Not buying because you have a feeling you are paying more than your neighbors, illogical too.
I have friends that have been competing with 200 other people to buy in Eastport, lost out 5 times now but still trying. Every new house in Eastport will sell. If I was the developer and wanted to make money, have each new home sell to the highest bidder. You have up to 200 people wanting to buy each house/property, it would be a gold mine. Thank god the developers don’t do that.
If your house is in good shape, reasonably priced, in a good area, it will sell in weeks. I have a friend out of state that I assisted in checking out houses and he bought 1 that was on the market only a few days. I also know houses that over exaggerate their home/location and have come down hundreds of thousands or more and been on the market for many months.

As for buying a home with a $50k bond, I have friends that have moved from existing villages to Newell and they are very happy. They bought on a pond and said they saved over $150k for a pond house in the other areas. They were already paying $35k bond, so saving $150k on a lot but increasing their bond by $10k, that’s a h3ll of a deal.

Some of the areas that have a fire sale, I wouldn’t buy them at a $100k discount. But at $50k discount and you want the house, you can brag to the old neighbors you got the better deal. If you wait, somebody else might come in and buy them.

If I was looking, this would be a good time to buy mainly because I pay cash for our home, no financing. For the seller, this is great. Cash offers don’t need an appraisal, inspections, no contingencies, etc, and it can be a very short closing date. For the buyer, I can get a better deal.