Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
|
||
|
||
Quote:
__________________
Identifying as Mr. Helpful |
|
#47
|
||
|
||
Quote:
We closed on our house in 2016. The interest on our bond was 6% and our savings account earned 1%. So we paid off the bond. |
#48
|
||
|
||
May I ask which village you live in?
|
#50
|
||
|
||
Quote:
|
#51
|
||
|
||
I have been a golfer since 1958 and even went to Univ. of Florida on a full golf scholarship. I will be 79 in a few weeks. I hate riding in golf carts.
My wife and I love the new pitch and putt courses, especially MickyLee. We played there yesterday but quit after 9 holes because it was so hot. Then we drove across Bexley Bridge to look at the new areas and took Marsh Bend Trail up to Magnolia Plaza, where we got two milkshakes at Foxtail coffee shop. It was a wonderful day. |
#52
|
||
|
||
Unless you’re an investment flipper then who cares your going to sell maybe 5-10 years down the road anyhow. Go to the pool and relax. Does this mean you’re not buying soon as you have said?
|
#54
|
||
|
||
Quote:
I have to admit, a $48K bond is a lot of extra money you will need to pay every year. |
#55
|
||
|
||
My wife and I will be in TV for the month of May and will be actively looking.
__________________
Saving for my place in the sun. |
#56
|
||
|
||
Quote:
1. The sky is falling for those who cannot sell their home. You believe it is their fault, I see it differently. 2. You do not mind carrying a $50,000 bond. I prefer to buy a preowned with no bond. I would rather use the $50,000 to make upgrades to the property. Without having to pay a monthly $250 or more bond payment, my savings will help to offset the price of my upgrades. Plus, I get to live in a home that is to my liking not some standard cookie cutter home. If I bought a new home, there would be upgrades needed: landscaping, gutters, painting, bird cage, etc. $50,000 for a bond plus more for upgrades? I would rather not! 3. I do not have a FEELING I am paying more than neighbors. Go on VLS and check the prices for Dabney and Lake Denham. There are hundreds of REAL price reductions.I am not making this up. 4. Why do I not want to spend more for the same home as my neighbor? If I am ever in a need to sell scenario, I would rather be the lowest asking price in my neighborhood than the highest. Having to compete with a neighbor who paid $50,000 less than me could mean I have to reduce my asking price by that amount. This means I may have to sell for a loss. Not a good thing especially if you are in a need to sell position. 5. I do not buy a home at a lesser price to BRAG. Informed decisions keeps money in my bank account. Exactly where I like it! Last edited by margaretmattson; 04-21-2024 at 08:22 AM. |
#57
|
||
|
||
Quote:
3) "price reductions"..........sounds like someone felling for selling tactics. Over price, sit for a month and then give a "discount". Look, a price reduction.
__________________
Identifying as Mr. Helpful |
#58
|
||
|
||
Quote:
|
#59
|
||
|
||
Quote:
Those who sold their homes 70% or more over cost were fortunate. Those who bought the homes are now sitting on homes they cannot sell. Their asking price is way above the market. On MLS we see many who bought homes during the covid craze who now must take a loss. Some 40K and more. My daughter is moving slow in buying. She wants to do everything she can to avoid a possible expensive mistake. It seems for every"I made a wad of cash on my home' story, there is a sad reality for those who paid the wad. This is happening because the Developer continues to build at marginal price increases and has no problem discounting hundreds of homes to suit his needs. A buyer has to be careful![/QUOTE] I know a lot of people that sold homes south of 44 after as little as 1 year up to 5 and 6 years and all of them were sold at a price giving the owners a hefty positive return on their investments, some nearly double what they paid. Also I have never heard of anyone, at least south of 44, that sold their home at a loss. Your daughter moving slowly can be making a mistake. |
#60
|
||
|
||
Many older golfers do. Perhaps a championship nine once a week or every 10 days.
__________________
Most people are as happy as they make up their mind to be. Abraham Lincoln |
Reply |
|
|