[Papa_lecki]

Originally Posted by asianthree

Maybe it’s certain models, been watching 11 designers, and prices have remained the same since the day they were listed. Definitely not seeing price drop across the board

It’s at the micro level - specific models, specific lot specs, etc. Not an across the board 6% cut.

[dewilson58]

Originally Posted by Papa_lecki

It’s at the micro level - specific models, specific lot specs, etc. Not an across the board 6% cut.

BINGO

Some people think the sky is falling.............or hoping.

[HandyGrandpap]

Interesting listing in Southern area, 613 Dominique Ln, The Villages, purhased earliet this year, nice looking property. Put on the market a month or so back, recent price drop of $20K, subtracting closing cost etc will be under water when sold.
Link below
Access to this page has been denied

[Randall55]

Originally Posted by HandyGrandpap

Interesting listing in Southern area, 613 Dominique Ln, The Villages, purhased earliet this year, nice looking property. Put on the market a month or so back, recent price drop of $20K, subtracting closing cost etc will be under water when sold.
Link below
Access to this page has been denied

Wow! Village of St Catherine is a popular village. I pray all is well with the owners. It appears to be a need to sell situation. I hate to see anyone lose money on their home.

[asianthree]

Originally Posted by Papa_lecki

It’s at the micro level - specific models, specific lot specs, etc. Not an across the board 6% cut.

So OPs thread Title should be

“Developer changed prices on some models, on some lots.”

So, NO Freddie K, jumping out and slashing off prices of homes for Halloween.

Investors stop looking for the slashing, look for a slight reduction on home that may not interest you.

[Leximarie]

I’m a newbie trying to get as much information as possible before my lifestyle visit. Could you please elaborate on the stone issue? A few preowned properties do have the stone landscaping. Thanks.

Originally Posted by Ldogg21

Be careful buying houses from Property of the Villages agents. They are not realtors and do not hold themselves to the same standards. They don't tell buyers if there are any violations on the property. A perfect example is the stone issue.

[kansasr]

Originally Posted by Leximarie

I’m a newbie trying to get as much information as possible before my lifestyle visit. Could you please elaborate on the stone issue? A few preowned properties do have the stone landscaping. Thanks.

Because of restrictions of the water district, most deed restrictions for patio villas and verandas prohibit replacing existing turf with stone. Unfortunately, several owners have discovered that the previous owners did this and after being reported, are required to return the areas to original sod.

[Topspinmo]

Originally Posted by Normal

With the Villages now discounting many homes, I wonder where the bottom is before buying.

About 42 more precent.

[LuvtheVillages]

Originally Posted by Leximarie

I’m a newbie trying to get as much information as possible before my lifestyle visit. Could you please elaborate on the stone issue? A few preowned properties do have the stone landscaping. Thanks.

At some homes, I think generally patio villas, homeowners took out the sod in the front yard and replaced it with stone without getting permission. The change is not allowed in all areas. If a neighbor complains, you have to remove the stone and replace the sod, even if it was done by a previous owner. Cost is expensive.

As a buyer, you need to ask if the stone was permitted by the Architecture Review Committee. Ask to see it in writing.

[Burgy]

I am surprised by the mortgage rate. I suspect many are bridge loans or to be paid off when house up north sells

[Debfrommaine]

Originally Posted by Normal

With the Villages now discounting many homes, I wonder where the bottom is before buying.

We bought two homes this way. First one was in Bonita was 13 yrs ago and second in Tamarind Grove 11 yrs ago. They had been sitting for quite some time when purchased them. Both served us well when we sold.

[Normal]

Originally Posted by Burgy

I am surprised by the mortgage rate. I suspect many are bridge loans or to be paid off when house up north sells

Investors often mortgage so their own cash isn’t as exposed. It stretches the dollar further for multiple investments.