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how do enter a new subject ??
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That is why we're not buying a huge place! We just bought in Lynnhaven and will be snowbirds in 2022!
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With us, we bought small at first, cause still had a home up North; then we went to a Gardenia, cause after I saw that, that was my dream house. I guess as we get older we'll go back to something small.
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Something not mentioned is that when some come at first they are maintaining a home somewhere else. They buy economically because of that to just get her if you will. At a later date when the retired and fully commit they re-purchase. Or they finally sell the house back home and find something nicer or bigger or both.. then 20 years later when one spouse dies the reverse kicks in.
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Because they can
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Capital Gains Tax
If you buy a house and sell it less than two years later don't you have to pay capital gains tax?
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Well..1. I have always been a realestate speculator. Since i was in my early 20s i have bought and sold realestate. When i moved to tv, i bought a lot, designed (within tv guidlines.) I lived in it for 2 years al the while watching the market. I sold that house for a $70,000 profit. I then rolled the money over to much ****** house. Now i am building a house in Maine. Across from a lake. One day i may downsize in tv.
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You can come by, and bring $100
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Fascinating thread, we will know more after the world opens up again and we see which activities we want and wear they are located.
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Moving different places here in The Villages
I was a Realtor in this area for 13 years and definitely noticed this pattern. You had the folks who bought a smaller home first then moved up or a larger one and needed something smaller. The change we noticed a lot was from folks that had been in the Service and was use to moving every two to three years with new deployments. So they get something down here, fix it up how they want and then they are ready to move on to another place. We saw this time and again.
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We knew we'd be here eventually. We just weren't planning on being here so soon. Our next dwelling will -probably- be a smidge larger. Maybe just 90 square feet, big enough to accommodate a nice-sized laundry room inside the house instead of outside of it. And possibly a slightly wider driveway (maybe just 2 feet wider, really not much) to accommodate our two golf carts, compact car, and pickup truck without feeling the squeeze, and still have plenty of room for a little picnic table near the door. We're not talking about huge changes. But ours is a 35-year-old manufactured home, and we'll be making upgrades to it soon. We might end up ripping out the side wall that backs up to the shed, and finishing the shed to make it a legal indoor room instead of an outdoor shed. But that's not for at least few more years. Meanwhile, we're enjoying what we have, because of its location and the overall feeling of the neighborhood and rec area. |
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From my perspective, one reason is because of being influenced by realtors who are more interested in a sale than listening to what you really want. Anither is the rush to buy something without having soent much time in TV to get to know different neighborhoods, different shopping areas, and different amenities. You should rent for at least 6 months or visited several times to get a feel for where you want to live.
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Most are downsizing and cleaning out years of accumulation before the move. They buy a bigger house usually and then realize smaller is better and more time to PLAY! Then there are a few who just want to buy bigger after buying smaller. Then the 3rd group wants the profit and a brand new house. They have less stuff and feel it is okay. Confusing yes but after living here for 15 months - I think I get it. |
My question is has anyone weighed the options of the all upgrades you want done vs purchasing a different home? That is where we are at the moment. IE: want to enclose lanai, would love to enclose birdcage also to make a huge enclosed lanai, upgrade all appliances, counters in kitchen, new windows, expand LR wall to make it bigger, golf cart garage and new flooring. Would really like to get popcorn off the ceilings too hate that stuff. A few more years until retirement so just tossing ideas around. Love our area, but trying to weigh the cost of each out.
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in 10 years we have moved 4 times already. 3 were brand new homes and one was a pre-owned. we are now in a brand new Patio Villa on the south side in Marsh Bend. they have done big improvements to the patio villas--made them bigger and give you a lot more for your money. also, we loved the gray tones in the kitchen/bathrooms rather than the normal brown tones which we have always had. in our other homes we never, ever used our lanai and this house was built without a lanai but i do have a separate garage for my golf cart and a separate garage for my car. and the best part of moving so many times is that we we always made a substantial profit on the homes we sold, otherwise we would have never moved.
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We researched TV for 2 years that included two 7 day lifestyle visits where we visited over 50 pre-owned houses for sale.
One year into our research we knew we wanted to root in TV and began looking to purchase. We started out with a mindset of....”one and done”. It took us almost 2 years to find what works for us. We held out until the “perfect” house emerged and that paid off. We have zero desire for any other home because this place checks more boxes then we started with. That said - when one of us dies the other may sell to scale down. But that would be the only reason. |
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We purchased a new CYV thinking it would be an ideal house long term for us. After about a year, we realized it wasn’t the best fit (primarily due to size - inside and back yard).
We found that we entertain more here than we ever have elsewhere. And we participate in more activities, which equates to more stuff. We also enjoy having a larger screened outdoor area, weather permitting, and our CYV couldn’t accommodate that. We sold and purchased a larger house in a different village. Renting prior to purchasing might have helped with our initial choice, but only if we had rented long term (6 months or more), in the specific house model we were contemplating utilizing our own furniture, and in the specific village we were contemplating. That would have been challenging to do, and we would have still moved twice. My advice is to consider the lifestyle you want, do as much research as you can, and pull the trigger. If you decide to make a change in a year or two (or five), you will likely not loose money when you sell. This is especially true if you are purchasing with cash (closing costs for a mortgage can add up fast). We sold and closed our CYV in under 90 days during Covid for near asking price. The cost to move within TV is pretty reasonable. It probably set us back a few thousand to make the transition between the two houses factoring sales proceeds less cost to move, closing costs and commission to sell. Not to mention the pain associated with moving. But those costs helped us make a better final decision for our “new” long term home. |
Not moved yet but keep looking
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We had only rented for three months before purchasing. And it takes longer than that for you to see all the various areas. So I could see someone purchasing and learning more, and deciding on a move. An example might be moving closer to a town square. Also, you might have purchased an existing home, and now they have opened up new construction, and you have always wanted to "build" and move into a brand new home, instead of renovating the one you live in now. Also, if you get the Daily Sun you get a daily insert of homes for sale. And this gives you a lust for an upgrade. It is amazing the draw of those ads. |
Realter influences, I know my moves
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change is good and it cost me nothing to move, and puts a little money , sometimes a lot of money in my pocket |
To go larger, smaller, neighbors, pool, views, less maintenance, etc. No more profits to be made here. Houses high so u may break even but moving is expensive too
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