As long as you get past the one year stipulation prior to selling, any gains from a sale are yours. But, something else to keep in mind is Uncle Sam standing there at closing with his hand out. One must own the home for two years, as a primary residence, or pay tax on the capital gains. Another point some fail to consider is that those gains could possibly put your annual income into a bracket where your Medicare Part B premiums are increased...sometimes substantially.

They learned about golf, shopping, etc. up north. The Villages pushes their new homes, understandably. Always remember to look before buying. Location, location, location.

You nailed it!

A lot of homes in the south were sold about a year ago (just b-a-r-e-l-y), so they aren't breaking any agreements. We bought our south home last March and there were already some sold areas..

We are in the Hawkins and don't hear the turnpike..

This “rule” has been in play for at least 10+ Years…

Rule
 

This “rule” has been around as long as I can recall….not new.

We are near Lake Sumter Landing.....and do not hear the planes at OIA.

And the comment from rogue real estate agent trial, some large percentage of new houses were bought by existing home owners north of 44, so resales to some large percentage of the same population who were slow on the decision. . or came from Missouri

given the small number of existing homes with pools, land available for pool addons is very attractive, there is seldom a single issue, and with every decision being unique to the individuals, with the many reasons in prior posts. . . just don't get sucked into your own little mind game of housing jealousy.

Why I would NEVER buy new house in villages.

We live in the Hawkins and don't hear the turnpike at all.

My take on it is that some sell just at a year just bc of the market - the huge PROFIT! That has even fleetingly crossed my mind, but I love our house and don't want hassle of selling/buying, re-doing initial upgrades, etc..

Also, some can't downsize like they thought they could, so they need a larger home - mainly a lot more garage space for their 3-4 cars, golf cart(s), and extra furnishings..

Not true. I’m in Monarch Grove, 1/2 hr from Brownwood, 1 hr from Lake Sumter and 1hr 20 minutes from Spanish springs. Nice easy golf cart rides. Also a new square going in south of 44 and sawgrass is opening soon. Life is as good as you want it to be wherever life’s journey takes you. Good day.

I live in Hawkins, south of 44 in the new areas. Publix is literally 5 minutes from my house in Magnolia Plaza, hardware store is 15 minutes (Sparrs), restaurants anywhere from 5 minutes to 20 minutes at Brownwood. However, Sawgrass is opening in March and several restaurants there which is 7 minutes. Then in 3-4 years the Eastport square will open, and that will be the largest of the TV squares and it’s 10 minutes away. This area will fast become the center of TV within the next ten years at the growth rate and present plans.

Exactly! There is plenty going in in the South and more coming soon. Love it here!

It's not a new rule....it was here 12 yrs ago when we moved here. People buy as an investment and re-sell to make a profit.

Resale
 

So if I sold that house in 3 years, is it still the same if there is a profit? Thanks in advance

No. The rule only applies if you sell the house within one year after closing.

My neighbor moved saying it was too cold here and moved back to Miami. 🤷🏻*♀️

How can they enforce that?

Also 15 min to Leesburg, 20 to Clairmomt/Ocala, 45 to Orlando/Tampa, less than an hour to Disney from the south.

My first place was north, neighbors were not very active and less than welcoming compared to the southern areas.

It's a contract that you sign. You get a new house, and the developer gets to maintain a stable price market to attract new buyers who want to live here, not just flip a house to make a few dollars. Seems enforceable to me. Basic contract law.

A friend of mine who has lived in Miami all her life visited me here twice. Of course it is much colder here in the winter but she tells me it is hotter here in the summer as Miami gets breezes off the ocean.

Hmm...I'm 10 minutes from Lake Sumter, 18 minutes from Spanish Springs, and about 30 minutes by golf cart from Brownwood. You couldn't pay me to live over by the Turnpike, plus the noise! thanks but no thanks.

I live in the "new" section. Two main reasons....can't sell for a profit until after 1 year, and our houses have appreciated an insane amount since we bought. Two homes on my street have sold for almost 75% over purchase price. Once they announced all of the amenities coming down here that will be a less than 10 minute cart ride for us, the prices sky rocketed. When we bought in 2019, we were told by many people of the mistake we made and that we "weren't really part of the villages". I've had my house for exactly two years, and based on the resales in my neighborhood, I could sell for almost double what we bought for. The problem? Can't buy a new house with the same kind of lot for anywhere near what we bought for. Good thing we love our location!

Soon as you can find an attorney that will take the developers to court please post their name. They are very few, and definitely far between

Because you signed a contract. It's not just a rule posted on a wall, it's part of a legal contract. Just like the deed restrictions. Someone can surely fight it if they wish, that's why lawyers were invented, but it might be cheaper to either take the hit or wait the year depending on the need for speed. :)

Stupid location stupid people? Those whom do not check into the location issues, golf course noises, turnpike traffic, distance from services like groceries, restaurants, Brownwood, Sumter Landing, Spanish Springs etc. are bound to have problems. We have our designer Iris for sale, today we had a showing, they were undecided as to whether a free standing home or a villa. Our home is about twice the cost of a villa. What are people thinking? Was talking to a golf starter who moved to St. Catherine, she had to leave at 20 minutes to six in the morning to get at her job on Inverness by golf cart.

The things that you list do not interest me. I love living south of the turnpike. You could not pay me to move back up to the Sumter Landing area.

So ture, so true....
 

Interesting someone asked this, just chatted with a couple yesterday. I went "down" to the Brownwood Hotel/Spa to go to the fantastic independent coffee shop they have there (called the Standard). They were staying at the hotel waiting to get into a house they recently purchased. So, making an assumption, I said, "how are you liking Florida so far, or have you been coming for many years to vacation ?"." Oh, no", they said, "lived in Florida for over 35 years total, then settled in the Villages about 15 years ago when we retired from the military. Over a year ago took the Trolley tour Finney, had never even bothered to go that far. Decided we wanted to move, get away from all the traffic, big stores, all that. For us, it was a big mistake. Really missed our former village and home. We found the same model we'd lived in many years only with a pool and only one block from our old home. We are here at the hotel until the closing Jan. 3. So, I have a feeling that many have done the same thing, moved to the newest area and became disenchanted for a variety of reasons.

I love the nature trails.

The deed restrictions say you can't be a "resident" of the Villages if you're under 19 years old.

And yet...

What he/she said!

YUP. They say lot's of things that get ignored (or need to be narc'd to be reported and looked at) but when it comes to MAJOR things with big pricetags that involve property sales they would pay that a bit more attention since lawyers are involved I guess. We tried to but couldn't buy a resale 3 month old 2/2 stick built down over on or near Silver Lake off of Shay (?) over in the Historic side back in 2017 that a woman wanted to sell after 3 months of ownership and she jacked up the price so much with what seemed to us at the time a load of BS but it turned out to be technically correct although she piled on a bit

So do we!!

We live in Osceola Hills and we often drive down to the Southern Area to enjoy your beautiful nature trails. We like Hogeye very much, especially since they put of the strong barricades to keep the golf carts off the walking/biking trails. Now we seem to enjoy the new trail in Hawkins more because it is elevated and has a better view of the marsh.

One care barely hear the Turnpike down here
 

The statement that the noise from the turnpike is so intense to residents of Citrus grove is an oft repeated fiction, like the Villages being an out of control swinger party.

I love it down here, the paths situation seems way better than up north.

Wait, it's not??? What the hell...:(:icon_wink::1rotfl:

they are finding out all the crap the real estate people "forgot" to tell them when they were talking about the lifestyle..

I'm sure some are getting caught up in the current buying frenzy, and buying something...ANYTHING... before its gone. This is not unique to homes in TV. The Garmin R10 golf launch monitor sells for $599....but you can't get one. They are selling used on Ebay for $2,000. Same for used cars. My 2021 Crosstrek is worth more than a brand new one?!?!?! When has that ever happened???

When I was working with an agent, she basically said when the new homes come on the market the demand is so high "you are going to have to decide in minutes if you want the house". I just couldn't operate that way. Historically impulse home buying has many more negatives than positives.

Your posts are more and more sad.

It was the same way in 2005 when we bought or home.