Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Why Are New Homes Resold So Fast? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/why-new-homes-resold-so-fast-327699/)

Lottoguy 01-02-2022 09:52 AM

I believe when Sawgrass opens there will be a major parking problem at that site. Latest drone videos shows this. Much like the Fenney Putt & Play had no parking for cars and only golf carts.

Laker14 01-02-2022 02:27 PM

I wonder if the number of resales is all that many, as a percentage of homes sold. I can think of several reasons, and not all of them are a reflection on the area's desirability.
It isn't hard to imagine that some people may find, after a year, that TV in general is not "for them". I know more than a few folks who moved to Florida, or away from "home" in the Northeast to find they didn't want to stay. Could be weather, or grandchildren, medical care, or whatever, they just opted to go back north.
Some folks may have decided they like TV just fine, but wish they'd bought in another area.
Whatever the reason, if there were any misgivings about the decision to buy where they bought, might as well take advantage of the resale value and get out while the getting is good. For all those sellers, there seem to be more than enough buyers.

sail33or 01-02-2022 03:17 PM

There are many, many flippers in The Villages including Real Estate Agents. They buy new houses, add a couple things, flip it after one year. I know several that do this and they make hundreds of thousands.

And this drives the cost higher and higher. As long as the Boomers keep buying, the flippers will flip.

M2inOR 01-03-2022 07:55 AM

Living the dream south of 44
 
Quote:

Originally Posted by rustyp (Post 2045144)
BEANIE BABIES ! Should have sold at the peak.

And Pokemon cards! We donated son's cards to Goodwill, so perhaps someone got a great deal.

PS I sometimes read complete threads from beginning to end. I've learned a lot doing that. In this one, I've learned that financial acumen is somewhat rare. Several of my neighbors have done very well buying, renting, then reselling here in the Villages. They own several homes simultaneously. One they live in, and a few nearby they can rent to snowbirds and take care of. Of course, they have to have the capital and financial resources to do this. The last two years have been very good south of 44.

PPS Wife and I live in Marsh Bend, and we are happy with our home; we compromised. We have great neighbors, and are minutes away from the primary activities we engage in. If we were to move, we'd have to find a similar neighborhood, and start all over making new friends. We're sticking with the stock market to park our money. Much too late in life to start real estate investments.

PPPS We initially thought we'd buy and live somewhere between 466 and 466A. We are quite happy that we found Marsh Bend, south of 44. The price of resales has skyrocketed in the last year.

patfla06 01-03-2022 04:53 PM

Quote:

Originally Posted by Calisport (Post 2044334)
The villages has a new rule when you buy - no resales until after 1 year because of buyers buying multiple homes and making a profit right away.

Not a new rule. This was in place when we bought in 2013.

patfla06 01-03-2022 05:05 PM

Quote:

Originally Posted by ANT33 (Post 2044734)
My neighbor moved saying it was too cold here and moved back to Miami. ������������*♀️

I believe it! Our Son moved to Miami from NYC. He is warmer in the Winter and cooler in the Summer.
However, the traffic is a nightmare in Miami. Everything has tradeoffs.

Laker14 01-03-2022 07:33 PM

Quote:

Originally Posted by sail33or (Post 2045297)
There are many, many flippers in The Villages including Real Estate Agents. They buy new houses, add a couple things, flip it after one year. I know several that do this and they make hundreds of thousands.

And this drives the cost higher and higher. As long as the Boomers keep buying, the flippers will flip.

The flippers are riding the wave, not creating the wave.

Pairadocs 01-03-2022 07:40 PM

Quote:

Originally Posted by Stu from NYC (Post 2044278)
Downsizing does not always work out

Spot on ! And, have also encountered folks who found exactly the opposite too.... UP sizing to a pool home was not all they thought it would be...LOL... so I guess it works both ways.

Pairadocs 01-03-2022 07:44 PM

Quote:

Originally Posted by manaboutown (Post 2044742)
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.

That is definitely true ! Of most coastal areas including Miami.

manaboutown 01-03-2022 07:49 PM

Quote:

Originally Posted by Laker14 (Post 2045669)
The flippers are riding the wave, not creating the wave.

You nailed it! They are surfing the housing market. Catch a Wave - Beach Boys - YouTube

Pairadocs 01-03-2022 09:34 PM

Quote:

Originally Posted by Cranford61 (Post 2044595)
Could it be the proximity to the prison. The quarry blasting? The skeeters? The turnpike? The feral hogs? The Zeka death. The 45 min drive to The Sharon or the Savannah? Neck pains from navigating so many roundabouts? Perpetual construction noise and dust? The small lot sizes? Butt and back pains from using a golf cart to Brownwood. The chiropractic bills from the fore mentioned? Who knows.

And we've had way too many friends who came to visit us, were blinded by the dazzling sights, and despite our GENTLE cautions (who wants to get dictatorial to their friends !) to "take it easy", "do a LOT of investigating", come down and "rent for a season", several just jumped (one the very week they were here to visit us) and as they say.... buyer's regrets; wrong area, lots of noise, lots of lights, train whistles all night, loud explosive "booms" and the list goes on, and on, and on..... take your TIME people, also a LOT of other communities in this area of Florida to explore, something for everyone... but let's face it, The Villages, with the music on the squares every night and the golf cart access to nearly anything, people see "one big party", like they are at a resort for a week, and unfortunately lose a grip on the common sense they (probably) applied to every previous real estate transaction they've made in their lives... and then they make mistakes ! Others get lucky, and their impulsive buying turns out to be their perfect home location, be it near, or FAR, from what they hoped. But, in the end, doing a LOT of "homework" is the best plan for most folks ! Until we moved here, it never occurred to me that people who have never played golf in their lives, and have no idea of the game, would ever choose to live right on a course. In our previous life, it seems the non golfers always chose the lots on the OTHER side from the golf course, and we golfers built right on the course....knowing what we were in for. Here, I often hear people complaining about how often their home is hit by golf balls, and how they always wonder when one will come right through the window one day ... guess a lot of people have no idea that living at the edge of a fairway does open one to erratic shots/balls ?

Lottoguy 01-04-2022 09:50 AM

Buying on a golf course and then complaining about balls hitting your house is like living next to an airport and then complaining about the noise level. People who buy sight unseen on the internet or via a Facetime are completely nuts to me.

Orvil 01-04-2022 12:40 PM

Purchased and lived on a golf course once. I won't make that mistake again.

It may have something to do with which hole your home is on. Don't buy on the first hole and don't buy on the last. That's where people congregate.

If you are on the first hole, you are awoken early in the morning by the start of play. But, they do finish earlier and you can enjoy the late afternoon, early evening in peace. If you are on the last hole, they continue to play after dark. It seems as if they will never leave.

Our home was on the 18th tee. Our most irritating problem was male golfer's deciding to use our yard as a bathroom. They would have been drinking and couldn't make it to the clubhouse. It didn't seem to matter if anyone was in the yard, either. They'd just unzip and let it rip.

Bottom line, I won't do a golf course lot again.

Stu from NYC 01-04-2022 01:18 PM

Quote:

Originally Posted by Pairadocs (Post 2045671)
Spot on ! And, have also encountered folks who found exactly the opposite too.... UP sizing to a pool home was not all they thought it would be...LOL... so I guess it works both ways.

We are happy here but in hindsight wish we would have waited a bit to buy and found ourselves a 4 bedroom.

Lottoguy 01-05-2022 09:41 AM

They also have the lawn mowers going early in the morning before they start teeing off. I bet you learn lots of good swear words too. I prefer my house on a cul-de-sac.


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