[Marathon Man]

Property values in the southern area have skyrocketed. Homes are being sold because they are selling.

[skippy05]

Exactly. Noise of Turnpike and no easy Golf access to real shopping and resturants. South side of Villages remains a bit of a scam.

[merrymini]

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

[Lindaws]

Profit!!!

[lmack]

Originally Posted by Calisport

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 so new rule,
we bought in 2010 and contract contained a clause to forfeit profit if sold within one year.

[retiredguy123]

Originally Posted by txfan

Here is the “rule:” Any profit on the sale of a new home within one year of the closing date is split with the developer.

There are many “flippers” who build/buy specifically for that purpose. Villages agents do this all the time in highly desirable locations.

So far in our newer location, at least three have sold with a closing date in the future to match their previous year’s closing date, making huge profits to fold into another home in the next new location.

One we know of is on their sixth “flip.”

Has the rule changed since 2016? My closing documents state that, if the house is sold within a year after the closing, the buyer must forfeit "any and all profits" from the sale and be paid to the developer. The profit is not split with the developer.

[Cranford61]

Originally Posted by VApeople

I think it is stupid people buying a house in a stupid location or on a stupid lot.

Once they realize they made a stupid decision, they want to move.

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.

[NoMo50]

Originally Posted by Topspinmo

Maybe it changed from 2 years to 1? Why said new rule. I wonder if I pay cash for house how can the stop me form selling it?

Simple...it is laid out in the contract you signed.

[Gunny2403]

Exactly. I don’t live on the driveway or park in the street.

[JMintzer]

Originally Posted by merrymini

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

Yup. People didn't like the "kissing lanais", so they moved the housed forward on the lot, giving them a bigger back yard...

Personally, I would look for a lot that had both room in the front and back, but that's my preference...

[NoMo50]

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.

[Bay Kid]

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

[BlueStarAirlines]

Originally Posted by merrymini

The driveways are shorter because they have bigger back yards with a small setback in the rear to accommodate expansion in the rear of a house. It may look more crowded from the street but it is done to allow more room for people to enlarge their living space.

You nailed it!

[Djean1981]

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..

[Djean1981]

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