[Lottoguy]

In the paper yesterday there were 15 pages of homes for sale south of 44 in the newer area. Many of these homes are very expensive. Some of them over one million dollars.
According to the rules after a new sale of a home, you cannot resale that home until you keep it for one year. What are the reasons for selling these nice home after such a short time? I don't get it.

[retiredguy123]

Not exactly. The rule is that you can resell the house at any time, but, if the sale price exceeds the cost of the house, plus the sales commission, plus any upgrades, the difference must be paid to the developer.

[LuvtheVillages]

Originally Posted by Lottoguy

In the paper yesterday there were 15 pages of homes for sale south of 44 in the newer area. Many of these homes are very expensive. Some of them over one million dollars.
According to the rules after a new sale of a home, you cannot resale that home until you keep it for one year. What are the reasons for selling these nice home after such a short time? I don't get it.

They were bought as investments, not as a place for the owner to live.

[asianthree]

Originally Posted by LuvtheVillages

They were bought as investments, not as a place for the owner to live.

Rule still stands for either owner occupied or investment. Under a year profit goes to the developer

[Rainger99]

Originally Posted by asianthree

Rule still stands for either owner occupied or investment. Under a year profit goes to the developer

That is true - but were any of the homes less than a year old? I have seen some homes for sale but they say that they can't close until a certain date in the future.

[Dusty_Star]

Originally Posted by Lottoguy

In the paper yesterday there were 15 pages of homes for sale south of 44 in the newer area. Many of these homes are very expensive. Some of them over one million dollars.
According to the rules after a new sale of a home, you cannot resale that home until you keep it for one year. What are the reasons for selling these nice home after such a short time? I don't get it.

Good question: why are so many up for resale so quickly?

[shut the front door]

The Villages isn't for everybody. I know some people can't comprehend that, but not everyone likes a fast paced, active, sometimes very crowded lifestyle in retirement. Some people buy a house they haven't actually looked at and don't care for the surroundings (their fault....). I have friends who have moved every year after buying in brand new villages. Moving a lot isn't for me, but some people like that. My friends have made a lot of $$ doing that.

[ThirdOfFive]

Originally Posted by shut the front door

The Villages isn't for everybody. I know some people can't comprehend that, but not everyone likes a fast paced, active, sometimes very crowded lifestyle in retirement. Some people buy a house they haven't actually looked at and don't care for the surroundings (their fault....). I have friends who have moved every year after buying in brand new villages. Moving a lot isn't for me, but some people like that. My friends have made a lot of $$ doing that.

I recall reading back in 2019 that Villagers move, once they're in The Villages, an average of five more times within The Villages. Seems like a lot, considering that many of us, realistically speaking, are not that far removed from the curtain coming down.

[CoachKandSportsguy]

Originally Posted by Lottoguy

In the paper yesterday there were 15 pages of homes for sale south of 44 in the newer area. Many of these homes are very expensive. Some of them over one million dollars.
According to the rules after a new sale of a home, you cannot resale that home until you keep it for one year. What are the reasons for selling these nice home after such a short time? I don't get it.

SO most of them have a different mind set than you. You may have bought your near ideal house and financially secure. Others might want to take the appreciation and build another house at a cheaper price as its cheaper to build in a new location or build a better house with the profits. . also there are divorce reasons, medical/death reasons, family reasons. . those three reasons are the big three which a retirement population deals with all the time. . . and cause house turnovers. . . the fourth is house appreciation to add to financial security. .
fifth is downsizing with age . . . not high on the list. .

we bought ours at $355, currently zillow at $560, that's a nice chunk of change if we needed more savings for retirement . . .

so the answer is not everyone thinks like you, not everyone has your financial situation, and if you are wanting to move to TV, a resale gets you here faster, if you can afford it. .

have an open mind. .

psychological guy

[Babubhat]

Asking price is often far removed from reality. Once south of Richmond it might as well be Mars

[Debfrommaine]

Originally Posted by CoachKandSportsguy

SO most of them have a different mind set than you. You may have bought your near ideal house and financially secure. Others might want to take the appreciation and build another house at a cheaper price as its cheaper to build in a new location or build a better house with the profits. . also there are divorce reasons, medical/death reasons, family reasons. . those three reasons are the big three which a retirement population deals with all the time. . . and cause house turnovers. . . the fourth is house appreciation to add to financial security. .
fifth is downsizing with age . . . not high on the list. .

we bought ours at $355, currently zillow at $560, that's a nice chunk of change if we needed more savings for retirement . . .

so the answer is not everyone thinks like you, not everyone has your financial situation, and if you are wanting to move to TV, a resale gets you here faster, if you can afford it. .

have an open mind. .

psychological guy

Well said. We've owned four homes in ten years in The Villages. Our choice, our decision. Many people can't comprehend the thought, I can't comprehend living in one home for years. Moving suits us, we ask nothing of anyone and figure it out....and we ignore the negative comments. Yes, to each their own, it's served us well.

[Gpsma]

Originally Posted by Debfrommaine

Well said. We've owned four homes in ten years in The Villages. Our choice, our decision. Many people can't comprehend the thought, I can't comprehend living in one home for years. Moving suits us, we ask nothing of anyone and figure it out....and we ignore the negative comments. Yes, to each their own, it's served us well.

Did you move a lot in your pre- retirement years? If you did maybe thats why you cant stay in one location for long

[Dotneko]

Originally Posted by Babubhat

Asking price is often far removed from reality. Once south of Richmond it might as well be Mars

lol - we feel the same way about Spanish Springs. Other than bowling, oh, and Chicos, I have no desire to go there.

We are in St Cats. Coming up on our 2 year anniversary. The house across from us just sold for over a million. No water view, on the preserve so trees behind. Nothing owed to the developer after a year. It cost around 700k to build.

[Pairadocs]

Originally Posted by ThirdOfFive

I recall reading back in 2019 that Villagers move, once they're in The Villages, an average of five more times within The Villages. Seems like a lot, considering that many of us, realistically speaking, are not that far removed from the curtain coming down.

I know it's only supposition, but, FIVE times does seems like an exaggeration ! Having been here for many years now, and most of us on our block had our homes built at (relatively) the same time, 3 have actually moved to another location within the villages (2 decided on a villa to cut down on yard work, etc. and one moved to a new home in the Brownwood area). We have also had 2 (originals) move out of the Villages completely. In both cases, they relocated here in central Florida, but felt the expense of the amenity fee was not a value for them since the activities they enjoy are relatively free in any community (bike and walking trails, card games, parks, swimming pool, local softball teams and games, etc.) to one moved to Inverness area, one to area of Spring Hill.
In my opinion, a good number of people vacation here and are "dazzled", like most of us are when we vacation. On our very first visit to the keys 40 years ago, my initial thought was THIS is it, I wish we could relocation here RIGHT NOW. Never entered my mind there could also be many negatives as well as positives. Think this happens to many who don't spend much time truly exploring the reality of day to day living in ANY location they are considering. A 2 week visit to Florida, with a number of 1 day stops at various "retirement" locations, is just not a reliable foundation for such a huge investment... but... it works out for some. Why have we stayed in light of many negatives, the number and selection of golf courses we have never found anywhere else (and we've looked...LOL!)

[Pairadocs]

Originally Posted by CoachKandSportsguy

SO most of them have a different mind set than you. You may have bought your near ideal house and financially secure. Others might want to take the appreciation and build another house at a cheaper price as its cheaper to build in a new location or build a better house with the profits. . also there are divorce reasons, medical/death reasons, family reasons. . those three reasons are the big three which a retirement population deals with all the time. . . and cause house turnovers. . . the fourth is house appreciation to add to financial security. .
fifth is downsizing with age . . . not high on the list. .

we bought ours at $355, currently zillow at $560, that's a nice chunk of change if we needed more savings for retirement . . .

so the answer is not everyone thinks like you, not everyone has your financial situation, and if you are wanting to move to TV, a resale gets you here faster, if you can afford it. .

have an open mind. .

psychological guy

Well stated ! The "turn over" here probably is a much higher percentage than an average community. The increase in property value (as you expressed your own case) is probably a major factor. Our very close friends, financially secure friends, suddenly decided to sell their villages home (they had 2 homes for years) and spend all the profits (substantial and sold the 3rd day it was one the market !) traveling the world while they are in good health. They just returned from 15 day cruise and will be heading to Europe in just a few weeks for many weeks of river cruising, and 3 more trips planned following that. So far, they love the traveling more than having a vacation home in Florida.. again, we all have our preferences and desires. Best to follow them is my philosophy...LOL !