[Marathon Man]

Funny how some people want to guess why these houses are for sale. The owners can answer the question. Why not wait for them?

[coffeebean]

Originally Posted by Pairadocs

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!)

We don’t golf yet I have not found any negatives living in The Villages. I’m happiest here than I have ever been.

[vintageogauge]

Death

[Djean1981]

We are in the South and part of Sales agreement was not to sell for a year (to prevent quick house flipping).

[tophcfa]

Originally Posted by CoachKandSportsguy

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 . . .

psychological guy

All are certainly reasonable reasons to explain the housing turnover, but I suspect the #1 reason the newer homes are reselling in such a short time frame is because real estate speculation investors are flipping for a profit. Smart investors will take the profit and move on, especially with interest rates continuing upward and inflation casting a dark cloud over the economy.

[Calisport]

I know a couple that is selling their designer home in Citrus Grove and buying 2 in Newell a mile away.
profit on the first home.

[Annie66]

Originally Posted by Gpsma

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

Actually for us, we have moved 27 times. My bride says our next move is to Forest Lawn Cemetery.

[CoachKandSportsguy]

Originally Posted by tophcfa

All are certainly reasonable reasons to explain the housing turnover, but I suspect the #1 reason the newer homes are reselling in such a short time frame is because real estate speculation investors are flipping for a profit. Smart investors will take the profit and move on, especially with interest rates continuing upward and inflation casting a dark cloud over the economy.

Could be, the people we talked with in marsh bend were not for financial gains. . .

but I will say that with all the large price increases, anyone who paid their bond off early got their money back with the increase in the house price.

[dschneider]

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.

Smartest thing I've read on this thread! Hands down!!!!!!

[Rwirish]

Well they are south of 44 with many being near the turnpike.

[rsmurano]

Everybody I know that is selling their home south of 44 is because they are cashing out and moving to a newer area (Richmond, or Newell). This past year, a home sold for $1.2 in 3 days in our south of 44 village, nice home/pool but no preserve or pond view. We have moved 6 times in the last 20 years (4 or those custom built homes) with 1 of those moves almost 3 thousand miles apart, so I don’t think it’s a big deal selling after a couple years and moving down the street if you find a better house or location.

[terryf484]

Originally Posted by Babubhat

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

We like that, keeps the riff raff out!! Wonderful here on Mars!!

Originally Posted by Djean1981

We are in the South and part of Sales agreement was not to sell for a year (to prevent quick house flipping).

I was told, 3 years ago, that often realtors buy up homes. Rent them for a year and then sell them. That was before the 2021 "gold rush" in T V. For a while there T V went to a lottery system to purchase so doubt there was an "insider" system going on. True or not people flip them after the one year mark. Each time new areas open up you see a lot of houses for sale. Can't go wrong with flipping in the bubble... after 1 yr.

[Hankofthedesert]

as an ex show biz person, rather than "bring the curtain down", I prefer to use the statement 'they are digging in our row'

[NoMo50]

Originally Posted by Rainger99

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.

Waiting for that one year anniversary date. But...if they don't wait for their two year anniversary date, they will owe capital gains taxes on their profits.