[bowlingal]

Exactly! Why are these homes coming on the market so soon? What is so wrong with the area south of 44? Must be a big deal. They ALL can't be for flipping. So.....owners what is the answer??

[Bay Kid]

I believe they buy down south, but after living there they find they should have bought further north.

[brianherlihy]

we are selling we were told a lot of bs

[BlueStarAirlines]

Originally Posted by Dotneko

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

There are a lot of us that feel that way! We went to an event at the Polo Club and felt like I went back in time 3-4 decades.....

[Pjgregory]

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.

We tried to buy a home in Richmond last year, but there were 50 people it seemed going after each home that came up there, now we are hearing they are just about all rentals, and that after a year most of these will go up for sale for a hefty profit. So basically , because of the market, people are just buying to flip. Which is a shame , because a lot of us who have now bought in Newell and plan to live here tried to get into Richmond only to be shoved out by investors looking to make a buck versus those of us who actually wanted to call this home.

[Babubhat]

Two years can make the gain tax free if you meet the requirements

[OhioBuckeye]

Because to many people buy homes to resell & I’m guessing TV don’t want TV market to be swamped with homes to make a profit. As far as some of the homes being listed at 1 million dollars, nobody can judge how much a home is worth. If it worth a million dollars to someone & someone in the 10% of the population have a million dollars & buy it, good for them. But million dollar homes will take a long time to sell compared to a 2-3 or $400,000. home. Also this is time to sell homes, school is about ready for schools to be on summer break, so now some parents don’t have to switch their kids in the middle of the school year!

[Lottoguy]

So their selling their house already like a stock? I don't think so. Not in this market.

[vintageogauge]

Originally Posted by OhioBuckeye

Because to many people buy homes to resell & I’m guessing TV don’t want TV market to be swamped with homes to make a profit. As far as some of the homes being listed at 1 million dollars, nobody can judge how much a home is worth. If it worth a million dollars to someone & someone in the 10% of the population have a million dollars & buy it, good for them. But million dollar homes will take a long time to sell compared to a 2-3 or $400,000. home. Also this is time to sell homes, school is about ready for schools to be on summer break, so now some parents don’t have to switch their kids in the middle of the school year!

Kids?

[Lottoguy]

Death? This area is where the youngest buyers are. If that is the case then why only 3 pages of homes for sale in the northern area of Mulberry/Lopez?

[Lottoguy]

Please explain further on the BS you were told....

[Vermilion Villager]

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.

It appears you're making an assumption that homes south of 44 are less than one year old. With the exception of the newest developments, most of the homes south of 44…mine in Marsh Bend included are 2-3 years old.

[waterflower]

They found out more information they did not have prior to purchasing

[RiderOnTheStorm]

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.

Speculators

[darkim]

Originally Posted by 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.

Thanks for the clarification. I never understood how that worked because I've purchased (2) new homes in St. John and Deluna over the past 12-months, and I don't recall signing anything or discussing this restriction during the closing process. They never discuss re-sale or rental within 12-months. Thanks again.