[ivanhoe]

Rumor has it they slapped 8k onto property tax 'new construction' south of 44.

[justjim]

OP, with the exception of a few the answer to your question is simply $$$$$$$!

[Retiring]

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.

I believe you can sell anytime. However, you can’t profit if built less than a year. The house next to me recently sold. The owner started construction last year, put it on the market at the 11 month mark and sold it between 12 and 13 mons after the house was complete. It sold for $1.1 and comparing it to my home which was built last year also judging by the sq ft and upgrades I would say the house cost approx. $750k. Not a bad ROI.

[Marathon Man]

Originally Posted by 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??

How many times are you going to ask this? The answer is that they are taking profits. Same answer as the other times you asked.

[Marathon Man]

Originally Posted by Bay Kid

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

Not even close.

I know not one single person who sold and moved north. But I know several who sold and moved further south, including me.

[dewilson58]

Originally Posted by ivanhoe

Rumor has it they slapped 8k onto property tax 'new construction' south of 44.

My hair dresser said, not true.

[merrymini]

Hopefully those investors have a crystal ball because you never know when the climb of house values are going to stall!

[OhioBuckeye]

Vintageogauge, KiDS, could be!

[vintageogauge]

Originally Posted by ivanhoe

Rumor has it they slapped 8k onto property tax 'new construction' south of 44.

Rumors are exactly that, rumors

[JMintzer]

Originally Posted by Marathon Man

Not even close.

I know not one single person who sold and moved north. But I know several who sold and moved further south, including me.

You need to get out more. I know of several...

I also know a few who moved down south...

People live where they want to live; Stop being so defensive about it...

[SusanStCatherine]

I know of four people sold in St. Catherine. One moved to a Village north of 44 and had previously moved from Marsh Bend. Her daughter is a realtor. Another home was purchased for parents who did not want it and never moved in. Another couple could not sell their very expensive home in NC and returned there. Another moved within St Catherine to a bigger house.

[Debfrommaine]

Originally Posted by ivanhoe

Rumor has it they slapped 8k onto property tax 'new construction' south of 44.

Not in our case when we moved south of 44.

[Garywt]

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.

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.

We didn’t care much for Spanish Springs at first but since we now live 20 minutes away we are there a lot. Between music, all the shopping there and across the highway we seem to always be coming and going. Our cousins live in St. Catherine’s so we met up with them at Sawgrass the other day, love it there as well. We go anywhere and everywhere by golf cart.

[Garywt]

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 would be interesting to know what new sales and resales would look like if the rule was owner occupied only.

[DiviAruba]

Originally Posted by brianherlihy

we are selling we were told a lot of bs

What were you told that was BS