[RickeyD]

On new homes an impact & utility fee to the tune of 7K will be tacked on. Although the full tax bill won't be charged for the first year.

[graciegirl]

Originally Posted by RickeyD

On new homes an impact & utility fee to the tune of 7K will be tacked on. Although the full tax bill won't be charged for the first year.

Rickey, I don't know what you mean by an impact and utility fee. I thought that meant the cost of the infrastructure, the laying and positioning of sewer lines, water and electricity etc.


Here on new homes we have "The Bond" which is the money the developer used to do all of those things with the golf courses and the rec centers thrown in. Perhaps I don't understand what you meant.


On new homes as I last heard was; The bond cost


About 13K for cottages and patio villas
About 25K for designers
About 50k for premiers.


This is not added to the price of a home if it is new, but a separate expense that is payable along with property taxes or can be paid all at once.

[RickeyD]

On the settlement statement two line items totaling 7K for utility & impact are levied apart from the bond.

[graciegirl]

Originally Posted by RickeyD

On the settlement statement two line items totaling 7K for utility & impact are levied apart from the bond.

I don't know a thing about this and Sweetie says he doesn't recall it at either closing of new homes here.


I will have to ask Jim McLaughlin to tell us about it.

[RickeyD]

Originally Posted by graciegirl

I don't know a thing about this and Sweetie says he doesn't recall it at either closing of new homes here.


I will have to ask Jim McLaughlin to tell us about it.

Please do, maybe they'll realize their mistake and issue me a refund [emoji848]

[Challenger]

Originally Posted by RickeyD

Please do, maybe they'll realize their mistake and issue me a refund [emoji848]

Where in TV did you buy? These could be City charges. Parts of TV are in Fruitland Park, Wildwood, And Lady Lake. Each has the ability to charge its own taxes and fees

[ctmurray]

We came down and rented in three places, one month in each, and I would recommend that to anyone considering. Takes some effort to arrange though. As others have mentioned we had a Villages realtor showing us various models in various villages. So we got to know what a patio villa, a courtyard villa and free standing homes looked like. Even what model of each we liked or disliked. Any house of slight interest we would drive around and find the closest rec centers and pools. Also considered how far from a town square and shopping, and road traffic and golf cart access to things. Eventually we saw and bought a house we really loved. We also looked at houses being sold outside realtors (Village realtors can only show you homes being sold through the Villages, but many homes are sold outside this system). And I think we had enough information to be secure in our decision. There is a "rumor" that people in the Villages move within the villages, by another house, up to 3 times. So over time your desires might change, and that apparently is normal.

[twoplanekid]

60% of the resale market and 100% of the new is controlled by the Villages sales staff. As such, anyone would be foolish not to work with then as well as independent sales agents. Our Village sales agent showed us both new and resale. On the face of things, the prices of new look much better then resale until you consider the bond, upgrades and other amenities added to a resale. However, we did purchase a new house.

And the following from page 43 of the SLCDD 9/10/2015 Agenda PDF


The information appearing herein regarding The Villages and the Developer has been furnished by the Developer.
..............

Historical annual home closings and historical annual average sales prices (home and lot) in The
Villages are as follows:

Year Homes Sold (Home and Lot) Average Sale Price
1986 511 *
1987 543 *
1988 517 *
1989 542 $ 74,000
1990 502 79,000
1991 430 81,000
1992 562 87,000
1993 567 93,000
1994 686 98,000
1995 700 106,000
1996 753 115,000
1997 1,054 119,000
1998 1,321 129,000
1999 1,544 139,000
2000 1,776 151,000
2001 2,074 156,000
2002 2,260 163,000
2003 3,329 168,000
2004 3,955 204,000
2005 4,263 232,000
2006 3,935 257,000
2007 2,403 251,000
2008 2,236 231,000
2009 2,115 229,000
2010 2,208 231,000
2011 2,307 241,000
2012 2,850 244,000
2013 3,419 271,000
2014 2,601 304,000
2015** 1,319 304,000

___________________________
* Not applicable.
**Seven months ending July 31, 2015.
The Developer employs six general contractors who subcontract all of the home construction of the single-family, site-built homes. The Developer also supervises outside engineering firms and contracts all of the development site work.

On average, the Developer believes that approximately five percent of the existing homes in The Villages resell in any given year. The resale of existing homesites are facilitated by a real estate brokerage firm affiliated with the Developer and other unaffiliated realtors and are not included in the above table. The Developer believes that this real estate brokerage firm has an approximately 60% market share. As of July 31, 2015, the real estate brokerage firm affiliated with the Developer had approximately 352 resale home listings.

[RickeyD]

Originally Posted by Challenger

Where in TV did you buy? These could be City charges. Parts of TV are in Fruitland Park, Wildwood, And Lady Lake. Each has the ability to charge its own taxes and fees

Lake Deaton, not within a city.

[graciegirl]

Originally Posted by RickeyD

Lake Deaton, not within a city.

Could this be the difference between a home purchased with a loan and one not purchased with a loan?

[RickeyD]

I bought cash. Now there is doubt in my mind as to why I was charged this. I will call Mclin and find out why. You are the second person to question this in the past two weeks. The first, which should have been myself, is a Villages rep.

[justjim]

Originally Posted by RickeyD

On the settlement statement two line items totaling 7K for utility & impact are levied apart from the bond.

Rickey, just "dug out" my closing file and HUD settlement statement dated 4-17-15 for our Village of LaBelle house and the two items Utility fee and impact fee were items paid by the seller (Villages of Lake Sumter). In short, they were fees paid by the Seller and not by the Buyer lines 1303 and 1307 on the Hud settlement statement.

I hope this helps.

[Sable99]

My suggestion would be to go the thevillages.com and look at the floor plans. In 2012 when I was looking, I printed off the floor plans for the patio villas, courtyard villas, cottage homes and the designer homes. I then made notes on the pros and cons of each home.

I knew I wanted nice sized bedrooms, a larger lanai and an indoor laundry. I soon added a larger garage to that list after we rented a villa. The villa we rented had a 1 car 1 cart garage and we literally had 4" between the cart and my Flex! I didn't want to go through getting both vehicles in the garage every day! Since I built my home in 2012, I got a puppy and now I might consider a villa again but it would have to have a two car garage. There are a few villas with two car garages or expanded garages in the new areas.