Recently Bought a Home in TV

bricknj · 09-07-2010, 09:31 PM

Hi Skip2MySue: We are also from Brick and will be renting in TV for the month of October expecting to buy a home while we are there. We have visited before and have a cousin living in the village of St. Charles. Jerry/Rosemary

rblammon · 09-08-2010, 07:39 AM

We are also going to be in TV for the month of October for the first time. Will be looking for a house also to escape the cold Ohio winters. Good luck on your serch.

graciegirl · 09-08-2010, 07:41 AM

Quote:

Originally Posted by rblammon

We are also going to be in TV for the month of October for the first time. Will be looking for a house also to escape the cold Ohio winters. Good luck on your serch.

WELCOME RBlammon!

There are a lot of nice Buckeyes here in The Villages.

Please PM us and stop by our house when you are there.

Go Bucks!

bricknj · 09-08-2010, 08:00 AM

Hi Sherman931. Have family in Worland WY which we visit often, also have been to Home Depot in Gillette a number of times when we did some work by Devil's Tower and a few other towns. Beautiful country the west.

Skip2MySue · 09-08-2010, 08:12 AM

Quote:

Originally Posted by bricknj

Hi Skip2MySue: We are also from Brick and will be renting in TV for the month of October expecting to buy a home while we are there. We have visited before and have a cousin living in the village of St. Charles. Jerry/Rosemary

Howdy to you guys. Looks like Brick, NJ will be losing both of us to The Villages. In fact our next visit is for 10 days in October. We have friends that are 5+ year residents that came from the Shore and they rave about the lifestyle. We're part-timer's for now as we're still working but hope to have that situation changed in a year or two. We bought in Pennecamp and closed in July. Been there three times for visits and love everything about the experience.

Skip 2

bricknj · 09-08-2010, 08:32 AM

Yes we too fell in love with it. The only thing I'm not crazy about is the BOND and CDD, I think we'll look for something pre-owned where the bond is small or paid. We will probably be part timers being we want the market to come back some so we can sell our home here at a profit and not just give it away. Maybe we'll cross paths in October down there, we'll be the two with our heads out the windows trying to look at every available home. Jerry

getdul981 · 09-08-2010, 10:41 AM

Jerry - I could be wrong, (but I don't think so) but I think I read somewhere that the pre-owned homes are not much cheaper than the new. The reason is, although some or all of the bond has been paid, the owner just adds that into the selling price of the home, unlike the developer.

zcaveman · 09-08-2010, 11:46 AM

Quote:

Originally Posted by getdul981

Jerry - I could be wrong, (but I don't think so) but I think I read somewhere that the pre-owned homes are not much cheaper than the new. The reason is, although some or all of the bond has been paid, the owner just adds that into the selling price of the home, unlike the developer.

BUT the preowned homes have already gone through the expense of upgrading anything and everything and have the yard landscaped, etc. If you look at the price of a specific model of a new home vs THAT SAME MODEL of a preowned home and then add in what it would cost for the upgrades and landscaping, you are adding a significant amount. And depending on where you buy the preowned home, you are probably saving on the bond.

Each option has its plus and minuses. There is a lot to consider.

Personally I think a resale on the north side or in a five mile radius of LSL on the south side is a good deal. But that is just me.

bricknj · 09-08-2010, 06:38 PM

Thank you all for your comments, guess when we get down there in a few weeks we will be one busy couple. And that's why we took a month to really check out every possible option. Thanks again. Jerry

Pturner · 09-08-2010, 06:58 PM

I agree with Z. The only way to truly compare is to add the total cost of a new, including the bond and what you plan to spend for initial upgrades and landscaping, with the total cost of a comparable resale that already includes the extras.

tudacee · 09-08-2010, 10:56 PM

Bob and Fran...
We bought a CYV on Needlewood Lane in Pennecamp back in July. We did the same, came down for a visit in April and bought in July...surprised we waited that long.

We'll be back down in a week or two for a month...
and btw, my husband, Mickey, is a BIG Yankee fan...lol

Good luck with your purchase...enjoy!

Donna and Mickey

Sherman931 · 09-09-2010, 07:03 AM

Quote:

Originally Posted by bricknj

Hi Sherman931. Have family in Worland WY which we visit often, also have been to Home Depot in Gillette a number of times when we did some work by Devil's Tower and a few other towns. Beautiful country the west.

Ahhhhh, Wyoming, where men are men and sheep are nervous. Also everytime the wind stopped blowing in Gillette half the population would fall over. I was the director of EMS for Campbell County, stayed for a while but the west, especially Wyoming, was a bit isolated for me and my family. Good luck with your search for a home.

Sherman931 · 09-09-2010, 07:06 AM

Quote:

Originally Posted by tudacee

Bob and Fran...
We bought a CYV on Needlewood Lane in Pennecamp back in July. We did the same, came down for a visit in April and bought in July...surprised we waited that long.

We'll be back down in a week or two for a month...
and btw, my husband, Mickey, is a BIG Yankee fan...lol

Good luck with your purchase...enjoy!

Donna and Mickey

Thanks for your good wishes, got our first pictures yesterday of our home under construction.....WOW

do they build them fast.

graciegirl · 09-09-2010, 07:14 AM

Quote:

Originally Posted by bricknj

Yes we too fell in love with it. The only thing I'm not crazy about is the BOND and CDD, I think we'll look for something pre-owned where the bond is small or paid. We will probably be part timers being we want the market to come back some so we can sell our home here at a profit and not just give it away. Maybe we'll cross paths in October down there, we'll be the two with our heads out the windows trying to look at every available home. Jerry

Bricknj,

Don't be nervous about the bond. It is just an added expense to the home. For instance. A Camellia is selling for about 230k, just add 20k for the bond so the real price is 250K...new or old. Add more for a big view. The bond is lower on a cottage or Villa, higher on Premiers. Up north it is added in...it isn't here.

And...PTurner and all the rest are right. The older homes are about the same, they have added in the cost of what they have paid on the bond and the improvements...which may or may not be the improvements you like...Maybe you don't like orange walls.

I really feel that you will find the right one and you will be happy. I wish there were some homes on my street for sale because of course my village is the best.

Kindest wishes,
Gracie

jmitchell · 09-09-2010, 07:35 AM

Quote:

Originally Posted by Sherman931

Thanks for your good wishes, got our first pictures yesterday of our home under construction.....WOW

do they build them fast.

Sherman931,

My husband, Mike, and I are also in the "building" process in Pennecamp and you are right -- they build FAST

It is amazing. In the pictures we get everything always looks so orderly and clean. I have never seen it like this at a building site.

Our neighbor timed the roofing guy putting on the shingles (for fun)-- he said he only took 10 seconds per single -- VERY EFFICIENT! We close on Oct 12 and will be down full time (after Navy football season ends) Nov 24. We hope to meet you both! Are you listed on the Pennecamp.org site?

Good Luck and Enjoy. Isn't it SO exciting !

Recently Bought a Home in TV

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