[hedoman]

We bought our house not with the expectations that it would increase in value but that it was the LAST home we would ever buy. We did see that the original price, when first bought, and the price we paid were significantly different. We go one helluva deal in that regard. Do houses apprecite like back in the day? NO.... Do they hold their value better than others? Possibly..

This is not a good time for real estate speculation....that's pretty obvious.

Too late in life for us to buy small and think of moving up...we are FROGS and love our "lilypad"

[keithwand]

I'm amazed at the some of the prices people are asking when they were only purchased from 2009 to 2011.

If you can build the same model home new with the same options: granite, 2+ golf garage, lot view, pool, cage, summer kitchen as a 2-3 year old year old home why would anyone pay the same or many thousands more for the 2 -3 year old home?

Example I found is owner pays 500K optioned as above from the builder in 2010 and asks well into 600's.

Builder quotes about the same 500K with the above options.

Which to buy, new or used?

[aljetmet]

The seller has only one person he needs to impress. You did your homework.
Someone else might not. If you were really interested in the re-sale, as you did, make sure you are comparing apples to apples.

Recently I mentioned re-sale to my wife and she looked at me as if I said a very nasty word. Our new house in TV will be our first new house. Anyway resales IMHO can be advantageous especially in TV. Just have to be very savvy and know exactly what you want. Some people I know just don't agree.

Good Luck!

[mrfixit]

Originally Posted by keithwand

I'm amazed at the some of the prices people are asking when they were only purchased from 2009 to 2011.

................why would anyone pay the same or many thousands more for the 2 -3 year old home?

...........IMHO..........Location..Location...Loca tion..

...............My sister gave a Substantial Premium for a home that was near her friends (and me???),
just so she could walk or cart to the locations....

........The kicker was "the home was not even for sale" when she first knocked on their door.

[Bill-n-Brillo]

Originally Posted by keithwand

I'm amazed at the some of the prices people are asking when they were only purchased from 2009 to 2011.

If you can build the same model home new with the same options: granite, 2+ golf garage, lot view, pool, cage, summer kitchen as a 2-3 year old year old home why would anyone pay the same or many thousands more for the 2 -3 year old home?

Example I found is owner pays 500K optioned as above from the builder in 2010 and asks well into 600's.

Builder quotes about the same 500K with the above options.

Which to buy, new or used?

Keith, you might find a difference in the bond amounts of new vs. resale homes.

Bill

[keithwand]

The bond would be pretty close for resale or new as we are only considering resale homes under 5 years old.

We are looking at both resale and new. Its just when a resale tries to get more than new with the same model and options and then wonders why its not selling.

We have a bond on our current home in Baldwin Park (Orlando) and just look at it as higher taxes we pay. No reason to pay it off.

[Carla B]

Even if you think the options are the same, there could be many upgrades that the owner installed that go into the higher asking price...i.e., crown molding, upgraded appliances, classier front door, organized closet systems, painted garage floor, attic stairs, driveway resurfacing, custom landscaping, window coverings, etc., etc.

The list is almost endless. If you drive through the neighborhoods where building is taking place, you'll see lots of modifications going on to brand new houses.

[eweissenbach]

The lot premium for a golf or water view can be as much as $150,000 or more. You can find the price the seller paid by going to Sumter County Property Appraiser - Ronnie Hawkins, CFA - Bushnell, Florida - 352-569-6800 and entering the street address, but that may not include many upgrades mentioned previously.

[Bill-n-Brillo]

Right or wrong, some home buyers elect to pay off their bond immediately or within a few years of the purchase. That would cause a value difference new vs. resale.

Bill

[keithwand]

Thanks for all of you thoughts.

The homes we are looking at at only reduced the bond amounts by the few years they have had them. Not worried about that.

Unfortunately when appraising a house; adds like a classier door, pull down stairs, crown molding, painted garage floor and better appliances don't mean much. That was all done at the owners taste and not always saleable. Better appliances in white means nothing if you want SS and have to pull them out and replace. You get the idea.

A brick drive or tile roof if not the norm does. Same would go for a pool and cage if both homes are similar otherwise.

We have priced a "new" home through TV sales ofc. with the same options and the same type of lot and came up quite a bit less than the resales.

We were quoted 200K for a golf lot with a Lantana sitting on it. Ouch.

We really want to stay in the 600K or lower range so no golf view.

[graciegirl]

We looked and looked and looked and looked at homes before deciding which model and then changed our minds. We looked at loads of resales but most of them had upgrades in a style that we would not have chosen. Some smelled funny. Some had smokers, some weren't real clean or would require an all over paint job. There were a couple we would have jumped at, but had to sell our house in Hadley and the one in Ohio...and of course ditto the empty lots that we really loved and could afford.

When we did sell both houses we were homeless and really felt like we had to act. Our landlords rented us a home until October first and that was enough time to build if we started right away. We chose a place near 466 and a poster came on right after we signed and said she would never move to this village because it was close to 466, which caused us some bad thoughts.... and now we love it. We can zip all over the villages and can even hear the faint strains of the music at Lake Sumter Landing when the wind is blowing right.

There will NEVER be the friends we had in Hadley, but we didn't have to lose them, and now we have a bunch of great new neighbors.

I am thinking that new or resale, there isn't a bad choice to be made.

[Bill-n-Brillo]

Keith, I don't think you'll get anywhere with the tile roof concept in TV, short of resales in a couple of existing CYV areas north of 466 that were built with them originally. I doubt those would meet your pricing criteria. Haven't seen any types of home built recently in TV with tile roofs.

Bill

[eweissenbach]

Originally Posted by keithwand

Thanks for all of you thoughts.

The homes we are looking at at only reduced the bond amounts by the few years they have had them. Not worried about that.

Unfortunately when appraising a house; adds like a classier door, pull down stairs, crown molding, painted garage floor and better appliances don't mean much. That was all done at the owners taste and not always saleable. Better appliances in white means nothing if you want SS and have to pull them out and replace. You get the idea.

A brick drive or tile roof if not the norm does. Same would go for a pool and cage if both homes are similar otherwise.

We have priced a "new" home through TV sales ofc. with the same options and the same type of lot and came up quite a bit less than the resales.

We were quoted 200K for a golf lot with a Lantana sitting on it. Ouch.

We really want to stay in the 600K or lower range so no golf view.

Not really following your concerns, but here is a new Latana with a golf front for $404K The Villages - Search New Homes & Villas in The Villages, Florida

[keithwand]

Originally Posted by eweissenbach

Not really following your concerns, but here is a new Latana with a golf front for $404K The Villages - Search New Homes & Villas in The Villages, Florida

Thanks for the heads up. We'll check it out.