[Normal]

Two pictures of the sales map. One 3 weeks ago, one this morning. Is it location or the economy? Houses aren’t moving too well these days. I would measure the more “rentable” across from Brownwood is the reason for the wait? Leesburg taxes?

[Stu from NYC]

Well let's see if the sun talks about this.

[VApeople]

We know this area pretty well because we like to play golf at MickeyLee and we have ridden our bikes along all of the paths shown on this map.

Maybe when they start building the new golf courses, improve Route 470, and start building Eastport, the areas on the map will become more desirable.

[Kelevision]

Originally Posted by Normal

Two pictures of the sales map. One 3 weeks ago, one this morning. Is it location or the economy? Houses aren’t moving too well these days. I would measure the more “rentable” across from Brownwood is the reason for the wait? Leesburg taxes?

I’m confused by these photos. The one on top has an entire section of mostly pending homes that’s not in the bottom photo.

[kkingston57]

Originally Posted by Kelevision

I’m confused by these photos. The one on top has an entire section of mostly pending homes that’s not in the bottom photo.

Most, if not all, readers here should be familiar with what is going on. Real estate has ups and downs. This is not a new phenomenon.

Have to admit that the developers are in a different situation than before. Brother coming in November for a Lifestyle visit. They are housing him in a new area(less developed). Last year he did it also and they stayed < 1/2 mile from Brownwood. New areas are too remote for me and a lot less desirable.

[JGibson]

High-interest rates will do that. Not everyone can pay cash.

[Kelevision]

Originally Posted by kkingston57

Most, if not all, readers here should be familiar with what is going on. Real estate has ups and downs. This is not a new phenomenon.

Have to admit that the developers are in a different situation than before. Brother coming in November for a Lifestyle visit. They are housing him in a new area(less developed). Last year he did it also and they stayed < 1/2 mile from Brownwood. New areas are too remote for me and a lot less desirable.

I really like that new area. Personally, being so much closer to Orlando is appealing. It’s also close to Eastport which will be great. I’ve considered selling and buying there but the interest rates are a deterrent.

[billethkid]

Keep in mind that a "slow" rate of sales in TV would/could be a boom number for many other developers.

[Stu from NYC]

Originally Posted by billethkid

Keep in mind that a "slow" rate of sales in TV would/could be a boom number for many other developers.

Think this is all about higher interest rates will be up there for some time. Wonder if they will slow down building?

[margaretmattson]

Originally Posted by Stu from NYC

Think this is all about higher interest rates will be up there for some time. Wonder if they will slow down building?

Most people know the next areas to be built will be in the Eastport area. With Championship golf courses, country clubs, the square, and more commercial, I suspect people are waiting to purchase. Lower taxes in Sumter County help too. My guess is investors will be lining up to purchase in that area. Just like Richmond, there will be 30 people or more wanting the same houses and they will revert back to the lottery system. Some unlucky homeowners may find themselves on a street with many rentals like those in Lake Sumter Landing and Brownwood.

I'm staying away! Once my CYV near a square is sold, I am purchasing farther north. I have no interest in reliving a neighborhood full of rentals. In my next move, I am looking for peace and tranquility.

[Stu from NYC]

Originally Posted by margaretmattson

Most people know the next areas to be built will be in the Eastport area. With Championship golf courses, country clubs, the square, and more commercial, I suspect people are waiting to purchase. Lower taxes in Sumter County help too. My guess is investors will be lining up to purchase in that area. Just like Richmond, there will be 30 people or more wanting the same houses and they will revert back to the lottery system. Some unlucky homeowners may find themselves on a street with many rentals like those in Lake Sumter Landing and Brownwood.

I'm staying away! Once my home is sold in LSL, I am purchasing farther north. I have no interest in reliving a neighborhood full of rentals. In my next move, I am looking for peace and quiet.

It seems to me that many people come down here and really think they need to make a buy within a week. As a result real estate salespeople will guide them to an area that they are told to by their management.

[margaretmattson]

Originally Posted by Stu from NYC

It seems to me that many people come down here and really think they need to make a buy within a week. As a result real estate salespeople will guide them to an area that they are told to by their management.

I wish I could say a real estate agent urged us to buy within walking distance to a square. Nope! That was our idea. We sold our larger home and bought a CYV close to amenities galore. For a few years, it was wonderful! Then came the popularity of AIRbnb and everything changed, quickly. Now, with ten rentals on my street, I am looking forward to getting away. We live, we learn, we adapt.

[Stu from NYC]

Originally Posted by margaretmattson

I wish I could say a real estate agent urged us to buy within walking distance to a square. Nope! That was our idea. We sold our larger home and bought a CYV close to amenities galore. For a few years, it was wonderful! Then came the popularity of AIRbnb and everything changed, quickly. Now, with ten rentals on my street, I am looking forward to getting away. We live, we learn, we adapt.

We all make mistakes in moving here. We thought a 3 bedroom would be big enough after our much larger home in Va and we are sorry we did not buy a larger one or a 4. So far not sorry enough to move but could well happen.

[DAVES]

Originally Posted by kkingston57

Most, if not all, readers here should be familiar with what is going on. Real estate has ups and downs. This is not a new phenomenon.

Have to admit that the developers are in a different situation than before. Brother coming in November for a Lifestyle visit. They are housing him in a new area(less developed). Last year he did it also and they stayed < 1/2 mile from Brownwood. New areas are too remote for me and a lot less desirable.

It is all a matter of OPINION. I do my best to avoid shoulda, coulda mightas. Far as your brother he is lucky to have you to translate what is going on. People, should beware of the bias, my area is better than your area kind of thing. We've been here for ten years. Frankly we chose well and even the timing was good. Personality-I laugh when I hear people typically move three times in the villages. An old line if you don't take the time to do it right the first time you will need time and money to do it again.

We are here full time. November is snow bird season. Cooler, and more crowded. Probably fewer options on the lifestyle visits. We've gotten used to the heat. Summer in Florida is sort of like getting used to snow up north. Happiness is a choice. You can be happy or miserable anywhere.

We took a mortgage when we bought a wise choice at that time. Mortgage money is now 8% and they are making it hard to qualify. Might be wise to know what you can or should spend. I do not know the future but I expect inflation will continue and taxes will go up.

[DAVES]

Originally Posted by margaretmattson

I wish I could say a real estate agent urged us to buy within walking distance to a square. Nope! That was our idea. We sold our larger home and bought a CYV close to amenities galore. For a few years, it was wonderful! Then came the popularity of AIRbnb and everything changed, quickly. Now, with ten rentals on my street, I am looking forward to getting away. We live, we learn, we adapt.

Far as neighbors we've been lucky. Our previous home, in New York we had the neighbors from hell. we bought new. I wanted a resale wife wanted new so that is why we bought new.
If I was buying a resale, I would surely want to meet the neighbors and ask people who live there what is going on. Brokers are sales people they are not likely to tell you renters have destroyed the quality of life unless the buyer is planing on renting the home.