@@DavidMonty I think most retirees intentions is to not retire house poor 🙄
@DavidMonty6 күн бұрын
@@weareallamericans7358 I agree, that is not a wise idea. Fortunately, there are homes here that meet most people's budgets.
@geraldbrienza447411 күн бұрын
The villages is a cross between Pleasantville, the Stepford wives, Westworld and the invasion of the body snatchers.
@noreenn697611 күн бұрын
Wow, beautiful home! Love the opening drone shots!
@DavidMonty6 күн бұрын
Thanks, I agree, the photographer did a great job, but he also had a great canvas to work with.
@KimJeffer21 күн бұрын
We just arrived at TV today. A realtor took us around . She really liked the East Village area. We didn't care for it at all. Just houses on land, close together, looked cheaply made from the outside. As we drove back we mentioned that we liked the areas that had more mature landscape. We are getting older and may not have enough time to see that area develope to a nice area. That was just our first impression
@gbw003Ай бұрын
Thank you Dave, excellent info. My question is when you buy a home in the villages and the bond isn’t paid off when do the bond maintenance payments start ?
@DavidMontyАй бұрын
Hi there, the bond is a tax and the tax bills come out mid fall and due Jan 1st. You will only pay for bond and taxes for the days you own home. Taxes are prorated with the seller.
@gbw003Ай бұрын
David, When do the CDD payments start, after you paid off the bond or as soon as you buy the property ? Thank you
@DavidMontyАй бұрын
@@gbw003 CDD is also on the tax bill which comes in the fall. It starts as soon as the home is built and does not go away. You can think of this like a road maintenance tax.
@359novaАй бұрын
David, nice house but: 1. How much 2. Location,etc Please put more information Thank you
@DavidMontyАй бұрын
Hi David, Thank you for the questions. I added the description in the comments.
@richardargst157Ай бұрын
Dave if I ask a question you don't like will you delete it?
@DavidMontyАй бұрын
I am getting a few of these today. I only delete political comments. What is your quesiton?
@tomblevins5020Ай бұрын
Why have my posts been deleted???
@karlkeating9960Ай бұрын
I asked a question about the house and my post was deleted too. Dave is very sensitive.
@DavidMontyАй бұрын
I am not sure what is going on. The only comments I delete are political comments
@DavidMontyАй бұрын
Hi Karl, Waht is your question? I am not sure what is going on, but I only delete politcal comments
@cathyplomb6693Ай бұрын
Beautiful home for the money!
@SamMcMillan-nx6tp2 ай бұрын
Dave, please send me the calc. Thx
@DavidMonty2 ай бұрын
Hey Sam, Please email me at [email protected] as I dont have your email address to send it.
@DWilliam12 ай бұрын
Thanks for a comprehensive video. After looking at these numbers, I’ll probably stay at my place in South Carolina which is much more reasonable even factoring in state income tax.
@DavidMonty2 ай бұрын
I really like SC. Probably cant go wrong there :)
@michaelsd2843 ай бұрын
Nice home and at a really nice value. As a suggestion, it would be nice to include a floor plan so we can see how it all ties together.
@DavidMonty2 ай бұрын
If you are interested, feel free to email me at [email protected] and I will send you the floor plan
@noreenn69763 ай бұрын
Nice home!
@brendaberisha26343 ай бұрын
Where is it and how much??
@DavidMonty3 ай бұрын
3270 Palatine Court is in The Village of Glenbrook in The Villages. A bit north of CR 466. Here is the link for google maps www.google.com/maps/place/3270+Palatine+Ct,+The+Villages,+FL+32162/@28.9479876,-82.011808,17z/data=!3m1!4b1!4m6!3m5!1s0x88e7c4e2a1a89683:0xbdff8fdb9f9f48d7!8m2!3d28.9479876!4d-82.0092277!16s%2Fg%2F11c5jnz38s?entry=ttu
@commonweakness90603 ай бұрын
Thanks for the video. I have a question. I've heard that if you buy through the villages that you are requited to close in 30 days. Does that apply if you are buying from an existing owner and not directly from the villages? Thanks again.
@DavidMonty3 ай бұрын
If you are buying a resale you do not have to close within 30 days. It would be up to the seller of the property and the buyer to negotiated a close date.
@commonweakness90603 ай бұрын
@@DavidMonty Thank you so much!
@jimosburn19133 ай бұрын
Good job!
@scothershman13 ай бұрын
I sure hate hearing that USAA prices are so high. I use to be able to guarentee they could beat any quote for military people. Guess i should stop now.
@DavidMonty3 ай бұрын
I learned along time ago they are not less expensive, but their service was good enough to stay with them with the minor price differences. But, this price diffference is too big to over come that.
@douglasstone38134 ай бұрын
I had family buy in The Villages in 2007 they saw their home value drop in half before it recovered years later, this time will be the same or worse as Boomers are aging out and they are the housing market we X'ers are a small group.
@lauralampe16644 ай бұрын
Great information Dave. With buyers do you sometimes have to give them a "wake-up call" and tell them when they are making a low ball offer that won't be accepted & may cause them to lose out on that home?
@Livefreeordi4 ай бұрын
This is happening more frequently. The house is priced lower than market value creates a bidding more. For me personally, I just keep moving. I won’t even look at it because I’m not getting it any bidding war. Don’t want anything that bad.
@DavidMonty4 ай бұрын
Just so you know, if you ever find yourself in a multiple offer situation there is a way to take emotion out of the process and submit one offer using an escalating offer.
@douglasstone38134 ай бұрын
There are no bidding wars above 7% bro those days are yesterday. People are now selling for tens of thousands less than they paid in Peak Covid Hysteria.
@Me-xm4tg4 ай бұрын
Thank you great advice . So can you recommend how I can do a analysis myself before listening ? Thanks
@DavidMonty4 ай бұрын
If its local, i can do it for you. Just send me the address. If you are out of state, you can use realtor.com. Search homes near your home that are about the same size. Adjust the homes by price per square foot, then go through the pictures of the homes near you to compare their homes to yours. The problem is that you would need to know the market to know home much to adjust individual features.
@michaelsd2844 ай бұрын
Hi David, really informative video and I hope other agents do the market analysis you do. A couple of question for you. First, would you rate your market analysis comparable to that of the underwriters appraisers? Second, do buyers/sellers (including agents) have the ability to hire comparable appraisers?
@DavidMonty4 ай бұрын
I get called to do Broker Price Opinions by out of state banks. These are not full appraisals, banks will use these when there is a large down payment, so they dont have to be as precise. But, in my opinion what I do is as accurate. The appraisers are much more detailed but, but the results are very similar. Pricing is not an exact science, so no matter who is going them, there were will be variances. Playing golf you have a 150 yard shot, so I am going to high an 8 iron. The expert comes in and says, you have a slight breeze from the left into you, it is playing down hill, it is a cooler day so the ball wont travel as far - you should play your 8 iron. You can hire an appraiser. But, you would need to specify in the contract that the deal is contigent upon appraisal, and how close that appraisal needs to be to the contract price. In general, a market analysis before submitting an offer should suffice.
@fierceflyer54 ай бұрын
Dave great info, but current homes on the market should include VLS used homes as well. I believe if you do you will see quite a different picture of how much preowned inventory is actually out there. Also from what I’ve heard Dec, Jan & Feb are usually the most active for sales in TV because of all the snowbirds being there.
@DavidMonty4 ай бұрын
I dont have access to VLS numbers. But, I would image them to be similar in nature to the MLS. I have the ability to see what they have for sale, or what is pending, but I dont have the ability to see how fast they are selling. This is why I use months of inventory vs. the raw number of homes on the market. If I added in The VLS resale inventoy about 225 homes on the resale market to the 379 homes on the MLS the raw number goes up to 600 homes-ish. But we would also need to add the number of resale homes that are selling on the VLS (I dont have access to this number) to the number of homes per month on the MLS. If the MLS is selling 110 homes a month, I would estimate they are selling at the same pace or 65 homes per month. Then the months of inventory woue be about the same. December is by far the slowest home here. January-March/April is the busiest time. January has the least number of closings due to the fact the December has the fews homes going under contract. In general if you are looking to buy or sell - January - October is pretty solid. Hope this helps
@BradInStLouis4 ай бұрын
Does your wife have a website or Instagram/Facebook?
@DavidMonty4 ай бұрын
It is Monty Creative Design on Facebook.
@Peter-tc2gm4 ай бұрын
Great video, Ty. How much value, roughly does a golf cart garage add to a home?
@DavidMonty4 ай бұрын
That is the next video :) If the home is vinyl about $25k, if its stucco about $30k.
@Peter-tc2gm4 ай бұрын
@@DavidMonty can’t wait for the next video! They are always informative, keep them coming.
@JJ-bl5mz4 ай бұрын
Another great video. Location Location Location. It’s the one thing that stays constant in real estate demand over time. So I purchased new in Richmond, the price appreciation in resales is much higher than than I anticipated to see in such a short time. I remember watching a video where you said you were going after a home in Richmond for yourself and didn’t happen. I was wondering if you are going to try to grab one of the 75 or so homes/villas that are going to be coming to market shortly? And are you anticipating they are going to sell them at the lower prices the Richmond homes were went built new, or are they going to raise the prices 100k plus to be in line with Richmond resales?
@DavidMonty4 ай бұрын
If they do what they did in Richmond and not charge a premium for location, yes I will go after one. But, I dont have any idea on pricing until they release the homes. However, my gut tells me that they will not charge a premium, as they would be "admitting" that where they currently building in Lake Denham and place further south are not as desirable.
@FloridaClay4 ай бұрын
Not substantive, but IMHO your new graphic design for these shows is hugely better. As to north vs. south, it depends on how far south you are. I am in DeLuna south of the turnpike, but only about 3 miles from Brownwood.
@DavidMonty4 ай бұрын
Thanks. I am not a graphic designer but keep trying to make it look better.
@katec40964 ай бұрын
Very informative. Thank you for your analysis. It is ashamed that some realtors will not do their jobs and let buyers buy a vastly overpriced home. No matter how big The Villages get, those realtors do not realize word of mouth will get around. Considering how tight the market is, they cannot afford to lose the business. There are only a handful of realtors that I will consider.
@DavidMonty4 ай бұрын
I never sell my Buyers. Meaning they either like the house or they don’t. I view my job as giving my buyers as much information as possible to make an informed decision. I’m not 100% sure if that other agent let their client know. In that example, my client was actually willing to pay almost $900,000 even after I told her the house was probably only worth 700,000 max. But you’re 100% right about word-of-mouth in the villages. A majority of my business came from KZread, but after four years a majority of my business is now coming from referrals.
@DavidMonty4 ай бұрын
And, hopefully I’m one of the ones that you would consider 😊
@rickbartley92554 ай бұрын
Thanks for the thorough analysis Dave. Hope to be a customer at some point.
@DavidMonty4 ай бұрын
You are welcome. I’m ready when you are!
@curbappeal10104 ай бұрын
Thanks - I enjoy watching your videos and glad to see you back! I'll be looking to buy there in a year or two. Do you still offer the service of having a designer who can help fix things up we I found a fixer-upper? I think you called it "The Full Monty" - great name!
@DavidMonty4 ай бұрын
I never went away, but it has been a while since I posted a video. They take quite a while to put together, I actually recorded one in November, one in December and one in January. But, never got a chance to edit them. To answer your question. Yes, we still help our clients update homes. My wife will help pick out flooring, light fixtures, tile, etc. We had to stop her providing full design services, mainly due to the fact that we are busy with the basic updating of homes. But, we can point you in the right direction with a good canvas of a house and points in the right direction as far as looking and feel.
@dmobrecht1095 ай бұрын
Churches?
@DavidMonty5 ай бұрын
I just went to Google Maps and searched churches. I know that not all show up on the search because one down the street from where I live did not show up. But, 20 churches did show up, all north of 466A. So, from the newer areas about 30 minutes by car.
@user-ql5yf2en6q5 ай бұрын
Great information. It does not include taxes in the income section. I just did a negative 20% in the other line. I’d love to see information on closing costs for new homes. Thank you
@DavidMonty5 ай бұрын
Doing taxes on this spreadsheet would be very complicated, since so many factors go into taxes. They are not flat rate. So, I suggest putting net income into the calculator. I will take your advice and put closing costs as an estimate or another tab on the spread sheet (good suggestion).
@TomWilson80037 ай бұрын
Another helpful video from Dave.
@TomWilson80037 ай бұрын
Another helpful video from Dave.
@kentbowen27317 ай бұрын
I have a designer home that is just like brand new for sale in Hammock at Fenney right now. 3621 Adamsville Ave. Feel free to send buyers my way! Great video as always.
@louispagac7 ай бұрын
👇 *promo sm*
@affordablemd7 ай бұрын
18:06 Good stuff Dave although a little dated. Can you send me your guide? I saw a stat that median prices are down 5.6% over last yeat is now a good time to buy a house there and would I still be able to rent it for the season this late in the game?
@DavidMonty7 ай бұрын
I just put out a brand new on the same subject. It may be hard to find a place during busy season. If you send me an email, I will send you a few links for sites that list rental properties in The Villages. If you keep an eye on it, homes will pop up that will be open, usually when someone new buys an investment property.
@DavidMonty7 ай бұрын
I just did an analysis on pricing in The Villages - we are down 2.3% over 18 months. So, not too far off the highs. The home prices have start ticking back up since August. Prices are back to the pre-covid trend line which has been going up over the last 10 years. With interest rates starting to trend down somewhat and busy season coming, I anticipate prices to continue to trend up. But, this is always speculation. There is a saying in real estate, when is the best time to buy - 2 years ago. Hope this helps. We can also set up a phone call if you would like to talk through any of this.
@fierceflyer57 ай бұрын
Don’t think everyone selling in the south is because they don’t like the location. I’d say their ROI is high at this point. I’ve seen homes double in price in 2-5 years in the south.
@DavidMonty7 ай бұрын
I didn't mean to suggest that everyone is selling because of location. But, prices doubled not just south of 44 but through the entire Villages. Most retirees are not worried about cashing out to take advantage of increased equity. Unless they have a second home, it does not make economic sense to sell because you have to buy something else at a much higher interest rate. Most people sell due to changes in circumstances, usually health realated, and you would think that would mean there would be more resale homes where the older homes/retirees live. With homes selling at 3 times the rate where new retirees are buying, who have less health issues, my opinion is that the DIFFERENCE in that rate would be due to location.
@user-td3bw9gb3g7 ай бұрын
Dave, Who do I contact to pay additional money on my bond to pay it off sooner?
@DavidMonty7 ай бұрын
I can give you the number to the tax collectors off if you let me know which county your home is in. Chances are its Sumter County, (352) 689-4540. Or you can go in person, 7375 Powell Road Wildwood , FL 34785
@thomashenkler49698 ай бұрын
I like the idea of selling in the Spring, probably would travel for the summer then get down to business in the fall. Also renting for a few months would let us get a better feel for the lay of the land. Fisrt life style visit set for the last week of March 2024.
@DavidMonty8 ай бұрын
I agree with your timing. Email me if you would to meet during your lifestyle visit in March. [email protected]
@ccgaskell8 ай бұрын
@thomashenkler4969 we will be there in March as well. 18th - 22nd.
@ccgaskell8 ай бұрын
if you choose to do the rent for 2-3 months option, does the Villages give you the ID cards you need to do all the activities ? or are you just an outsider living inside the villages and only have access to shows, restaurants, etc. Thanks
@DavidMonty8 ай бұрын
The owner of the home your rent can get you an ID card for your stay. They are $50, sometimes they pay, sometimes they pass the cost of the card on to their renters.
@stevenwilburn2358 ай бұрын
Thank you Dave.
@DavidMonty8 ай бұрын
You are welcome
@noreenn69768 ай бұрын
Renting for 2-3 months is a great idea!
@Remshot12348 ай бұрын
Good information! Thank you.
@DavidMonty8 ай бұрын
Hi Stan, hwne I openned my email I saw that you had emailed me. But, when I went back to reply the email is no where to be found. Please email me again and I will send you the guide or calculator (whichever you were asking for).
@noreenn69768 ай бұрын
Always enjoy your videos! Thanks Dave!
@DavidMonty8 ай бұрын
No, Thank you :)
@Robyncavallaro8 ай бұрын
Great video!
@DavidMonty8 ай бұрын
Thanks!
@user-ev6wj5nx8y8 ай бұрын
Typo on Videos of Interest...Should say "Buying Sight Unseen"
@DavidMonty8 ай бұрын
Thank you :)
@Taurusbabe99998 ай бұрын
Great analysis Dave! Question…in the example you gave about 1,000 people looking at resales in 2017 compared to 2023 1,280 people, and you used an assumption of 30% vs 20% previously…why the increase? I didn’t understand why that % went up.
@DavidMonty8 ай бұрын
I am saying that compared to 2017 when buying south of 44 Fenney, March Bend, Desoto, etc are not too bad of locations. in 2023, Newel, Lake Denham, near Eastport, etc the location is not as good. I am assuming that if there is just a 10% increase of people who are not interested in the newer areas due to not a great location it would raise form 20% in 2017 to 30% in 2023 who do not want the new area.
@Taurusbabe99998 ай бұрын
@@DavidMonty That makes sense…thanks for the explanation.
@markryan31248 ай бұрын
Excellent summary Mr. Monty! Always appreciate your videos.
Пікірлер
Price?
$379,000
Price 🤑 ?
$1,375,000
@@DavidMonty I think most retirees intentions is to not retire house poor 🙄
@@weareallamericans7358 I agree, that is not a wise idea. Fortunately, there are homes here that meet most people's budgets.
The villages is a cross between Pleasantville, the Stepford wives, Westworld and the invasion of the body snatchers.
Wow, beautiful home! Love the opening drone shots!
Thanks, I agree, the photographer did a great job, but he also had a great canvas to work with.
We just arrived at TV today. A realtor took us around . She really liked the East Village area. We didn't care for it at all. Just houses on land, close together, looked cheaply made from the outside. As we drove back we mentioned that we liked the areas that had more mature landscape. We are getting older and may not have enough time to see that area develope to a nice area. That was just our first impression
Thank you Dave, excellent info. My question is when you buy a home in the villages and the bond isn’t paid off when do the bond maintenance payments start ?
Hi there, the bond is a tax and the tax bills come out mid fall and due Jan 1st. You will only pay for bond and taxes for the days you own home. Taxes are prorated with the seller.
David, When do the CDD payments start, after you paid off the bond or as soon as you buy the property ? Thank you
@@gbw003 CDD is also on the tax bill which comes in the fall. It starts as soon as the home is built and does not go away. You can think of this like a road maintenance tax.
David, nice house but: 1. How much 2. Location,etc Please put more information Thank you
Hi David, Thank you for the questions. I added the description in the comments.
Dave if I ask a question you don't like will you delete it?
I am getting a few of these today. I only delete political comments. What is your quesiton?
Why have my posts been deleted???
I asked a question about the house and my post was deleted too. Dave is very sensitive.
I am not sure what is going on. The only comments I delete are political comments
Hi Karl, Waht is your question? I am not sure what is going on, but I only delete politcal comments
Beautiful home for the money!
Dave, please send me the calc. Thx
Hey Sam, Please email me at [email protected] as I dont have your email address to send it.
Thanks for a comprehensive video. After looking at these numbers, I’ll probably stay at my place in South Carolina which is much more reasonable even factoring in state income tax.
I really like SC. Probably cant go wrong there :)
Nice home and at a really nice value. As a suggestion, it would be nice to include a floor plan so we can see how it all ties together.
If you are interested, feel free to email me at [email protected] and I will send you the floor plan
Nice home!
Where is it and how much??
3270 Palatine Court is in The Village of Glenbrook in The Villages. A bit north of CR 466. Here is the link for google maps www.google.com/maps/place/3270+Palatine+Ct,+The+Villages,+FL+32162/@28.9479876,-82.011808,17z/data=!3m1!4b1!4m6!3m5!1s0x88e7c4e2a1a89683:0xbdff8fdb9f9f48d7!8m2!3d28.9479876!4d-82.0092277!16s%2Fg%2F11c5jnz38s?entry=ttu
Thanks for the video. I have a question. I've heard that if you buy through the villages that you are requited to close in 30 days. Does that apply if you are buying from an existing owner and not directly from the villages? Thanks again.
If you are buying a resale you do not have to close within 30 days. It would be up to the seller of the property and the buyer to negotiated a close date.
@@DavidMonty Thank you so much!
Good job!
I sure hate hearing that USAA prices are so high. I use to be able to guarentee they could beat any quote for military people. Guess i should stop now.
I learned along time ago they are not less expensive, but their service was good enough to stay with them with the minor price differences. But, this price diffference is too big to over come that.
I had family buy in The Villages in 2007 they saw their home value drop in half before it recovered years later, this time will be the same or worse as Boomers are aging out and they are the housing market we X'ers are a small group.
Great information Dave. With buyers do you sometimes have to give them a "wake-up call" and tell them when they are making a low ball offer that won't be accepted & may cause them to lose out on that home?
This is happening more frequently. The house is priced lower than market value creates a bidding more. For me personally, I just keep moving. I won’t even look at it because I’m not getting it any bidding war. Don’t want anything that bad.
Just so you know, if you ever find yourself in a multiple offer situation there is a way to take emotion out of the process and submit one offer using an escalating offer.
There are no bidding wars above 7% bro those days are yesterday. People are now selling for tens of thousands less than they paid in Peak Covid Hysteria.
Thank you great advice . So can you recommend how I can do a analysis myself before listening ? Thanks
If its local, i can do it for you. Just send me the address. If you are out of state, you can use realtor.com. Search homes near your home that are about the same size. Adjust the homes by price per square foot, then go through the pictures of the homes near you to compare their homes to yours. The problem is that you would need to know the market to know home much to adjust individual features.
Hi David, really informative video and I hope other agents do the market analysis you do. A couple of question for you. First, would you rate your market analysis comparable to that of the underwriters appraisers? Second, do buyers/sellers (including agents) have the ability to hire comparable appraisers?
I get called to do Broker Price Opinions by out of state banks. These are not full appraisals, banks will use these when there is a large down payment, so they dont have to be as precise. But, in my opinion what I do is as accurate. The appraisers are much more detailed but, but the results are very similar. Pricing is not an exact science, so no matter who is going them, there were will be variances. Playing golf you have a 150 yard shot, so I am going to high an 8 iron. The expert comes in and says, you have a slight breeze from the left into you, it is playing down hill, it is a cooler day so the ball wont travel as far - you should play your 8 iron. You can hire an appraiser. But, you would need to specify in the contract that the deal is contigent upon appraisal, and how close that appraisal needs to be to the contract price. In general, a market analysis before submitting an offer should suffice.
Dave great info, but current homes on the market should include VLS used homes as well. I believe if you do you will see quite a different picture of how much preowned inventory is actually out there. Also from what I’ve heard Dec, Jan & Feb are usually the most active for sales in TV because of all the snowbirds being there.
I dont have access to VLS numbers. But, I would image them to be similar in nature to the MLS. I have the ability to see what they have for sale, or what is pending, but I dont have the ability to see how fast they are selling. This is why I use months of inventory vs. the raw number of homes on the market. If I added in The VLS resale inventoy about 225 homes on the resale market to the 379 homes on the MLS the raw number goes up to 600 homes-ish. But we would also need to add the number of resale homes that are selling on the VLS (I dont have access to this number) to the number of homes per month on the MLS. If the MLS is selling 110 homes a month, I would estimate they are selling at the same pace or 65 homes per month. Then the months of inventory woue be about the same. December is by far the slowest home here. January-March/April is the busiest time. January has the least number of closings due to the fact the December has the fews homes going under contract. In general if you are looking to buy or sell - January - October is pretty solid. Hope this helps
Does your wife have a website or Instagram/Facebook?
It is Monty Creative Design on Facebook.
Great video, Ty. How much value, roughly does a golf cart garage add to a home?
That is the next video :) If the home is vinyl about $25k, if its stucco about $30k.
@@DavidMonty can’t wait for the next video! They are always informative, keep them coming.
Another great video. Location Location Location. It’s the one thing that stays constant in real estate demand over time. So I purchased new in Richmond, the price appreciation in resales is much higher than than I anticipated to see in such a short time. I remember watching a video where you said you were going after a home in Richmond for yourself and didn’t happen. I was wondering if you are going to try to grab one of the 75 or so homes/villas that are going to be coming to market shortly? And are you anticipating they are going to sell them at the lower prices the Richmond homes were went built new, or are they going to raise the prices 100k plus to be in line with Richmond resales?
If they do what they did in Richmond and not charge a premium for location, yes I will go after one. But, I dont have any idea on pricing until they release the homes. However, my gut tells me that they will not charge a premium, as they would be "admitting" that where they currently building in Lake Denham and place further south are not as desirable.
Not substantive, but IMHO your new graphic design for these shows is hugely better. As to north vs. south, it depends on how far south you are. I am in DeLuna south of the turnpike, but only about 3 miles from Brownwood.
Thanks. I am not a graphic designer but keep trying to make it look better.
Very informative. Thank you for your analysis. It is ashamed that some realtors will not do their jobs and let buyers buy a vastly overpriced home. No matter how big The Villages get, those realtors do not realize word of mouth will get around. Considering how tight the market is, they cannot afford to lose the business. There are only a handful of realtors that I will consider.
I never sell my Buyers. Meaning they either like the house or they don’t. I view my job as giving my buyers as much information as possible to make an informed decision. I’m not 100% sure if that other agent let their client know. In that example, my client was actually willing to pay almost $900,000 even after I told her the house was probably only worth 700,000 max. But you’re 100% right about word-of-mouth in the villages. A majority of my business came from KZread, but after four years a majority of my business is now coming from referrals.
And, hopefully I’m one of the ones that you would consider 😊
Thanks for the thorough analysis Dave. Hope to be a customer at some point.
You are welcome. I’m ready when you are!
Thanks - I enjoy watching your videos and glad to see you back! I'll be looking to buy there in a year or two. Do you still offer the service of having a designer who can help fix things up we I found a fixer-upper? I think you called it "The Full Monty" - great name!
I never went away, but it has been a while since I posted a video. They take quite a while to put together, I actually recorded one in November, one in December and one in January. But, never got a chance to edit them. To answer your question. Yes, we still help our clients update homes. My wife will help pick out flooring, light fixtures, tile, etc. We had to stop her providing full design services, mainly due to the fact that we are busy with the basic updating of homes. But, we can point you in the right direction with a good canvas of a house and points in the right direction as far as looking and feel.
Churches?
I just went to Google Maps and searched churches. I know that not all show up on the search because one down the street from where I live did not show up. But, 20 churches did show up, all north of 466A. So, from the newer areas about 30 minutes by car.
Great information. It does not include taxes in the income section. I just did a negative 20% in the other line. I’d love to see information on closing costs for new homes. Thank you
Doing taxes on this spreadsheet would be very complicated, since so many factors go into taxes. They are not flat rate. So, I suggest putting net income into the calculator. I will take your advice and put closing costs as an estimate or another tab on the spread sheet (good suggestion).
Another helpful video from Dave.
Another helpful video from Dave.
I have a designer home that is just like brand new for sale in Hammock at Fenney right now. 3621 Adamsville Ave. Feel free to send buyers my way! Great video as always.
👇 *promo sm*
18:06 Good stuff Dave although a little dated. Can you send me your guide? I saw a stat that median prices are down 5.6% over last yeat is now a good time to buy a house there and would I still be able to rent it for the season this late in the game?
I just put out a brand new on the same subject. It may be hard to find a place during busy season. If you send me an email, I will send you a few links for sites that list rental properties in The Villages. If you keep an eye on it, homes will pop up that will be open, usually when someone new buys an investment property.
I just did an analysis on pricing in The Villages - we are down 2.3% over 18 months. So, not too far off the highs. The home prices have start ticking back up since August. Prices are back to the pre-covid trend line which has been going up over the last 10 years. With interest rates starting to trend down somewhat and busy season coming, I anticipate prices to continue to trend up. But, this is always speculation. There is a saying in real estate, when is the best time to buy - 2 years ago. Hope this helps. We can also set up a phone call if you would like to talk through any of this.
Don’t think everyone selling in the south is because they don’t like the location. I’d say their ROI is high at this point. I’ve seen homes double in price in 2-5 years in the south.
I didn't mean to suggest that everyone is selling because of location. But, prices doubled not just south of 44 but through the entire Villages. Most retirees are not worried about cashing out to take advantage of increased equity. Unless they have a second home, it does not make economic sense to sell because you have to buy something else at a much higher interest rate. Most people sell due to changes in circumstances, usually health realated, and you would think that would mean there would be more resale homes where the older homes/retirees live. With homes selling at 3 times the rate where new retirees are buying, who have less health issues, my opinion is that the DIFFERENCE in that rate would be due to location.
Dave, Who do I contact to pay additional money on my bond to pay it off sooner?
I can give you the number to the tax collectors off if you let me know which county your home is in. Chances are its Sumter County, (352) 689-4540. Or you can go in person, 7375 Powell Road Wildwood , FL 34785
I like the idea of selling in the Spring, probably would travel for the summer then get down to business in the fall. Also renting for a few months would let us get a better feel for the lay of the land. Fisrt life style visit set for the last week of March 2024.
I agree with your timing. Email me if you would to meet during your lifestyle visit in March. [email protected]
@thomashenkler4969 we will be there in March as well. 18th - 22nd.
if you choose to do the rent for 2-3 months option, does the Villages give you the ID cards you need to do all the activities ? or are you just an outsider living inside the villages and only have access to shows, restaurants, etc. Thanks
The owner of the home your rent can get you an ID card for your stay. They are $50, sometimes they pay, sometimes they pass the cost of the card on to their renters.
Thank you Dave.
You are welcome
Renting for 2-3 months is a great idea!
Good information! Thank you.
Hi Stan, hwne I openned my email I saw that you had emailed me. But, when I went back to reply the email is no where to be found. Please email me again and I will send you the guide or calculator (whichever you were asking for).
Always enjoy your videos! Thanks Dave!
No, Thank you :)
Great video!
Thanks!
Typo on Videos of Interest...Should say "Buying Sight Unseen"
Thank you :)
Great analysis Dave! Question…in the example you gave about 1,000 people looking at resales in 2017 compared to 2023 1,280 people, and you used an assumption of 30% vs 20% previously…why the increase? I didn’t understand why that % went up.
I am saying that compared to 2017 when buying south of 44 Fenney, March Bend, Desoto, etc are not too bad of locations. in 2023, Newel, Lake Denham, near Eastport, etc the location is not as good. I am assuming that if there is just a 10% increase of people who are not interested in the newer areas due to not a great location it would raise form 20% in 2017 to 30% in 2023 who do not want the new area.
@@DavidMonty That makes sense…thanks for the explanation.
Excellent summary Mr. Monty! Always appreciate your videos.
Glad you like them!