With all due respect to Mr. Gipson, I think he has presented a very unfair perspective on the Villages. I'm sorry for your negative experience, but there is always risk involved in any investment. Many people bought lots at the Villages that they perhaps could not really afford and hoped to flip them quickly for a prophet. When this was not possible due to the stagnent market, some would-be profiteers found themselves in the unhappy position of having to pay for an investment that they didn't plan to hold for more than a few weeks. This is not the fault of the Villages, but rather a symptom of the larger economic crisis that the country is facing collectively.
I should say here, that I am not employed by the villages, I am not a real estate agent, and I do not own lots there, but I am familiar with the development and what is happening there. I don't like the methods the Villages employ to sell lots, but it is a beautiful development, the golf course was designed by Jeffrey Brauer, the development is right on Lake Tawakoni, one of Texas' top fishing lakes. The main thing slowing development there is squabbles between the Villages' developer and the local government. These negotiations happen with every new development and they will run their course in due time. In the meantime there is no reason not to invest in this development. It will become a wonderful place and investors who stick with it will be very pleased I think.
There are many lots at the Villages for sale by individual owners. You don't know about them because they cannot put up signs. The top listing agent for lots at the Villages is far and away, Louise Thomas at Exit Realty - Pinnacle Group in Quinlan, Tx. If you want the true picture on what is happening at the Villages now and what things are in the works for the future, talk to Louise. She can help you list your property, buy property, or just give you guidance on your options with regard to the Villages.
There is no need to panic, and any sort of litigation would most certainly be a waste of time and money because there is nothing going on at the Villages that is unusual or criminal.
Mr. Gipson, I hope you can work things out for yourself and find a great solution to your issues. You sound frustrated and your situation is regretable, but know that you are just playing Monopoly and you're loosing right now. Get rid of some hotels and sell Park Place and you'll be fine. I hope you find a nice "Get out of Jail Free" card real soon. - Sat Sep 27 2008, 22:49
Joel,
For top shelf REALTOR services in the area east of Rockwall out to Lake Fork, you need to contact Louise Thomas at Exit Realty - Pinnacle Group in Quinlan, Texas. Her number is 903-356-4700. Louise has 30 listings at the Villages! She knows what's happening out there and what the future plans are. When it comes to Hunt County real estate, Louise is the top subject matter expert. She has a whole page on her website just for the Villages. Don't waste your time with anyone else. To see her website go to: - Fri Jul 11 2008, 11:50