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Originally Posted by TOTV Newbie
Is the bond something that can be paid over time or is it up front? Also, is it the same price for all homes in my $300's range.
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It can be paid over time. It does have a high percentage rate. It is in the 25K range for all new homes that are Designers, which is what you mentioned, some are around 2000 sq. ft. Premiers which are larger have a bond of about 50K and cottages, and patio villa's are less. Courtyard Villa's may be the same as Designers...not sure.
Some people pay it off when they close and others like us who paid cash for the house didn't pay off the bond because we had already sold one new home and who knows, may decide we like one better than the one we have now. Moving furniture is far cheaper here than back home so many have three or more homes here before they settle down. Not paying the bond allows you to ask less for a home when you put it up for sale. Homes sell quickly here
IF they are clean, decorated nicely, and priced fairly.