Quote:
Originally Posted by VillagerNut
Please feel free to contact any appraiser that you would like to contact here in the area. You will find that no appraiser will take into account that a bond is paid off or has a $50,000 bond. It is part of the tax bill so it has no part in an appraisal. Do buyers look at the fact that a bond is paid off versus a higher bond? Absolutely! But location, what is behind the house like another house or privacy, where the interior walls are at & the list price should normally be the biggest factors when purchasing a home here. When it should come in the play is if you are down to three homes and you cannot decide which one to purchase then you may look at the remaining Bond balance to decide. But overall the person that asked about a $300,000 home, the easiest way to think about it is the newer the House, the higher the CDD bond and the CDD maintenance amounts on your tax bill. Plus sometimes you will find homes where the folks have paid the bond off. Yes our real estate market is extremely different than any other market in the United States. It is up to the owner of the house to decide when or if to pay off the bond!
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The fact is that the remaining Bond is , if fact, a part of the total consideration paid for the house. It is not a tax. It is a lien on the home. If you have a choice between two identical units each priced at $200,000, and one with a remaining bond of $10,000, the total purchase price of the unit with the bond is, in fact $10,000 more. The decision to or not to pay off the Bond is a separate and unrelated consideration. Too many buyers in TV are confused or misled on this issue (IMHO)