Talk of The Villages Florida - View Single Post - Bond Issue
Thread: Bond Issue
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Old 10-29-2019, 04:11 PM
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Quote:
Originally Posted by New Englander View Post
My first home purchase in TV was a pre-owned Patio Villa. I was going to pay off the bond but my villages sales agent advised me not to pay it off because of the very same reason you stated. Sure enough, two years later I bought a courtyard villa and sold the patio villa. If I had paid off the bond I would have to add that to the sale price of the home. It would have made it a very expensive Patio Villa.
An existing bond is considered part of the total consideration for the property. Any appraisal indicating otherwise is erroneous.
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