Talk of The Villages Florida - View Single Post - Would the 38K bond on new homes be a deal breaker?
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Old 05-03-2020, 10:54 AM
Duane McCartney Duane McCartney is offline
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Default A Real Estate Agent's Responsibilies

Quote:
Originally Posted by Challenger View Post
No one buying or selling a house - using a competent real estate sales person, would ever assume a bond. If they do, the sales person is guilty of malfeasance.
A competent real estate agent's job is to advise the client (buyer or seller) about the issues buying within a CDD community. As the seller's agent they should make sure they advertise a property with the bond being paid and price the property appropriately to get the seller their bond payment back. As a buyer's agent they can suggest that the seller pay the bond off as part of the sale contract, but that is highly unlikely if the property still has a high bond amount due. They should point out to the buyer the advantages of buying a property with the bond being paid and how that reflects on the asking price. A real estate agent that goes beyond advising and educating their clients are the ones guilty of malfeasance.