Quote:
Originally Posted by diva1
Just something to consider...if you buy a resale home with no bond, you can fix anything you think needs updating for the price of the big bond you will be paying on the new construction homes.
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But.......was the cost of that bond built into the price of the resale????? Communities with CDDs are somewhat unique in that the developer does not include the cost of the infrastructure that he is responsible for into the home price, but rather has an administrative entity float a bond issue to cover the cost, which is passed on to the new buyer separately. Having paid off the bond, most sellers believe they should also recoup that cost in the selling price. Whether or not they can is a matter of negotiation, but for the moment, it is a seller's market