Quote:
Originally Posted by CoupleNCA
We visited the Brownwood TS to introduce ourselves and interest. But the realtor we were assigned on our first in-person visit has refused to answer one of our most basic of questions multiple times (she seems to keep copy/pasting the same answer to my very direct question).
My simple question is this: We've seen several really nice properties that promote the fact that they're "NO BOND". As if it was some huge savings or advantage. I just want to know: "What is the average real-world saving on a property with a bond vs. no-bond?"
The sales brochures shows the monthly fees as "bond+maintenance+fire" so you can't gauge what percentage each makes up.
I totally understand the concept of the bond and I totally understand why each "Villages" bond may differ in terms of price. But we're merely trying to ascertain if a property being highly-promoted as "NO BOND" is really that significant and should be given priority in our choices.
Can anybody please answer this question honestly? My assigned realtor can't or won't.
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Bonds are meant to hide the true cost of a house from appraisers. Most likely, if the cost of infrastructure was rolled into the price for a home, no bank would be able to justify giving you a mortgage. But, when you go for a loan and 40 or 50K is in another bill, your house will appraise correctly for a mortgage