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
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.
|
A house without a bond is much cheaper. Say a $400,000 home without a bond is $400,000 a house with a say $40,000 bond is $440,000. Even though you don’t have to pay it off and if you sell your house it goes with the house. However there is interest you are paying on the bond. Two exact houses to buy. One has a $40,000 bond one doesn’t. Which would you buy?