Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
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Old 11-27-2023, 06:33 AM
Altavia Altavia is offline
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Quote:
Originally Posted by villageuser View Post
Regarding your last statement, as a REALTOR®, most of my customers looking at resale in the Villages request houses that do not have bonds, or very little bond attached (less than $10,000 is usually the number). Homes without bonds are usually a little older, but for those that are looking for little or no bond, that is a trade-off that they’re comfortable with.
Needing a roof replaced to get insurance and higher insurance costs due to a an older home not meeting wind current mitigation standards can more than eat up bond cost. And this will not get better over time.