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, 08:15 AM
Desiderata Desiderata is offline
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Quote:
Originally Posted by CoupleNCA View Post
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.
As you can see by all of the replies, there is no simple answer to your question. I suspect that your agent is trying to explain this to you.
I suggest looking at all home that meet your criteria, regardless if there is a bond, then base your offer on what you are comfortable paying for it. Tax records will show the bond balance and how much it costs each year.