Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 11-27-2023, 08:25 AM
Larchap49 Larchap49 is offline
Veteran member
Join Date: May 2020
Posts: 543
Thanks: 13
Thanked 526 Times in 247 Posts
Default Bond

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.
If it's new construction the only way it is no bond is if it's in the section where Village employees buy. The disadvantage to that is you do not have use of the amenities. From what I hear the bonds on pre construction lots now run from 40,000 to over 100,000 and are paid over a 30 year period with interest.
__________________
Larchap49