Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
Thread: "No Bond" is promoted in home sales. But what's the real savings?
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Old 11-27-2023, 11:25 AM
Pat2015 Pat2015 is offline
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Originally Posted by EddieUA View Post
A bond is a lien against the house imposed by land improvements. In the Enclave the bonds are $72,000 @ 5.47% with principle and interest payments between $5,000 and $6000. With Lake county taxes you would be looking at $15,000 taxes verses $6,000 in taxes for a similar house north of 466 for a premier home. Location location location....
That’s a lot for sure, but it’s a new house in a supposed premier area. Also, a lot of new and younger people moving to TV don’t want to live in an older house north of 466 which is why new homes sell faster than preowned, and more new homes than preowned homes were sold in TV in the past 2 quarters.