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 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.
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You might want to research what CDDs are to better understand a bond requirement. When I first moved to Florida and bought a home (not in TV) my home had a bond and I was extremely confused. You also can pay off a bond in a lump sum payment. If you are buying a home with a $30k bond, you might want to pay that off in one payment by splitting your down payment. Bonds will significantly increase your property taxes, they will be under the non ad valorem category. I would look at some nearby properties with similar bonds and see what the taxes are so you have an idea.