Quote:
Originally Posted by Emkay56
I can't believe how many people are purchasing down south when the bonds are so much higher than buying an existing home north of Hwy 44. No wonder Villages sales agents tend to push people down there first before showing them existing homes.... there are so many existing homes for sale in the developed areas as well as more shopping, restaurants, activities, entertainment, better landscaping, etc. It's a no brainer in my opinion to buy north of 44
QUOTE=retiredguy123;2399257]OP, it looks like your figure is correct. The bond amount for a typical single family house in Cypress Reserve is estimated to be $87,408.62, and the annual bond payment to be $8,348.69, to include principal, interest, and the admin fee. As to how many people can afford it, I assume that a lot of people will be able to afford it.
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First and needs to be corrected the OP stated new home development, with 87k bond is in the Villages..
IT is Not Village Property.
Second VLS guys don’t receive commission on Bond, because it’s Not part of the home price, also build property the addition of a pool, there isn’t a VLS commission either.
So VLS could actually make more money on a preowned home. Usually the price tag is higher than new. So in our experience, since 2007, we requested preowned in certain villages and that’s the 100 plus homes we looked at, over the years. Not anytime were we pressed to look at new. It was our decision to buy 3 new because of future repairs and dated interior. Plus we really wanted to be with younger residents, hence the continued migration to the south