In most states the cost of the infrastructure is included in the orginal cost of the house and not deferred as a "Bond". The bond is a lein against the property and thus should be considered in the "price" being paid for the house. The sweet music The Villages sales reps sing make it sound different. Remember, if it walks like a duck, quacks like a duck, smells like a duck and looks like a duck it IS a duck! Most independent sales reps admit what the "Bond" really is. If you are selling a reduced bond home you should be sure that your agent views it in this light and argues the "total price" concept to potential buyers.
You are not very savy if you do not consider the outstanding bond as part of the purchase price of the home. Even less savy if you want to pay 7% non- tax-deductible interest for umpteen years; especially if you have the cash to pay it off or finance it as part of a 5% mortgage!
As an aside, homeowners in non-bonded communities and those who purchased $0 bond homes are overpaying property taxes if the assessor does not add the bond balance to the appraised value cost of the home. Just think of the tax dollars Marion and Sumter counties are losing from The Villages areas because of under assessments!
