[Posh 08]

Originally Posted by memason

Let me see if I can explain the bond....

When a neighborhood is built, the developer passes on the cost of the infrastructure (streets, electric, etc.) to the home owners. It's a function of infrastructure cost .vs. home density. So, if you purchase a home in a Designer neighborhood, everyone in that neighborhood pays the same bond amount. Therefore, if you purchase a Courtyard Villa, they are more densely packed, so the bonds are less. If you go into a Premier home, they are not nearly as densely packed (larger lots), so the bond is more. Home owners only pay this once. Therefore, if you purchase a pre-owned home, a portion of the bond will have already been paid by the previous owner. In some cases, home owners payoff the bond early.

Important thing to keep in mind, is when looking at a home, treat the bond as an addition to the asking price. ie $100,000 + $5,000

Hope this helps... Someone else might have a better answer.

Thanks, that clears it up for me. That is one of the important ??s I'll have when buying. How much bond.