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Originally Posted by Charlton Dude
Thank you.
So let me see if I understand this properly.
It sounds like it could make better economic sense to buy a resale, as opposed to new to reduce the amount owed on a bond. Correct?
I need to be very careful which house I put an offer on, as the true amount owed on a bond or CDD can vary greatly, depending on if the owner owes the amount or decided to pay it off. Correct? I wonder how can I discover those numbers prior to actually making an offer.
We will not have a mortgage. We will be paying cah. How does this affect any payments due?
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Charlton Dude, I am just a TV wannabee, but I have been to several TV open houses on my 2 previous visits to TV. I always ask the TV sales rep or the MLS real estate agent what the bond balance is, and how much the bond payment is each year. On some resales you will see advertised -- "low bond balance" or "bond paid off." I believe the TV homes located in Lake County did not have a bond, only the TV homes in Marion County and Sumter County had/or have bonds -- but someone correct me if I am wrong on this. Last time I was in TV in July I looked at a new patio villa in Buttonwood -- I believe the bond on that was about $12K. Definitely something to think about...resale with bond paid off/lower bond balance or new construction with a larger bond balance. Good luck in your home search.