View Single Post
 
Old 06-08-2012, 11:06 AM
buggyone's Avatar
buggyone buggyone is offline
Sage
Join Date: Aug 2011
Posts: 5,358
Thanks: 0
Thanked 3 Times in 3 Posts
Default

Quote:
Originally Posted by aljetmet View Post
Thanks for divulging your info. We purchased a lot in Fernandina in April and I recall our agent advising expect to pay about $6000.

What's interesting is the non tax deductible interest on the bond plus the $100/year charge. I've been an advocate of paying off the bond and with mortgage rates sub 4% it seems to me that it makes very good sense, IMHO
I would say that might be a good idea but check with a financial advisor.

I bought a re-sale home 3 years ago and it had every extra in it that I could imagine plus a golf course view. The price was negotiable with the owner since he needed money to buy his new place. No construction going on around me. Mature landscaping. Instead of $20,000 bond, it had $1500 left on the bond. Re-sales are always worth checking out before buying a lot in a new section.