Quote:
Originally Posted by buggyone
You are buying your home in The Villages with the intent of selling it and moving in the next 5 - 7 years? I bought my home here in The Villages to stay in and not to move again. But, as you say, each to their own.
Also, when I bought my re-sale home 3 years ago, it had only a $1,500 bond on it. Friends bought their new homes at the same time and have a $20,000 bond. I understand now that bonds on new homes are higher than $20,000 and go up to $50,000. Just another reason to look at re-sales.
|
Buggy. You know I agree with you on almost everything but many resale homes have high bonds because they are newer.
Now this could be that people plan to sell their new home for a variety of reasons. They may be planning to change the size of their home when they go from being a snowbird to a frog, or they aren't sure about this place being too good to be true and know that adding the price of the paid off bond into the home's price when resold makes it appear to cost more to the unitiated.
My guess is that most do not pay off the bond at the beginning, even if they pay cash for their homes....but I could be wrong.