Quote:
Originally Posted by graciegirl
A home purchased at 228k plus 21k would be listed at 249k or more.. if you pay off the bond but it can be listed at....a lower price if you do not.
There is NO difference but people may look at it sooner as it does not require the initial amount of cash or money loaned. A marketing situation but unfortunately not all people who are new to the Villages can see the difference and may be drawn to a seemingly lower priced home.
PLUS, I am guessing that many people were like we were when we first bought here... Are we gonna like it? What if we don't and want to sell it? We can sell it quicker at a lower price if we don't pay off the bond.
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The price of the house is the cash consideration plus the assumed liabilities no matter what they are called. If a realtor does not clearly point this out to a buyer , it is at least unethical(IMO). I find it hard to believe that many buyers do not consider the total purchase consideration when comparing prices unless they are misled by the sales person.
In our case(new home) we questioned the bond issue at the outset and our sales rep was unclear herself about the implications and options open to the purchaser.
We are cheerleaders for TV and have great respect for the "Developers " and what they have done . The confusion on the Bond issue needs to be dealt with since it is not the common method of financing in most other areas of the country.