Quote:
Originally Posted by Challenger
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.
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This is valuable knowledge as bonds were not mentioned to us at the Villages Lifestyle Preview. I assume that the bond would have been mentioned to us during the buying process and not at closing.
Now we know, we will ask before we sign on the dotted line what the bond will be.