Truly you should think of the price of the home is the selling price plus the bond balance.
I bought a resale home in October of 2009. The bond balance was about $2,000. Big difference than the $20,000 bond that lots of my friends got at the same time on a new home. It makes about $1,000 difference on the property tax bill every year. I would rather have that $1,000 for dinners out or other entertainment than pay it on the tax bill - but that is just me.
The bonds on new homes are now $23,000 to over $50,000. Folks, consider a resale!
|