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Originally Posted by gjbl8114
Wondering what are your thoughts about purchasing a pre-owned with the enticement of Bond Paid being the key selling point? I'm finding these homes have few or minimal enhancements and are generally out of sync with true market value with very little rationale for their pricing? Is "BOND PAID" really that important an enticement to buyers causing them to ignore or lose sight of true market value? I've also discovered that quite a few of these properties are owned by "Flippers." I would have thought that "house flipping" would be very risky these days, even in The Villages. But, then again, it's really just an investment that pays a hell of lot more dividends than banks and investment shares these days huh???
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The advertised price of any house carrying an unpaid bond understates the true price of the house- in the new areas, by a considerable amount. (This gives the developer a leg up in trying to sell a new house to a buyer who is comparing its price to that of a previously owned one.) To get the true price, you need to find out the amount of the bond and add the bond amount to the advertised price. When a seller advertises the price "bond paid", he is just telling you that his advertised price is the true price. I don't think that "bond paid" is really being used as an "enticement".
Most Villagers understand this, but a lot of first-time buyers probably do not. The surprising thing about all this is that the FTC or some other consumer-protection agency hasn't required the developer and brokers to list the amount of the bond in all their house ads. I can't think of any other situation in which this kind of deceptive advertising would go unchallenged by regulators.