Quote:
Originally Posted by Jim 9922
Bond Paid should not be the key enticement to buy, but the amount of unpaid bond should be considered part of the purchase price. You owe it just like any other unpaid portion of a mortgage. In most other states infrastructure costs must be "up front" paid by the developer and are subsequently included in the "purchase price" of the home when sold to the customer.
As for rehab-flippers, I believe the good honest ones are performong a service for our community. Over the past year I noticed a few "estate" and "repo" properties which were blights to their neighborhoods being cleaned out and fixed up and quickly resold to the benefit of everyone around.
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I agree with your every word.
When you look for a resale, look at what has been done to a home or not done to a home that you must change. I found a lot of older homes looked a little behind the times in terms of light fixtures, and dated tile styles. I AM a person who notices stuff like that and it is NOT important to a lot of people. Some focus on the fact that garage steps had been installed and the downspouts in the back and the garage floor was painted and the landscaping had palms added, things generally done by all homeowners. I focused on wallpaper to be removed, smoky smells, out of date cabinet styles, overgrown landscaping, bright colors on walls that didn't go with our stuff.
Generally speaking and with a lot of leeway a bond on a home five years or younger is...
About 10K for a patio villa.
About 15K for a cottage.(???) Not sure.
About 22K for a designer.
About 50K for a premier.
I haven't heard how much on court yard villa's.
Hope this helps. If we all liked the same stuff they would only sell vanilla ice cream.