Bond

[elevatorman]

I am a bit confused, up north if you buy a house the infrastructure is included in the selling price. The bond seems to be a way to make the price of the home appear to be less then the actual price. Question: If one purchases a house listed for $225,000 with a $25,000 bond, shouldn't it have been listed for $250,000 from the start?

[graciegirl]

I am a bit confused, up north if you buy a house the infrastructure is included in the selling price. The bond seems to be a way to make the price of the home appear to be less then the actual price. Question: If one purchases a house listed for $225,000 with a $25,000 bond, shouldn't it have been listed for $250,000 from the start?

Shoulda, Coulda,Woulda. It is the way it is here. If you don't want a bond, you can find a lot of resale homes with it paid, most of them north of 466.

[Renee]

That�s just the way it is in The Villages and a few other communities in Florida. Most communities don�t have bonds. You will get more house for your money and the homeowners will end up owning all the amenities except maybe the golf course when the community is built out. But don�t expect that in The Villages, you will own nothing but the bond and your monthly fee will eventually sky rocket once the development is built out. I believe it�s being keep low now so sales will continue. Just look at the size of the development and the future costs to maintain it along with the fact that all the amenities are sold to private investors.

[graciegirl]

Do you live in TV Renee?

[BAILYBOOHOO]

Our you saying that the home owners will not own the amenities our you sure of this.?

[BAILYBOOHOO]

.I think you pay a fee on the bond after it's paid something like 3 or 4 hundred a year is this right I don't know I still trying to get things right before I buy anything .

[zcaveman]

.I think you pay a fee on the bond after it's paid something like 3 or 4 hundred a year is this right I don't know I still trying to get things right before I buy anything .

You do not pay a fee on the bond. You pay a maintenance fee for your CDD district. This fee is an annual fee to help pay for the maintenance costs in your district. Moving, flowers, roads, etc. It is part o your annual non-valorum taxes.

If you pay your bond off you are done with the bond forever!!

[zcaveman]

That�s just the way it is in The Villages and a few other communities in Florida. Most communities don�t have bonds. You will get more house for your money and the homeowners will end up owning all the amenities except maybe the golf course when the community is built out. But don�t expect that in The Villages, you will own nothing but the bond and your monthly fee will eventually sky rocket once the development is built out. I believe it�s being keep low now so sales will continue. Just look at the size of the development and the future costs to maintain it along with the fact that all the amenities are sold to private investors.

Your amenity fees go up annually by the CPI. Unless the CPI "'sky rockets" your fees will only go up by the CPI. Last year my amenity fee went down because the CPI went down.

Please read and understand the facts before you make unqualified statements.

[golfnut]

if you are concerned about the bond or amenities, you should probably check out spruce creek, stone crest or del webb, i hear they are a real bargain, you pay your money and take your choice, it's the american way.....gn

[Bryan]

...and some states have no state income tax, and the sales tax varies by state, and in some states groceries are not subject to a sales tax, and so on. You are probably correct, in lots of places the bond would be part of the sales price, and in some places (like TV) it is a separate item. Such is life in a free country. If you are uncomfortable because you can't make an "apples to apples" comparison, then you'll have to do your own adjusting to get it to "apples to apples" or look somewhere else where it is already "apples to apples".

[Russ_Boston]

along with the fact that all the amenities are sold to private investors.

Also I think this 'fact' is incorrect as well. The amenities are sold by the developer to recreational district committees who then use the amenity fee to run all aspects. This would include executive courses, neighborhood centers etc. Everything except the two squares and the Championship courses.

I'm I correct on this?

[RIpswich]

Keep in mind that there is interest being charged on the bond for the privilege of paying it off over 30 years. The current rate is 7.25% (at least on our home which we purchased last month). You might want to consider increasing the amount of your mortgage, which could be under 5% and using the money to pay off the entire bond.

[BAILYBOOHOO]

As to your smart remark As to my paying for a bond. I sure can afford it . It's do I want to.


ONLY FOOLS RUSH IN.!!!!!!!

[BAILYBOOHOO]

Thank you to all the rest .:) For your speedy replys.