[Goldwingnut]

Originally Posted by VApeople

We paid off our bond last year and we did not see any bond 'maintenance fee' on our new tax bill.

Look at the bottom of the tax bill, you will see your annual maintenance assessment listed. Most are between $300 and $600 annually depending on your unit and CDD.

[VApeople]

Originally Posted by Goldwingnut

Look at the bottom of the tax bill, you will see your annual maintenance assessment listed. Most are between $300 and $600 annually depending on your unit and CDD.

Yeah, I see we have a 'maintenance fee' of $526, but I don't think that has anything to do with the bond.

[spatz111048]

Barefoot, you make a great point. That is why I decided not to pay off my bond.

[OhioBuckeye]

Originally Posted by Barefoot

Yikes, I'm glad we paid off our bond.
It was not a large amount because we bought a preowned home.

There's another comment here that says you're not paying interest & they're laid out the payments. I don't know what's going on because we don't live in TV anymore. I made yearly payments because I looked at it this way. You pay Bonds fees yearly & if you pay it off right away it's like paying $20,000 more for your house, but in may case we only live there 7 yrs. & save about $13,000. I guess it's only how you think about it!

[dewilson58]

Originally Posted by Goldwingnut

Look at the bottom of the tax bill, you will see your annual maintenance assessment listed. Most are between $300 and $600 annually depending on your unit and CDD.

It's the top of the range significantly higher than $600 ???


Thanks.

[Goldwingnut]

Originally Posted by dewilson58

It's the top of the range significantly higher than $600 ???


Thanks.

I just looked at CDD-10 and only 3 or 4 communities were above $600 and these were premier communities, as expected based on how it is determined.

Looking at CDD12 the rates are higher with many in the $600 range and few in the $700. This is to be expected in the new areas as there is a higher ratio of open/green spaces and ponds to be maintained than in areas north of SR44, so higher costs and higher assessments.

In both cases the value for what is paid is pretty good. The pill that's hard to swallow is the Willdwood property taxes that the area south of SR44 is paying, about double their maintenance assessments and they get very little for their money. But this is a topic for a different thread.

[dewilson58]

Originally Posted by Goldwingnut

I just looked at CDD-10 and only 3 or 4 communities were above $600 and these were premier communities, as expected based on how it is determined.

Looking at CDD12 the rates are higher with many in the $600 range and few in the $700. This is to be expected in the new areas as there is a higher ratio of open/green spaces and ponds to be maintained than in areas north of SR44, so higher costs and higher assessments.

In both cases the value for what is paid is pretty good. The pill that's hard to swallow is the Willdwood property taxes that the area south of SR44 is paying, about double their maintenance assessments and they get very little for their money. But this is a topic for a different thread.

I heard ~$1600 on premiers.

[Bogie Shooter]

Originally Posted by VApeople

Yeah, I see we have a 'maintenance fee' of $526, but I don't think that has anything to do with the bond.

You are right in your thinking.....it’s a maintenance fee on the infrastructure.

[Judy n Ron]

We almost didn't buy the day we did, not because of the bond but because they couldn't (or wouldn't) confirm the interest rate. When I got up to walk out, they suddenly made a few calls and came up with 6 point something %. (2011). We decided to pay it off ASAP as we have no mortgage or any other debt we carry. My only complaint was having to wait 7 months before we were "allowed" to pay it off.

[perrjojo]

Let’s assume I pay off my bond...sell my home for 315,000 because my bond was 15,000. You do not pay your bond and live in your home for 3 years. You ask 300,000 for an equivalent home. I still pay approximately the same 315,000 for both homes because I am assuming your bond loan and the principal on the bond is not much in the first years. It’s really pay me now or pay me latter. Basically I am paying the same price for the home minus a small principal reduction on the bond.

[Aces4]

Originally Posted by perrjojo

Let’s assume I pay off my bond...sell my home for 315,000 because my bond was 15,000. You do not pay your bond and live in your home for 3 years. You ask 300,000 for an equivalent home. I still pay approximately the same 315,000 for both homes because I am assuming your bond loan and the principal on the bond is not much in the first years. It’s really pay me now or pay me latter. Basically I am paying the same price for the home minus a small principal reduction on the bond.

Pay me later with a large interest payout in between.

Living debt free is a real plus, stock market bombing downward does not affect your investment in your home. Most people here are getting a little long in the tooth to wait for a recovery which indicaters say may be nasty this next recession. All depends on your bankroll and tolerance for financial loss.

[Altavia]

Originally Posted by perrjojo

Let’s assume I pay off my bond...sell my home for 315,000 because my bond was 15,000. You do not pay your bond and live in your home for 3 years. You ask 300,000 for an equivalent home. I still pay approximately the same 315,000 for both homes because I am assuming your bond loan and the principal on the bond is not much in the first years. It’s really pay me now or pay me latter. Basically I am paying the same price for the home minus a small principal reduction on the bond.

Is there any evidence having a bond affects sell price in today's market?

[perrjojo]

Originally Posted by Aces4

Pay me later with a large interest payout in between.

Living debt free is a real plus, stock market bombing downward does not affect your investment in your home. Most people here are getting a little long in the tooth to wait for a recovery which indicaters say may be nasty this next recession. All depends on your bankroll and tolerance for financial loss.

Perhaps I should have stated pay me more later. . To me it really depends on whether you have the available funds to pay it off. That was our choice but it’s not always possible for everyone.

[perrjojo]

Originally Posted by Robbie0723

Is there any evidence having a bond affects sell price in today's market?

I really don’t know but I would consider the paid bond a plus.

[Barefoot]

Originally Posted by perrjojo

I really don’t know but I would consider the paid bond a plus.

I would consider a paid bond a plus also!
If it came down to two houses, I'd pick the one with the bond paid.

It's important to me to live debt free, but it may not be important to most people.
Because we bought a resale on a golf course, our bond was relatively small.