Recoup the bond?

It's a debt on the property, not on the seller. Once sold, there's nothing to recoup...

Since you're searching for a home, you should be happy the "market is rough" and all of the "price reductions". Why all of the complaints?

And yes, things are different than during the Covid Boom of the past few years...

"The most sought after Village"? Do tell!

However many Villages there are, that is how many different answers you'll get...

True. We purchased a resale in February 2021. We're the 3rd owners. We paid about $30K more than the 2nd owners, who bought the house in 2018. Our bond was around $20K...

No, just a realist... I purchased my home at what I thought was an exceptional price, at an exceptionally low interest rate.

If I choose to move, I'll either pay the asking price, negotiate to a price I find acceptable, or pass on the house.

It's not rocket surgery...

Negative Nellie's

or

Sad life.

or

Troll's.

or

Bitter person.

or

Jealous non-resident.

Pick one, Pick two.....pick'm all.

:ho:

Yes
 

Precise and exact. Keep in mind though, the Developer wants to sell homes so that’s why the report is one sided. We all know the slump will end sooner or later, but right now we remain in a slump.

If the cost of the bond determines whether you buy the house or not, then look at different options in The Villages. New homes dictate higher bonds for longer period of time. A resale home has no bond or the time frame of the bond is lower; as well as the overall cost of the bond. If you plan on staying in the house, forever, pay off the bond. If there is a chance you could move, don’t.
Buying a home or a lifestyle here is like no other place. I didn’t come here for a monetary investment. Been there. Done that. I’m here for the lifestyle. And everything The Villages has to offer. And in all the years I’ve lived here, I don’t know ANYONE that has lost money here.

That’s a loaded question. Villagers will tell you they live in the BEST Village. And everyone does!!! Really depends on what you want. Does the house dictate where you will live? Or the lifestyle? South of 44 is new and shiny. Has an over abundance of homes, with less amenities for now. If you are young and have time to wait, that could be where you want to go. Having 6 pools close to your home is good for you with 5 championship golf courses available 5 minutes away from you is another factor. Being a golf cart away from the 3 squares with shops and restaurants another factor. The reason you choose a lifestyle visit is so you can experience what the Villages has to offer. Your home should be secondary.

Amen to that. In my mind our bond is simply an annual expense that will never go up or down other than the balance dropping annually, I don't see a slump in re-sales, at least not in our village the new listings seem to be sold overnight, I also don't see any major problems within TV, there is more to do here, more food and retail establishments, and a lot more amenities than there were 7 years ago when we purchased our home. You buy what you like, you enjoy your time here and you sell at a profit what more can you ask for.

I guarantee you there are people who sold houses within the last few months that they bought in 2022 who lost money.

I doubt that to be true.

You Shouldn’t
 

Respectfully, it’s quite true with numerous sales.

1055 Winsboro purchased November 22 for 423,000 sold last month for 379,000 that’s a 44 k loss without paying realtor fees.

661 Sherwood purchased in May of 2022 345,000 sold for 340,000 in Feb of 2024

There are several that have lost money. Just look on the Zillow realtor website. Click on the Facts Features tab to get all the info.

Don't confuse a mortgage with a bond. The payments on a mortgage do not add to the basis.
A bond is different.