[Russ_Boston]

Originally Posted by JohnN

My opinion,
I do think they push new construction, I believe that.
Our first sales rep (we changed cuz we didn't like him) actually did NOT show us a couple resales we'd asked about, showing us only the new homes and then saying he had some other appointments (when he saw we weren't buying on the spot, and thus we changed reps).

I think more of a case of getting a bad agent than a particular TV policy. When we bought a few months ago, our agent first showed us a used home and didn't make one bad remark. In fact she pointed out some of the positives: lower bond, established neighborhood, more central location than the new homes etc. We were the ones that said "We like this one but let's look at some of the new areas". So she did and we bought a lot in Buttonwood that we will build on later this year.

[Jhooman]

Your comment about drinking the Kool-aide is very shocking and sad. 913 people lost their lives in Guyana and 300 of them were small children. Many of the people were
rounded up by guards, shot and injected. They did not drink the Kool-aid.

To compare the Village experience to Jonestown is intellectually dishonest and ignorant.

My Mother and Sister perished in Guyana. My sister was brutally shot.

Jeanette

[mermaid72]

What on earth is a "Bond"?
An extra fee on top of the home price?
If so, why?
Who collects it, and for what purpose?
Thanks

[getdul981]

Originally Posted by mermaid72

What on earth is a "Bond"?
An extra fee on top of the home price?
If so, why?
Who collects it, and for what purpose?
Thanks

Oh, are you in for an education. I don't know enough about it, but there are plenty of people that do.

[rjm1cc]

When a developer builds a housing sub division he puts in roads, sidewalks, maybe utility lines etc. All of these costs are included in the price of the house you buy. At TV these costs, plus the costs of the pools, golf course etc are added together and divided among the homes in the Village. You then pay these costs over the years as you pay the bond down. Just add the bond to the cost of the home to see what you are paying and to compare to other homes. You can also pay the bond off if you want too.

[BobKat1]

Originally Posted by mermaid72

What on earth is a "Bond"?
An extra fee on top of the home price?
If so, why?
Who collects it, and for what purpose?
Thanks

mermaid72, do a "Search" for Bond(s) and you will have hours of reading and information.

[graciegirl]

Originally Posted by mermaid72

What on earth is a "Bond"?
An extra fee on top of the home price?
If so, why?
Who collects it, and for what purpose?
Thanks

This is over simplification about THE BOND.

Here in Ohio when a developer puts a price on the home he/she figures in the cost of the infrastructure, the roads, the laying of pipes and electic lines, the street signs, the flower beds at the entrance, the club house etc.

In The Villages the price for the infrastructure (IN PLACE and FINISHED when you buy the house) is called the bond and it is separate. It is easier to understand if you figure that a typical Camellia on an interior lot is selling for around 220K and the Bond is around 20K so the house is really selling for 240K and than it is easier to make comparisons.

When you buy this home, new or used, you have a choice to pay the bond off in one lump sum or continue payments, much like taxes over the years. Although about half of home buyers pay for the home, many do not pay off the bond.

Hope this helps. BK is better at explaining this and she will get my back.

Welcome Mermaid.

[graciegirl]

[q

[mermaid72]

That helps.
We, if we do decide to move, would want a used, not a new home.
Do you still have a bond to pay if it already been paid by the previous owner(s)? Or does it ever get paid off? Or does it continue ad infinium? (If not, the developers have quite a deal going on!)
This is getting sort of complex!

[philnpat]

Mermaid...once the bond is paid, it's history!

[coach]

If the bond was paid off by the previous owner you do not have a bond obligation.

[Kelsie52]

Once the Bond is paid --it is finished --but there is always a yearly maintance assessment that is required ....

[jmitchell]

Originally Posted by salpal

Laura,

You are about to be chastised for using the phrase "drank the kool aid" sorry, I made that mistake a few weeks ago. I meant that I fell in love with TV after one visit as you did. But I found out very quickly on this forum that some do not consider it politically correct to use that phrase due to it's association with Jonestown, which neither you nor I were thinking about when we used that phrase....


Just moved here full time 3 weeks ago, so will let a more experienced Villager answer your quewtions. But will tell you anybody can get in a Village by pushing the red button at the gate.

Hubby and I only here 3 weeks, but are already extremely happy with our decision to move here. You will be too...welcome!

We were told by our Sales Rep that before they let you in without a pass card, you and your licence plate if driving a car are photographed. I am not sure how they keep track of all these photos, but I guess if something happens, they can check as database of non-residents entering.

[dwbevan]

Originally Posted by graciegirl

This is over simplification about THE BOND.

Here in Ohio when a developer puts a price on the home he/she figures in the cost of the infrastructure, the roads, the laying of pipes and electic lines, the street signs, the flower beds at the entrance, the club house etc.

In The Villages the price for the infrastructure (IN PLACE and FINISHED when you buy the house) is called the bond and it is separate. It is easier to understand if you figure that a typical Camellia on an interior lot is selling for around 220K and the Bond is around 20K so the house is really selling for 240K and than it is easier to make comparisons.

When you buy this home, new or used, you have a choice to pay the bond off in one lump sum or continue payments, much like taxes over the years. Although about half of home buyers pay for the home, many do not pay off the bond.

Hope this helps. BK is better at explaining this and she will get my back.

Welcome Mermaid.

Gracie,

You are a wealth of information, and have a great way of putting things in perspective. Thank you.

Debbie

[Vinny]

Originally Posted by Ohiogirl

It was explained that the bond is based on the density of the neighborhood (average s.f. of the lots). Each new CDD (usually consisting of more than 1 village) will have the bond set (usually each new area is a higher than the one before).
.

I have a corner CYV lot and my bond is much higher than everyone else's on the block. I do not think it is based on the average in the Village but rather on the size of your lot.