Realty Executives in The Villages

Walter Coe, Ph.D.

Broker Associate (352) 516-3480

Walter Coe, Ph.D.

How The "Bond Assessment" Effects The Home's Purchase Price

Understanding The Home's Purchase Price

The purchase price for a pre-owned home in The Villages Florida is the “negotiated listed price,” plus the assumption of any remaining CDD Bond Debt.*  For a "new home" purchase the total purchase price is the “non-negotiable” advertised price, plus the CDD Bond Assessment, state doc stamps ($7 per every $1000 of purchase price) and the cost of title insurance (about 1% of the purchase price).  For pre-owned home purchases in The Villages, doc stamps and title insurance costs are paid by the seller.

Remaining bond debt can vary significantly depending on the home’s location.  Any remaining bond debt may be paid off upon closing the sale or during any year.  If left unpaid the balance will amortize and the corresponding principle and interest will be collected with property taxes as a “ non-ad valor um assessment.”

Note: The newer the home the higher the CDD Bond and Maintenance Assessments.  For Example, Unit 218 in the Village of Hillsborough south of County Road 466A has a bond balance of currently about $26,000 coupled with a nearly $700 per year CDD Maintenance Assessment.  Whereas, Unit 43 in the Village of Polo Ridge just north of County Road 466 has a CDD Bond balance of approximately $785 and a $409 per year CDD Maintenance Assessment.

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Walter Coe, Ph.D.

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