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General Area in The Villages : Real Estate Advice

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Activity 3
Sat Jun 29, 2013
Lyle Gant answered:
There are costs that will vary by property.

1 - Unlike any other place on earth, infrastructure cost are not in the price of the home. There is a 30 year bond to cover this costs. It will vary, but the rule of thumb is, the newer the home the higher the Bond. Current bonds on NEW homes is $20000 + with an annual cost of the bond around $1400 a year. Some, not many, choose to pay off the bond, but the bond is not a factor in pricing homes. Bond PAID or OWED will make almost no difference in the comparisons of homes. Paid makes the home more sellable but NOT more valuable.

2 - There is an annual maintenance cost for common areas, pools, recreation centers which is the Community Development District ( CDD ) fee. This fee ranges from zero in Lake county and from a few hundred to a thousand dollars a year for new home in Sumter and Marion counties..

Please see my website for more detailed information http://www.lylesellsfla.com/free_reports.shtml

Regards,

Lyle Gant
REALTOR
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Sat Jun 29, 2013
Lyle Gant answered:
Also,

On my website you can search for homes by Village Name.

http://www.lylesellsfla.com/The_Villages_FL_listings/featured.shtml

If you have any questions please call or send me an Email

Regards

Lyle Gant
REALTOR
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