What does it mean when a Villages home listing says "bond paid"?
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It means the CDD bond, the community development district debt that paid for the roads, utilities, and amenities in that section of The Villages, is already paid off instead of sitting on the property as an ongoing assessment. Every home in The Villages carries one of these. It shows up as a separate line on your tax bill, not buried inside the HOA fee, and it can run for 15 to 30 years depending on when that section was built. When a listing says "bond paid," the seller paid off that remaining balance before selling, so you're not inheriting it. Here's what people miss: a "bond paid" home isn't automatically the better deal. The otherwise-identical home still carrying the bond usually prices in that remaining balance, and what you're really comparing is total monthly cost, not just the sale price. I've seen buyers pick the higher-priced "bond paid" home and end up close to the same payment as the cheaper one still carrying the bond, once you actually run both numbers side by side. Either way can work. Just make sure whoever's underwriting your file is running the real total, bond included, not just reading the listing price.