Talk of The Villages Florida - View Single Post - When to pay off home bond
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Old 07-21-2016, 09:51 PM
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Quote:
Originally Posted by JRichm369 View Post
The bond is a second mortgage that stays with the property until it is satisfied, thus it is part of the value of the property. If it has been paid off you or your estate will be able to sell at a higher price.
Quote:
Originally Posted by theorem painter View Post
I disagree. When people buy a house they look at the comps. Not comps plus the bond or minus the bond. If you pay off a $25K bond there is no way you are going to get $25K more for your house than your neighbor's house that has a bond. It might sell more quickly but not at a higher price.
With no bond, your home may sell faster. But there is no guarantee it will sell at a higher price.
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