Quote:
Originally Posted by VillagerNut
It is not suggested that you pay the bond off. The reason is if you decide you need to sell you have lost that money because a house with a paid off Bond does not sell for a higher price. The paid off Bond helps a house sell faster. To find out what interest rate you are paying you can contact the district office or get on districtgov.org and look it up. The bond are either 20 or 30 years. The 20 year bonds are north of 466 off of Morse. The rest of the homes are 30 year bonds. But it is up to you if you pay it off or not. Just realize if you sell you will not get any of it back in a higher price. Also you cannot pay the bond off now until January 2. You have up to the middle of July before they cut off the pay off of bonds for the year.
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If the statement that an identical home with a remaining bond balance would sell for the same price as one without a similar lien is correct, TV would be unique in the world of real estate valuations and sales. To assume the existing lien(bond) would mean that you were ,in fact, paying a higher price- not debatable. Can anyone show statistical proof (not opinion) that such an anomaly exists?