Quote:
Originally Posted by Chi-Town
When buying here there was little mention that the bond was paid off. I noticed in the sales sheet that it was listed on the features section, but not knowing anything about buying a house with a bond I never considered it a sales point. It was like OK, that's nice.
I would never pay off a bond early thinking that you would get it or a portion back in the sell price.
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I understand your logic however that's a two sided coin. When I purchased our house I had rented here for several years. I was educated about the bonds. There was a glut of used homes on the market at the time. I told the agent only show me houses with the bond paid off. Also my experience was the price was higher than a house with a bond but perhaps not quite the full value of the original face value of the bond. Thus you might conclude by this scenario that a house without a bond was more marketable. Remember a house is only worth what you sell it for. It's worthless if it isn't selling.