Quote:
Originally Posted by Bleudeturquoise
Is paying off bond a good investment when it comes time to sell your home?
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Hi Bleu,
There are varying reasons why individuals choose to pay off the bond. But, in my opinion, paying it off and expecting to recoup the amount if you sell is not realistic. Therefore, I do not see it as a good investment--from the standpoint of Return on Investment.
While a paid-off bond might tip the scales for a buyer who has found more than one house to consider, the fact remains that the comps are the comps. It is what the market will bear and sellers need to compete in several ways.
(Buyers who insist upon looking only at houses with paid bonds are limiting themselves tremendously by eliminating a whole bunch of homes that could be just right for them.)
In Post #2 here in this thread, CWGUY provided a link to a recent thread on this topic. That thread was one of the better discussions we have had around here lately. But I see that thread has been closed. You might want to take the time to open CWGUY's link and read through it for more information, and opinions from different angles.