Quote:
Originally Posted by TheWarriors
I have to always laugh when I see homes advertised for sale proclaiming the bond is paid off. What fool would pay off their bond and then not increase the selling price accordingly? As the saying goes, nothing is free.
|
Selling price is what the market will pay. Two homes same value, one with no bond outstanding , and one with an outstanding bond of $10,000 affects the negotiation. Would I pay the owner of the no outstanding bond $10,000 more. Probably not, but I would pay something more. If the houses were priced $10,000 different (Bond Paid house higher) I would buy the house with the unpaid bond (less out of pocket) unless I got a break from the bond paid house owner.
That should be confusing enough.