Quote:
Originally Posted by Velvet
Question: I just bought a home with an outstanding bond, no mortgage, if I pay off the bond, then when I resell (if I ever do) the house price has to include my costs. Then the buyer would have to pay property tax on the increased cost of the house because I had paid the bond. Otherwise, they’d have to pay property tax and have the choice of paying off the bond or not themselves. Which would a buyer like better?
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What is your property tax???.........1.5% of your value?? If so and you have a $20,000 bond...........$300 in possible more taxes??............I doubt if that will impact a buyer.
To me........The bond is just an additional cost to my lot.
