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11-05-2019, 12:32 PM
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Sage
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Join Date: Jun 2019
Posts: 4,632
Thanks: 1,948
Thanked 3,548 Times in 1,706 Posts
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Quote:
Originally Posted by perrjojo
Let’s assume I pay off my bond...sell my home for 315,000 because my bond was 15,000. You do not pay your bond and live in your home for 3 years. You ask 300,000 for an equivalent home. I still pay approximately the same 315,000 for both homes because I am assuming your bond loan and the principal on the bond is not much in the first years. It’s really pay me now or pay me latter. Basically I am paying the same price for the home minus a small principal reduction on the bond.
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Is there any evidence having a bond affects sell price in today's market?
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