Bond Payoff
It is definitely a selling point that the bond is paid. We sold our home “by Owner.” It was a major plus to potential buyers that the $18,000 bond was paid off. I believe it made the house an easier sell. We considered it when pricing the house. We also considered the 6% realtor commission. The buyer got a break on the selling price (lower by a portion of the 6% commission we did not have to pay) and the buyer did not get saddled with $18,000 of additional debt at 5%-6% interest for the next 25 years.
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