Quote:
Originally Posted by Stu from NYC
I asked several real estate agents who have been around for awhile and know the market whether it makes sense to pay off the bond and they all said not worthwhile unless you are sure you will stay in your home for 10 years or so.
In our case we are here less than a year and not 100% sure this will be our only home so not paying off bond at this time.
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I also asked several RE agents who told me that you do get a portion of the paid off bond back. I went further and examined newer homes for sale with paid off bonds and they do sell for more than comps w/o bonds.