Quote:
Originally Posted by Papa_lecki
I agree. The realtors downplay the bond, they say its like property taxes, you’re paying for infrastructure.
I also wonder if buyers of a resale, don’t always know the details of the bond, until they fall in love with a place.
As a buyer, the first question I ask the realtor is “what’s the bond”. Two identical houses, I’m going for the one bond free.
Agree, you may not get back 100% of the bond balance paid (just like you don’t get 100% of the cost of the pool or new kitchen) when you sell.
|
That is the problem. You don't get back 100 percent of the bond balance paid. That is why you can't view a bond the same way that you view a mortgage loan. When you pay off a mortgage, you always get back 100 percent of the amount you pay off in terms of your total investment return.