Do I get my bond value back if I pay if off early?
Based on the current zillow estimate, after two years of owning the property, the Zillow estimated market value currently equals the original purchase price plus the initial bond, within a 1K . . .
Now, if one is flipping a house, definately do not pay off the bond. However, if you are keeping the house for greater than 3-5 years, currently paying off the bond will save interest expense, and you will get your bond payment back. . the goal being to reduce money rental fees.
And don't @ me about Zillow estimates, I understand how they are done, can perform the same regression analysis with the same data set they have, and the variances. And i know you can believe or disbelieve anything you want, but from a data point of view independent of my beliefs, you can get your bond back as long as you wait for your price.
There are behavioral analysis studies showing that realtors price based on getting their commission, not getting your price, even if you think that they work for you. . .
sportsguy
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