Talk of The Villages Florida - View Single Post - Do I get my bond value back if I pay if off early?
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Old 01-14-2021, 09:37 AM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by retiredguy123 View Post
The house appreciation is irrelevant to the bond calculation. Assume you have two equal houses for sale, one with a $30K bond and one with no bond. A potential buyer is not willing to pay $30K more for the house with no bond. That is just the way the market works. So, the seller who paid off the bond is at a disadvantage when selling their house because they will not recover the money they spent to pay off the bond. My opinion and I think most real estate agents will tell you the same thing. You can price a house anyway you want, but that doesn't mean you will get your asking price.
Agreed was about to say the same thing but you beat me to it.