Quote:
Originally Posted by Papa_lecki
So buyers don’t consider the fact that buying an asset, has an additional $0/15,000/$35,000 liability?
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That's a good question. I pondered the same question, before I decided to pay off my bond. I bought a pre-owned home with a $9K bond with like a 4.5% interest rate. Thinking there was like 10 years left on the bond. I was figuring I will have the house for at least 10 years so it was a good bet. Even if I sold after 5 yrs , iI'd probably get my money back.
I think some do and some don't consider the Bond. Some people only look at "what can I afford". If they can afford the bond payment, they don't care. Others, like me add the cost of the bond to the purchase price (in their minds).
I would say having a bond is not a make or break for most buyers. It could be a tie breaker for some people considering comparable houses. In addition, they may not negotiate as hard on the hose without the bond.....but who knows.