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11-26-2023, 02:26 PM
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Sage
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Join Date: Dec 2012
Location: Somewhere over the rainbow
Posts: 15,228
Thanks: 7,650
Thanked 6,290 Times in 3,250 Posts
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Quote:
Originally Posted by retiredguy123
I guess it depends on the market. You may not accept an offer with a deducted bond, but other sellers will. Having a bond gives the buyer more options. If they don't want a bond, they can just pay it off. If they want a bond, they can keep it. But, once the bond is paid off, it cannot be reinstated. In some cases, a paid off bond can prevent a sale because the buyer cannot get a mortgage high enough to cover the paid off bond amount that the seller has included in the sale price.
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Isn’t all homes in villages over stated? All things being the same including price who buy one with bond? One who likes to give money away. 
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