Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 11-28-2023, 08:45 AM
Bill14564 Bill14564 is online now
Sage
Join Date: Nov 2020
Location: Village of Hillsborough
Posts: 7,454
Thanks: 2,317
Thanked 7,801 Times in 3,071 Posts
Default

Quote:
Originally Posted by Pat2015 View Post
That’s why I’ve never paid off the bond on any of the houses I’ve purchased in TV. Paying off the bond does not increase the value of the house.
But a paid off bond does increase the value of the total purchase (or net value of the house if you prefer).

With enough things being equal I would certainly purchase the home that no longer carried the bond. Of course, it is usually the case that not enough things are equal.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.


Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough