Quote:
Originally Posted by Altavia
Not a good time for those trying to recover a bond payoff in sell price.
|
Not necessarily. As I'm looking at houses, I factor any bond balance into the price of the house (e.g., 450k price, 15k bond balance, 465k total price). Some may argue reasonably that that type of simplification is the wrong way to look at it, but it's how I choose to look at it. If another similar house has no bond balance and is priced at 460k, then it would be the leader (all other things being equal). There are a lot of factors I take into account when deciding on market value of a specific home, and paid off bond does hold value for me. It's not the primary factor, but it is a factor.