Quote:
Originally Posted by Altavia
How would you factor in the risk of not recovering the bond cost when selling the home?
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Well, that is another matter. I believe post #12 covered it pretty well. If one chooses to pay off the bond early one is extremely unlikely to recover that amount on sale over a comparable house selling with bond still in place. The buying public for the most part doesn't know or care about the bond. When I was steered to new spec homes by my first TV agent he did not mention diddly squat about a bond and evaded discussing the matter when I asked him how much the bond would be on the house he was showing me. He never came up with a number! Based on my experience TV agents treat most buyers like mushrooms regarding the bond, keep them in the dark and feed them organic fertilizer.