Quote:
Originally Posted by Cliff Fr
You need to keep in mind the value of the bond being paid off or partially paid off on a pre-owned home.
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Some people claim that whether the bond had been paid or not been does not impact the sales price.
That doesn’t make any sense to me. I would think people would look at the total price of the house - sales price, bond, and taxes.
For example, a $500,000 house with no bond and $5,000 in taxes should sell faster than a $475,000 house next door with a $50,000 bond and $5,000 taxes. The first one appears to cost $25,000 more but is actually $25,000 cheaper.
Or do people look just at the sales price?