Talk of The Villages Florida - View Single Post - Bond Payoff
Thread: Bond Payoff
View Single Post
 
Old 07-25-2011, 10:03 PM
TomW TomW is offline
Senior Member
Join Date: Mar 2008
Location: The Villages
Posts: 404
Thanks: 0
Thanked 3 Times in 2 Posts
Default

IMHO: One would assume that paying the bond would enhance the value of the property by the amount of the paid bond. I don't think buyers view it that way. I didn't when I was searching for my TV home. If you are going to keep your home indefinitely (???) then it doesn't matter, but I believe that paying the bond is discounted in the sale more than the amount paid - in general. Also, one can make more than 6% in the market so there is a little "float" on the positive side if one is so inclined.
__________________
Tom W