Quote:
Originally Posted by Challenger
What would the benefit of not paying off the bond be in the scenarios you describe.
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A home purchased at 228k plus 21k would be listed at 249k or more..
if you pay off the bond but it
can be listed at....a lower price if you do not.
There is NO difference but people may look at it sooner as it does not require the initial amount of cash or money loaned. A marketing situation but unfortunately not all people who are new to the Villages can see the difference and may be drawn to a seemingly lower priced home.
PLUS, I am guessing that many people were like we were when we first bought here... Are we gonna like it? What if we don't and want to sell it? We can sell it quicker at a lower price if we don't pay off the bond.