[jrref]

I know there has been endless discussion concerning whether to pay off the Bond or not. But for example, if you have a $20,000 bond on a $700K house and you pay it off, when you go to sell it at some point i would think you could probably re-coupe the $20K because there is no bond to pay. At this price point you can easily add $20K to the price of the house assuming it will be one of the many selling points of the house. This assumes the $20K you are spending to pay off the bond isn't making much interest in the bank or whatever you may have it invested in these days.

[Bogie Shooter]

Another piece of endless discussion………..

[MrFlorida]

My take on this is, if you have the funds, pay it off.... why pay interest? No bond is a plus when selling.

[Garywt]

We have a mortgage so the bond is paid through our monthly mortgage payment. For us we don’t even know we are paying it.

[rjm1cc]

All thinks equal add the price of the home and the bond to get its cost. I wonder how many buyers forget to add the bond to the purchase price?

[Laker14]

Basically, the bond is nothing more than a loan, with an interest rate and a term over which you will pay it off. There is nothing complicated about it.
If you like the interest rate, and don't mind paying it, based upon your ability to repay the balance comfortably, or not, or your feelings on how you might do investing the money in you pocket if you don't pay it off, you choose to continue owing the balance and paying the interest, or paying it off.
If the house cost 400K with a 40K bond, I would consider the cost to be 440K. If the price of the house was 400K with no bond, I would consider the cost to be 400K...All other things being equal, I'd rather pay 400K.

[charlieo1126@gmail.com]

I’ve sold 5 homes in villages , I was in the homes no more then 3 or 4 years , you might get a couple of people who want to subtract the bond from price of home that’s a big no from me , the price is the price and all my homes have sold in less then a month , the last one same day , it works opposite when your buying I don’t care if you paid bond off it’s got nothing to do with my offer

[Papa_lecki]

I absolutely considered the bond balance in my offers. Just like in a condo set-up, I consider the monthly condo fee.

Some people look at the bond in lieu of property taxes - and don’t consider the balance. However, if the bond balance was not important - why do realtors put NO BOND in the property write up?

I think we all could find houses with no bonds that sold quickly and houses with large bonds that sold quickly.

[Laker14]

Originally Posted by charlieo1126@gmail.com

I’ve sold 5 homes in villages , I was in the homes no more then 3 or 4 years , you might get a couple of people who want to subtract the bond from price of home that’s a big no from me , the price is the price and all my homes have sold in less then a month , the last one same day , it works opposite when your buying I don’t care if you paid bond off it’s got nothing to do with my offer

That's not how I'd look at it. Money is money. Call it a bond, call it the price on the house, call it whatever you want to call it. It's money owed.

[Two Bills]

If interest on savings and investments was earning more than the interest going out on borrowings, we carried on saving.
When it changed, we paid off debts.
Worked for us.

[Stu from NYC]

We asked this question to several realtors.

They all said you will not get the bond value in the sale of the house.

As a result we are waiting a bit to see if we think we will keep this house before paying off bond.

[Two Bills]

Originally Posted by Stu from NYC

We asked this question to several realtors.

They all said you will not get the bond value in the sale of the house.

As a result we are waiting a bit to see if we think we will keep this house before paying off bond.

Predictable from Realtors.
The lower the sale price, the easier to sell property.
$10-$20-$30,000 to a seller is a lot of money, it's only peanuts on their commission.
JMO.

[retiredguy123]

Originally Posted by jrref

I know there has been endless discussion concerning whether to pay off the Bond or not. But for example, if you have a $20,000 bond on a $700K house and you pay it off, when you go to sell it at some point i would think you could probably re-coupe the $20K because there is no bond to pay. At this price point you can easily add $20K to the price of the house assuming it will be one of the many selling points of the house. This assumes the $20K you are spending to pay off the bond isn't making much interest in the bank or whatever you may have it invested in these days.

This topic has been discussed on many other threads. Assume you have a house for sale for $700K, with a $20,000 bond. You call your real estate agent and tell them to raise the asking price to $720K because you are going to pay off the bond. I can guarantee you that the agent will have a fit and strongly advise you to not pay off the bond. The house is easier to sell for $700K with the bond. Ask any experienced agent.

[Bogie Shooter]

Originally Posted by jrref

I know there has been endless discussion concerning whether to pay off the Bond or not. But for example, if you have a $20,000 bond on a $700K house and you pay it off, when you go to sell it at some point i would think you could probably re-coupe the $20K because there is no bond to pay. At this price point you can easily add $20K to the price of the house assuming it will be one of the many selling points of the house. This assumes the $20K you are spending to pay off the bond isn't making much interest in the bank or whatever you may have it invested in these days.

If you want more endless comments……go here.
Bond

[JMintzer]

The only Bond I care about...