[charlieo1126@gmail.com]

Originally Posted by Laker14

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.

That’s not what I mean , there are people who will put an offer subtracting the price of the bond , that is a big no from most sellers the bond is the buyers problem they either want the house at price or not , as far as the no bond, people I know. They make an offer on the price of home not the price the seller is trying to get because he has factored in the price of bond. The price of bond or lack of bond is right now in this market only a part of the the equation , seller can ask what he wants and usually more right now . I did on my last sale and got much more in offer because they didn’t want to lose house. I’ve never bought a home here where I even cared about the bond , and I have had many very expensive homes and condos over the years and never put more then 20% down I have better things to do with my money especially with pretty decent interest rates for so many years

[Michael G.]

Originally Posted by Laker14

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.

Unless you choose to buy OUTSIDE TV.
I don't think these a bond in Spuce Creek or Stonecrest to my knowledge

[Stu from NYC]

Originally Posted by Two Bills

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.

Good point.

[Papa_lecki]

Let say two houses - generally the same size, upgrades, etc. One has a 15,000 bond one doesn’t - which one are you trying to buy?

[dewilson58]

Originally Posted by Papa_lecki

Let say two houses - generally the same size, upgrades, etc. One has a 15,000 bond one doesn’t - which one are you trying to buy?

Depends on the price.

[Topspinmo]

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.

The bond is not 20K when you figure in interest. They don’t want you to pay it off so the can collect interest.

If I was buying resale no bond would be big benefit for me cause I don’t like giving my money away. Most Going to make offer on house, IMO if it’s got bond you lower you’re offer if it has no bond then may be worth higher offer.

[Topspinmo]

Originally Posted by charlieo1126@gmail.com

That’s not what I mean , there are people who will put an offer subtracting the price of the bond , that is a big no from most sellers the bond is the buyers problem they either want the house at price or not , as far as the no bond, people I know. They make an offer on the price of home not the price the seller is trying to get because he has factored in the price of bond. The price of bond or lack of bond is right now in this market only a part of the the equation , seller can ask what he wants and usually more right now . I did on my last sale and got much more in offer because they didn’t want to lose house. I’ve never bought a home here where I even cared about the bond , and I have had many very expensive homes and condos over the years and never put more then 20% down I have better things to do with my money especially with pretty decent interest rates for so many years

No it’s sellers problem trying to get someone to take bond off their hands.

[charlieo1126@gmail.com]

All my homes in villages sold within a month ,the last one in one day, the longest of the 5 I owned was only 4 years old so there was a lot of money left on bond , again most people don’t care about the bond if they want the house , don’t just take my word ask anyone you know whose sold multiple homes here , FYI I bought those 5 new homes and I didn’t care about the bond price

[charlieo1126@gmail.com]

Remember just because someone advertises no bond doesn’t mean people are going to pay more then they think the house is worth. I don’t sell these homes just to make money , which I do , sometimes a lot. I sell because I get restless in all 14 homes since early 90’S might be why I’m not married lol I sell the unique furniture and art work also except the last one because it’s harder to shop now and always made profit

[Laker14]

Originally Posted by Papa_lecki

Let say two houses - generally the same size, upgrades, etc. One has a 15,000 bond one doesn’t - which one are you trying to buy?

Originally Posted by dewilson58

Depends on the price.

In this hypothetical , assume both asking prices are identical.

[JMintzer]

Originally Posted by Laker14

In this hypothetical , assume both asking prices are identical.

Same location? Same elevation? Same everything? Because in real estate everything affects everything...

[DAVES]

Originally Posted by 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.

We tend to be suckered, by people that are good at selling and at spinning math. Typical sale of too many things, it is only $$$$ per month. Typical of a car two year lease with $770 down and it is only 250 a month. How many only hear the 250 a month. The 770 adds 770 divided by 24 months 32.08 a month. That 250 is 282. It is all legal.

So many similar gochas. Credit card interest. Cable TV for only $$$$ a month you can add ???????????? Where does my money go? Many need to write it down to see.

[DAVES]

Originally Posted by Topspinmo

The bond is not 20K when you figure in interest. They don’t want you to pay it off so the can collect interest.

If I was buying resale no bond would be big benefit for me cause I don’t like giving my money away. Most Going to make offer on house, IMO if it’s got bond you lower you’re offer if it has no bond then may be worth higher offer.

"They don't want you to pay it off." We paid off our bond roughly two years ago. I can only say that both our bank and the office that administrates the bond were very helpful. Did it make sense to pay off the bond, that is another question. Wife wanted to pay it off, her brother an accountant said pay it off. He also said pay off the mortgage. I paid the bond and not the mortgage. You can bet neither my wife or her brother said you were right-we were wrong. Right now you can easily make more on investments than the interest on the bond. The market does up and down. If, you are not making more than the interest on the bond, on your mortgage, and you have the money, it makes sense to pay them off.

Family counseling? I think we all live in a corny situation comedy.

[Garywt]

Originally Posted by DAVES

We tend to be suckered, by people that are good at selling and at spinning math. Typical sale of too many things, it is only $$$$ per month. Typical of a car two year lease with $770 down and it is only 250 a month. How many only hear the 250 a month. The 770 adds 770 divided by 24 months 32.08 a month. That 250 is 282. It is all legal.

So many similar gochas. Credit card interest. Cable TV for only $$$$ a month you can add ???????????? Where does my money go? Many need to write it down to see.

I live off the amount of the monthly bills so if I put money on a lease it is to get what I pay each month down. If I take out a loan or mortgage I take it for as long as I can to keep the monthly payment down knowing I pay more in the long run. The bond is part of escrow thus my mortgage and the bank takes care of it so I don’t have to do anything with it. When we sell our house the bond will be paid off unless we both die long before we expect to but we bought at age 55 so hopefully…

[DAVES]

Originally Posted by 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.

We tend to lose track of reality. First of all the realtor is a salesperson working for the property seller. If, you are selling a home you will say over and over again bond is paid.
Perhaps the home has nice landscaping, location, a pool, new ac, etc.

Even in the villages, two whatever the model name is are not worth the same price-location, additions etc. People buying your home. Are they really looking to buy a home or they have nothing better to do? Want to see how you decorated.

It is a bit of an art. Sold quickly. The seller thinks, I could have gotten more. Priced too high and the seller sits with the home and they can end up with less than they could have if it was priced properly.