[Aces4]

Originally Posted by charlieo1126@gmail.com

I don’t know why you should say sorry didn’t get he bond payoff , if you read my message and your a real estate expert then you should have understood what I was saying

. Also your statement earlier: I know people advertise no bond but they try to jack up the price , the price of home is always what it’s worth bond or no bond


I explained this earlier but you must have missed it. I said I was sorry you couldn’t recoup bond balances you paid. I then stated:
When we sell a home, we do the leg work for establishing market value for our property with all improvements and then add any bond amounts we have paid off to the price. We then list, noting the bond is paid or provide the remaining bond balance in our listing. Full listing price is very rewarding.

We’re not real estate experts, just payed attention to the real estate market and factors when moving.

[Stu from NYC]

Originally Posted by Altavia

I know it's confusing but Bonds are not loans. They follow the property, not the buyer.

I said the bond is "effectively" a deferred tax. That paid for a corporate bond financing infrastructure. Similar to a government bond financing schools and roads.

Unlikely any financial advisor would recommend paying it off given only a small percentage of buyers would consider it on a purchase decision.

Doubtful any one here will live long enough to pay it off with annual payments.

But of it makes someone feel better to give part of their heirs inheritance to a stranger, go for it.

If one feels they will do better by not paying off the bond early but investing the money for a better return than paying on the bond no reason not to

[charlieo1126@gmail.com]

Originally Posted by Aces4

. Also your statement earlier: I know people advertise no bond but they try to jack up the price , the price of home is always what it’s worth bond or no bond


I explained this earlier but you must have missed it. I said I was sorry you couldn’t recoup bond balances you paid. I then stated:
When we sell a home, we do the leg work for establishing market value for our property with all improvements and then add any bond amounts we have paid off to the price. We then list, noting the bond is paid or provide the remaining bond balance in our listing. Full listing price is very rewarding.

We’re not real estate experts, just payed attention to the real estate market and factors when moving.

again that sentence about people trying to add the bond price to the home was , directed at other people , I would not buy a home that added the price left on the bond into the sale of the house the bond is separate from the house and your full listing price may or not be correct , top dollar is always in the eye of the owner, my whole point was you telling me you were sorry I didn’t get full price ,but it’s okay FULL PRICE IS VERY REWARDING

[Fltpkr]

Originally Posted by Stu from NYC

Hmm do you have a witness who didnt see you say that?

Isn’t the question “Do you have a witness who heard you never say that?”

[Fltpkr]

Originally Posted by Challenger

Caveat Emptor

a huge amount of the stuff posted in this thread is somewhat misleading or totally wrong.

For sure!

[Stu from NYC]

Originally Posted by Fltpkr

Isn’t the question “Do you have a witness who heard you never say that?”

Irregardless of that as Yogi used to say, When you come to a fork in the road take it!

[Aces4]

Originally Posted by charlieo1126@gmail.com

again that sentence about people trying to add the bond price to the home was , directed at other people , I would not buy a home that added the price left on the bond into the sale of the house the bond is separate from the house and your full listing price may or not be correct , top dollar is always in the eye of the owner, my whole point was you telling me you were sorry I didn’t get full price ,but it’s okay FULL PRICE IS VERY REWARDING

Bottom line is the money laid out in bond payoff may be recouped with sale of the house, it’s not that difficult.

[charlieo1126@gmail.com]

Originally Posted by Aces4

Bottom line is the money laid out in bond payoff may be recouped with sale of the house, it’s not that difficult.

well your the , , expert , I’m just a novice , I’ve only sold 14 homes and condos , so I can’t compete with your expertise and just leave it alone , I won’t be back on the thread again but I leave with this FULL PRICE IS VERY REWARDING especially when it’s NOT AND maybe you should reread my message it’s not to hard to understand for an expert Bye lol

[Stu from NYC]

Originally Posted by Aces4

Bottom line is the money laid out in bond payoff may be recouped with sale of the house, it’s not that difficult.

Maybe it will be recouped and maybe it will not how can you be sure?

[manaboutown]

Originally Posted by charlieo1126@gmail.com

again that sentence about people trying to add the bond price to the home was , directed at other people , I would not buy a home that added the price left on the bond into the sale of the house the bond is separate from the house and your full listing price may or not be correct , top dollar is always in the eye of the owner, my whole point was you telling me you were sorry I didn’t get full price ,but it’s okay FULL PRICE IS VERY REWARDING

Whenever I received full price I afterwards realized I had not asked enough, especially on a quick sale.

[Altavia]

With CD rates already north of 4% and not slowing, even more think about before paying off the bond.

[Aces4]

Originally Posted by manaboutown

Whenever I received full price I afterwards realized I had not asked enough, especially on a quick sale.

When you add the price of the paid bond in to your total and you sell your home that much or more above the prevailing rates, you’ll know you asked enough. Particularly when your neighbor tells you that you’ll never get your price. It’s not brain surgery.

[manaboutown]

Originally Posted by Aces4

When you add the price of the paid bond in to your total and you sell your home that much or more above the prevailing rates, you’ll know you asked enough. Particularly when your neighbor tells you that you’ll never get your price. It’s not brain surgery.

The statement to which you are referring was based upon my personal experiences. I do not pretend to speak for others.

Late last year I put a commercial property up for sale at a price slightly above what highly experienced brokers recommended after studying several comps. Over a listing period of a little over a week I received about 10 offers, seven of them serious, including three over my asking price. The brokers asked the potential buyers to sharpen their pencils and come back with their best offers. Long story short, it closed in April 2022 at more than 40% over my listing price. Nothing like an auction!

[Stu from NYC]

Originally Posted by manaboutown

The statement to which you are referring was based upon my personal experiences. I do not pretend to speak for others.

Late last year I put a commercial property up for sale at a price slightly above what highly experienced brokers recommended after studying several comps. Over a listing period of a little over a week I received about 10 offers, seven of them serious, including three over my asking price. The brokers asked the potential buyers to sharpen their pencils and come back with their best offers. Long story short, it closed in April 2022 at more than 40% over my listing price. Nothing like an auction!

Wow. If I was say 20 years younger would come to you for advise on investing in real estate. At my age not looking for long term investments.

[manaboutown]

Originally Posted by Stu from NYC

Wow. If I was say 20 years younger would come to you for advise on investing in real estate. At my age not looking for long term investments.

I view it as pure luck in a highly overheated market. Timing. I just put a similar property up for sale in another state, same brokers who specialize in this type of property nationwide. One of the potential buyers approached by the brokers was the same outfit that had just bought my property. Their response was they had way overpaid for PA and MD properties, mine being the MD one. They had expected to jack up the rents and did so but lost about half their tenants. They were just too optimistic. IMHO one makes his money when he buys right. I am under contract on the current one at a wonderful price, but nothing like what the other property sold for.