[quote=ocrenter]I do recall a family friend who bragged about how they purchased a home that had the MR paid off. And they justified the home’s higher price tag based on the potential savings. They were quite excited about how their house was “special” compared to everyone else in the neighborhood.
We do not live in the days of MLS books and Thomas guide anymore. It is very easy to do a quick search and find homes without MR.[/quote]
ocrenter, you and I know how to pull up a random tax bill and read it correctly but the average buyer does not.
And prospective buyers aren’t going to comb tax bills of listings within CFDs to determine (on the off-chance) if any of them have paid off MR. And even if they happen to find a property with paid-off MR, it may not meet their needs. I’m sure you’re aware that that is not how buyers shop for property. In any case, the tax bill screen could lag an owner’s possible prepaid MR by 1-12 months.
Buyers WHO WILL NOT ACCEPT MR do NOT shop in those areas which have it, unless they (or their agent) is certain that the MR is soon to be retired.
