[quote=sdrealtor]I have seen homes with paid off MR on the market before. They are more desirable and that helps them sell quicker which is worth something in a declining market. From my recollection they seem to sell for a little more but not a lot more. The premium doesn’t seem dollar for dollar. As a caveat I believe they were in Aviara so the MR fees were modest so the difference probably shouldn’t be much. As a general statement I would recommend paying off MR early for personal benefit rather than being able to sell for more in the future. I’d look at a potentially higher sales price as a bonus but would not factor that in to the decision. Just my opinion though
Edit: thinking a bit more there has gotta be a difference when the annual
MR are 5000 vs 400 so it likely would create more value in a high MR environment. I just think it would be much less than dollar for dollar[/quote]
Don’t know why it took so long but it finally dawned on me that new construction in SEH and next door Old Creek is selling with MR about $80 a month next door to older homes with MR at about $300.
I think about paying off my CFD costing $3385/year (for 23 more years) with a payoff of about $45K. I mean where else am I going to get that kind of guaranteed head-ache free return but the wife wants to go for the gusto and get another rental….
