Buying your next home

BUYING your next home can be daunting and sometimes the process is not made simpler when you are also trying to sell your current home. However there are some basic rules that can help you avoid many common and costly errors.

To avoid not only financial problems but a lot of stress, it is highly recommended that you sell your existing home before purchasing another. Here are some reasons why;

It lets you know exactly how much you can spend on the new home without stretching the budget too far.

It helps you realise the full potential of your current home by allowing you to get it market ready for sale.

It doesn't force you into accepting offers and underselling your current home.

Your current home is Capital Gains Tax free so every pre tax dollar saved is a dollar earned.

If you do decide to buy before selling your current home and the settlement dates don't match up, all is not lost. The simple answer is a bridging loan, this is a short-term loan using your current home and equity as collateral. The interest rate with this is slightly higher than the normal rate however it does help you out until your current home is sold and settled.

 



What we know so far about Casino cannabis facility

premium_icon What we know so far about Casino cannabis facility

Stage one is expected to be completed by the end of the year

Chopping tree down is the 'only realistic option': Council

premium_icon Chopping tree down is the 'only realistic option': Council

A contentious fig tree that has damaged homes will be removed

'Shocked to the core': Missing handbag returned untouched

premium_icon 'Shocked to the core': Missing handbag returned untouched

"I was shocked to the core that it was handed in"

Local Partners