Page 9 - Revised thinking of selling
P. 9
are you ready?
THINKING OF SELLING ?
KNOW YOUR FINANCIAL SITUATION AND ARE YOU
COMFORTABLE WITH IT ?
To understand your homes worth, we
recommend you get an appraisal.
CLICK HERE
for a Free Appraisal.
Look at your Equity - If you sell your
home for more than you owe, you'll
benefit from its positive equity.
However, when you sell your home for
less than what you owe you're in a
negative equity situation.
You want a nice balance of a good
price in the market so it sells quickly and
enough to comfortably benefit.
What if you buy before you sell?
If there’s likely to be a time period of
buying your new home and getting the
money from selling your current house
then your bank may be able to increase
your home loan for a short time, or help
with bridging finance.
Bridging finance is an interest-only loan
for a short term to help ‘bridge’ the gap
when you have mortgages over two
homes.
Check with your Bank first and see the
options they have available to you.