Page 9 - thinking of selling FINAL
P. 9
are you ready?
THINKING OF SELLING
KNOW YOUR FINANCIAL SITUATION AND ARE YOU
COMFORTABLE WITH IT TO SELL
To understanding your homes worth, I
reccomend to get an appraisal.
CLICK HERE
for a Free Appraisal.
But also 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 quick and
easy, 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 the 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.