Just cant decide...

6 Comments

So we have found a beautiful semi rural property which we could possibly buy. We would have to commit to it and exchange contracts before we sold our current house so there is a risk of having to use bridging finance (this would add about $1200 a fortnight onto our mortgage until we sold our house. I just don’t know what to do…

If our house sells within a 4-6 week period there would be no issues at all and we could just settle everything at the same time, but if it doesn’t, we get stuck with bridging until it does!

We have always dreamed of a tree change but I just don’t know if its worth the risk as we cant afford to add too much on our loan as we would be right on our limit with the new place.

Ahhhhhh I wish I knew a good psychic!

Posted by MrsStacey79, 30th September 2013

6 Comments

- - BellaB, ACT said
  - 28 Jun 2016
    7:26 pm
So what did you do?

- - mom94125, ACT said
  - 20 Jun 2015
    5:11 pm
very risky but i am not you and i don’t know details. take the safest option

- - mom113055, ACT said
  - 24 Apr 2015
    3:11 pm
i like reading these stories it s fun

- - mom57522, ACT said
  - 07 Jan 2015
    10:03 pm
Do your research about sales and market time for your area.

- - meimei, ACT said
  - 31 May 2014
    1:40 pm
Don’t take a big risk. My husband friends stuck in that situation too. Anyway, wish you luck.

- - omgjag31, ACT said
  - 30 Sep 2013
    8:29 pm
It’s a big risk. Can you put a longer contract on the other place ? Are houses selling in your area at the moment?

Good luck