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Selling Before You Buy

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  2. SECOND HOME BUYER
  3. Selling Before You Buy

Mortgage Mantra's

Selling Before You Buy

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Mortgage Mantra

Selling First

Selling first is a smart and secure way to be able to see exactly how much money you have to play with when considering purchasing your next property. Knowing exactly how much you can afford often settles people’s fears when buying a second property, as you won’t be wasting time looking at the wrong properties that are over (or under) your ideal budget.

The downside to selling first?

The countdown to settlement day. Once you have accepted a buyer’s offer, the clock starts ticking and you have to start searching for your new home - with a deadline. This pressure on time can force you to put a deposit down on a property that may not quite fit your lifestyle because you don’t want to not have somewhere to live come move-out day.As a First Home Buyer you may be eligible to apply for a First Home Loan which reduces your minimum deposit from 20% down to a 5% deposit. This 5% represents your contribution towards the purchase of your home. Ideally you will have saved this amount over the last 3 months or more. In exceptional situations, the lender may consider equity from a family member’s home as a deposit.

Can you stay with family or friends?

Finding the right home, or a home at all in the competitive market, within the time-frame might not be possible, so you have to consider all possibilities of what you will do in the interim when you are between homes. Can you stay with family or friends? How much will it cost to move and store your belongings until you find a new property? How many months can you afford to store them? All of the potential costs of being in-between houses should be considered to avoid being stuck with a new property that you will already want to sell the moment you move in.

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    Limits of Balance:

    $68000

      Limits of Balance:

      $68000

        Limits of Balance:

        $68000

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        What kiwis are saying about us

        Our journey with our clients lasts beyond the life of their home loan. That’s why we ask them to keep us posted on how we are doing along the way.
        Kunal Monga

        Kunal Monga

        Satish is a very honest man and genuinely cares for his clients. He gives very good advise to his clients based on their needs. I would highly recommend using his services. He also gives his 100% to get the best deals from the banks for his clients.
        Banu Sidharth

        Banu Sidharth

        I have solicited Satish's advice quite a few times relating to Mortgage. At all times he has been able to provide insights that has helped me arrive at informed decisions. Satish's candidness and willingness to help is highly commendable. I would have no hesitation in recommending him at all.
        Abdul Osman

        Abdul Osman

        Satish was very helpful and informative in arranging finance for the home buying process. He clearly advised of all available options for the process and ran through the best fit for our situation. I highly recommend Satish.
        V Gangan

        V Gangan

        Satish has been extremely friendly yet professional in his business dealings with me. He knows his subject very well, and provides valuable financial advice. I would highly recommend his services to anyone, because I have found Satish reliable and helpful.
        Amir Raza

        Amir Raza

        I have dealt with Satish on more than one occasion - primarily for arranging mortgage. I have found Satish a very knowledgeable and reliable person to deal with and he has a pragmatic approach to solving problems. I will be happy to deal with him again for any mortgage/financial advisory related matter and without any doubt recommend him to anyone seeking such services.
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