Are you trying to buy your first home, but can’t save a deposit? You’re not alone. Maybe you have a small deposit, maybe you have none. Maybe you have a few blemishes on your credit rating. Perhaps you’re self employed or a new immigrant, and the banks don’t want to know you. So, what’s the alternative?
PROBLEM
With the national median house prices in Australia sitting above $600,000,in order to avoid paying mortgage insurance a buyer will need to come up with 20% of that, which equates to $120,000. In some capital cities it’s more. By almost anybody’s standards, saving $120,000 is an enormously difficult thing to do. What is the alternative?
The good news is that you don’t necessarily have to have the perfect credit rating, enormous income, huge deposit and be working every hour of the day in order to purchase a home. Many very motivated people, wanting to sell their properties urgently are often open to creative ways to do this. Some may own an investment property that is negatively geared and they are struggling with the repayments. Others may be relocating, be getting divorced, about to be foreclosed on, or for any one of numerous reasons may want or need a quick sale.
The traditional way of selling is of course to list with an agent. Unfortunately this does not always produce the desired outcome. For some people by the time the agent’s commission and mortgage are paid there would be very little left. Others may they have used an agent, but were unable to achieve the end result they were looking for. So the situation is this:
In one corner there are people with a house they want to sell, but can’t.In another corner there are people who want to buy, but can’t.That’s where I come in.
By working with buyers and sellers to determine the exact needs of each, I aim to offer an alternative, creative way to buy and sell. The idea is never to beat a seller down to the lowest possible price, or to commit a buyer to a deal they cannot afford, but to find a solution where both buyer and seller walk away with a deal they are happy with.
If any of this sounds like you, is it worth a few moments of your time to find out? Give me a call, send me a text or email me and let me see how I may be able to help you. Alternatively fill in the expression of interest form so that I have some idea of your current financial position and can start working on a solution that might be possible for you.
