All Topics / Help Needed! / Trade-in your home

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  • Profile photo of clonesclones
    Participant
    @clones
    Join Date: 2005
    Post Count: 81
    January 9, 2006 - 4:57 am

    Hi guys,

    Have any one experience trading-in your home?

    Question came as a friend is interested in buying a new PPOR but it is too expensive to him and the process of selling to buy the new one could be very painful in the current market.

    Do you think builders are up to that kind of business?

    Thanks in advanced for any comment

    Clones

    ************************
    The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.

    Profile photo of clonesclones
    Participant
    @clones
    Join Date: 2005
    Post Count: 81
    January 10, 2006 - 5:55 am

    Just wanted to add the numbers:

    Current PPOR = $240.000
    New PPOR = $480.000
    Balance = $240000

    So, do you reckon the builder/developer will be interested in this cse of deal? They will end up with $240.000 in their pocket and another house.

    ************************
    The net result is not so much lies, damn lies and statistics but rather vendor dreaming, buyer wishing and agent glossing.

Viewing 2 posts - 1 through 2 (of 2 total)

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