Hi guy’s n gal’s,
I am selling my property with the offer to gift the full deposit so it’s easier to find a buyer as I am moving interstate.
I am not handing the money to them and plan for it to fit in at settlement somehow.
Apart from the capital gains I will pay on the selling price is there anything else I should be aware of or any tips or advice???
thanks in advance
KylieKylie
Not sure how much you are offering them but remember most lenders wont take a gifted deposit so the lvr they can obtain might be quite low i.e 80-90%. Other issue is that the buyers lender doesn’t value the property at your sale price given there is no real estate agent involved.
Again lenders only advance against purchase price or valuation whichever is the lower.
Cheers
Yours in Finance
0-40 properties in a decade. Ask me how.Richard Taylor | Australia's leading private lender
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