Just wondering if anyone on here has negotiated a significantly long settlement (12 months +/-) on a property before?
We have spotted a perfect block of land in the area we plan to move to in a few years and it is being marketed for what we believe to be a very good price, unfortunately though we don't currently have enough funds for a 15-20% deposit that would be required but servicing should be no problem for us (although my wife only just began working again so several more months of history would most likely be needed).
We would be happy to pay the asking price but would require a fair bit more time to raise the rest of the deposit needed and it's highly likely the block would sell before we were able to raise the funds.
Has anyone else been in this situation before and if so were you able to still buy the property somehow?
We have spotted a perfect block of land in the area we plan to move to in a few years and it is being marketed for what we believe to be a very good price, unfortunately though we don't currently have enough funds for a 15-20% deposit that would be required but servicing should be no problem for us (although my wife only just began working again so several more months of history would most likely be needed).
We would be happy to pay the asking price but would require a fair bit more time to raise the rest of the deposit needed and it's highly likely the block would sell before we were able to raise the funds.
Has anyone else been in this situation before and if so were you able to still buy the property somehow?
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