Ok this is a new one for me.
Buying a PPOR, settlement date is 8th of July. Vendor needs to settle at least 4 weeks earlier due to going into retirement home and they wont hold for her. They have now advised her that the home is now ready for her to move in, but she needs the cash from the house for the retirement home.
She is going to get a discount from retirement home if she can settle much earlier, but not told what discount, and the vendor was going to pass the discount onto me to settle earlier.
So i have been asked if i would settle earlier on my contract. My baby is due on the 31st of May, Im a single mum and have a loan approved, but all this would need to go back through the bank again being a earlier settlement date, and this is why i wanted to wait for 6 weeks afterwards, to reduce stress and what not.
But alas, if i do decide to settle earlier, say by 4 weeks, how much of a discount should i ask off the contract price?
I have 2 extra interest repayments in that period, council rates = $1500 and 2 of my pays i was using as extra savings.
I have no idea, what i should ask for... anything from 5K to 10K was my ball park figure... but figured i would ask here.
Buying a PPOR, settlement date is 8th of July. Vendor needs to settle at least 4 weeks earlier due to going into retirement home and they wont hold for her. They have now advised her that the home is now ready for her to move in, but she needs the cash from the house for the retirement home.
She is going to get a discount from retirement home if she can settle much earlier, but not told what discount, and the vendor was going to pass the discount onto me to settle earlier.
So i have been asked if i would settle earlier on my contract. My baby is due on the 31st of May, Im a single mum and have a loan approved, but all this would need to go back through the bank again being a earlier settlement date, and this is why i wanted to wait for 6 weeks afterwards, to reduce stress and what not.
But alas, if i do decide to settle earlier, say by 4 weeks, how much of a discount should i ask off the contract price?
I have 2 extra interest repayments in that period, council rates = $1500 and 2 of my pays i was using as extra savings.
I have no idea, what i should ask for... anything from 5K to 10K was my ball park figure... but figured i would ask here.