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From: Giovanni T
I need some advice from those who have gone before me...
My wife and I owe $167k on our house. The agent says its worth $240k - $260k (which I know they do to get business). We also have $25k of other loans. The best we have been offered for our home is $220k. Which would more than cover everything and give us money to invest.
The house is built from New, 10 - 15 mins from Adelaide CBD and is better fitted and finished than those around.. ie. 9 foot ceilings, solid jarrah floor, stainless steel appliances in Kitchen, Ducted reverse cycle AC.
We have worked out that renting will free up a lot of cash flow for us if we were to sell.
Another thing we have to think about is that we haven't completed the fences or lawn as it is a brand new house only 7 months lived in. It will take another $5k to complete these and we would obviously need to recoup that. We think the house might get more or perhaps just sell quicker if we finished it.
I would love your thoughts...
Giovanni
I need some advice from those who have gone before me...
My wife and I owe $167k on our house. The agent says its worth $240k - $260k (which I know they do to get business). We also have $25k of other loans. The best we have been offered for our home is $220k. Which would more than cover everything and give us money to invest.
The house is built from New, 10 - 15 mins from Adelaide CBD and is better fitted and finished than those around.. ie. 9 foot ceilings, solid jarrah floor, stainless steel appliances in Kitchen, Ducted reverse cycle AC.
We have worked out that renting will free up a lot of cash flow for us if we were to sell.
Another thing we have to think about is that we haven't completed the fences or lawn as it is a brand new house only 7 months lived in. It will take another $5k to complete these and we would obviously need to recoup that. We think the house might get more or perhaps just sell quicker if we finished it.
I would love your thoughts...
Giovanni
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