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biometrics

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Joined
Oct 17, 2019
Messages
20,423
@biometrics
Plan A was to sell here and use the proceeds plus a bond to buy in Cape Town. Our buyers bank wanted a deposit which they didn't have and since the two sales are linked the deal collapsed. House still in the market but there's been a rapid cooling down due to the interest rate increases.

Plan B is to pay off this house and rent it out. Salary plus rent maximum qualification is less than plan A.
 

satanboy

Well-Known Member
Joined
Mar 4, 2020
Messages
20,597
Location
Batcave
Plan A was to sell here and use the proceeds plus a bond to buy in Cape Town. Our buyers bank wanted a deposit which they didn't have and since the two sales are linked the deal collapsed. House still in the market but there's been a rapid cooling down due to the interest rate increases.

Plan B is to pay off this house and rent it out. Salary plus rent maximum qualification is less than plan A.
Renting = added stress
 
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