No deposit house sale, with 5 years to settle
I am selling my house . its a 4 bedroom , 2 bathroom home in woolston . Its on trademe as listing number 1499031099.
10 steam wharf lane .
So here the deal I am thinking of.
The house has a registered valuation of $420k and a purchaser could make an offer of that value of $420k and settle the sale in 5 years.
I would want the prospective owner to sign a lease for that 5 years . Then after the five 5 years they need to get themselves a mortgage (say with kiwi saver deposit?) and settle up for the house .
There would be some other conditions as well. But the important understanding is this is not a rent to own scheme. You are not paying extra rent to build up a deposit , but you will be paying a premium rent.
You dont need a deposit in this deal. You will need to come up with the 420k in 5 years or something else acceptable to me at that time.
I expect the deal would best suit young people just starting out who need a house now but wont have a deposit (but should have one in say 5 years )
The purchaser gets to lock the price in now , and pay that price in 5 years.
The house is going up at 3.5% a year and will be worth in the order of $500K in 5 years , but the price will be $420k.
The canny will have already realised that they could buy and sell the house and make $80K
get in touch if you want more details. At his time I have not worrked all this thru and would be ahppy to talk about the idea with any interested party.
cheers
les
les.colins@xtra.co.nz
Best way to use leftovers?
I'm sure you've got some excess ham at home or cold roast potatoes.
What are some of your favourite ways to use leftover food from Christmas day? Share below.
⚠️ DOGS DIE IN HOT CARS. If you love them, don't leave them. ⚠️
It's a message we share time and time again, and this year, we're calling on you to help us spread that message further.
Did you know that calls to SPCA about dogs left inside hot cars made up a whopping 11% of all welfare calls last summer? This is a completely preventable issue, and one which is causing hundreds of dogs (often loved pets) to suffer.
Here are some quick facts to share with the dog owners in your life:
👉 The temperature inside a car can heat to over 50°C in less than 15 minutes.
👉 Parking in the shade and cracking windows does little to help on a warm day. Dogs rely on panting to keep cool, which they can't do in a hot car.
👉 This puts dogs at a high risk of heatstroke - a serious condition for dogs, with a mortality rate between 39%-50%.
👉 It is an offence under the Animal Welfare Act to leave a dog in a hot vehicle if they are showing signs of heat stress. You can be fined, and prosecuted.
SPCA has created downloadable resources to help you spread the message even further. Posters, a flyer, and a social media tile can be downloaded from our website here: www.spca.nz...
We encourage you to use these - and ask your local businesses to display the posters if they can. Flyers can be kept in your car and handed out as needed.
This is a community problem, and one we cannot solve alone. Help us to prevent more tragedies this summer by sharing this post.
On behalf of the animals - thank you ❤️
Poll: Would you rather: Christmas in summer forever or winter forever?
Just a bit of a fun poll to get you thinking.
If you had to live out your Christmas days, would you prefer it was a summer Christmas or a winter Christmas?
-
62% Summer
-
36.5% Winter
-
1.5% Other - I'll share below
Loading…
