u/JKNoir

Hi,

My wife and I are about to sell our house and are in the process of getting it ready for sale. We still need to completely repaint the outside and 3 rooms inside. The unpainted parts are quite old/rough looking.

We need to sell this house asap as we just purchased another one under bridging finance (final approval TBA, settlement 45 days away).

As part of the bridging finance application they came and valued our current house but informed us it had to be valued in its current state unpainted.

Their valuation came back 50k lower than we are targeting selling the house for (based on advice from our real estate who is a friend that we trust). Should we be worried here or is it normal that the difference between a painted and unpainted house would be ~50k?

Hi all. My wife and I live in Brisbane and are currently going through the nerve wracking experience of trying to buy a new PPOR while selling our current one. It is our only home and we don't have any IPs.

As such to do this we need to go onto bridging finance which will be hectic (9% of peak debt) but provided we aren't on it for more than 6 months (ideally 1 or 2) the numbers are tight but work.

We have signed a contract on the new house and are currently prepping our current place for sale.

Just wanted to hear if other people had stories of doing similar and how it worked out? Given the current state of things I'm starting to stress a bit that it will take longer than 2 months to sell our current place and we'll end up in a pretty tight situation.