Downsizing in Australia - Stewart & Jethro Reed | Page 55

Dean Lupson

Dean Lupson

in searching for the right property to purchase . Also depending on which state you live in , a release of the deposit may be available so you , as the vendor , can use the funds to place a deposit on your new home . The 12-month settlement option also allows the downsizer to know where to set their budget when looking to purchase . Knowing exactly what your final sale price is — your net profit after fees — gives you a clear indication of how much you can spend when purchasing .

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