Buying & Selling A House At The Same Time | How To Juggle Simultaneous Settlements in 2024

[@maciekronowski9734]

But.... the old house has to be vacated at the time of simultaneous settlement and the key to the new house is available at the same time. No space for moving house allowed in such a plan. I'm planning to sell with 90 days completion so I can use that time to find a new place and rent it from the current owners for a few weeks before the new settlement to be able to move in. Feels much safer. Cheers

[@MortgageBrokerAustralia]

Thanks for sharing Maciek, that's a great point and appreciate you sharing.

[@SIlIkO111]

Instead of using your profit made selling your previous home can you put that deposit into the loan as in use credit card for it and make the renter pay that off? So you don’t touch your own money

[@MortgageBrokerAustralia]

Would be best to use the profit toward the next purchase rather than a credit card.