Debts are normal and many people are struggling with this problem. Australia and Australians are nothing different when compared to other people in the modern world. For people that have trouble finding the best way of getting out of this kind of problems, we suggest a couple of solutions.
First, there is the saving option. Saving money and cutting on expenses. If this is not working for you, you can try getting a special loan from a bank that will suit your needs. If this is also something that's not working for you, you might be interested in the sell and stay option. So how to sell and stay in Australia? Read on and learn more.
How to stay and sell in Australia is a great question. If you need a large amount of money but you don't like involving banks, this is an excellent choice. If you have a house or an apartment, then you can make the sell and stay deal. This is basically selling your place and renting it back immediately. When you find the best buyer and agree on the selling price, you make an agreement where you acknowledge the terms. One but very important part of them is your right to stay in the house or the apartment that you sold. Your buyer is not your landlord and you pay rent to them every month. The price something you should negotiate for just like you probably will for the sale of the place too.
So in a way, the sell and stay deal is just like a normal sale deal just with some additional advantages in your favor. Some of the best things are not moving out and wasting time to search for a new place to stay, and not spending any money on the moving too. Also, when you sell your property you no longer have the right and the obligation to pay tax for it. Taking care of the place is also something the new owner must worry about and your job is to close the debts you have and use the rest of the money for your needs.
People that make the sell and stay deal usually include a couple of standard important parts in it. The right to be the first offer when the place is back on the real estate market, and also very important, a fixed price and right to stay as a tenant for a specified amount of time. Some six months are usually enough, and after this period you and the new owner will talk again if the agreement will be extended.
As you can see, how to sell and stay in Australia is really easy to be answered and even easier to be put into practice. If things seem to complicated, you can always look for real estate agencies that will give you a licensed agent. Agents are professionals and know their job. They will make the deal look real easy and will also explain every detail that we might miss.