The valuation for our current place is out. Our 4A unit is valued at $310,000, and we’re asking for $20,000 above valuation. We’ve got several buyers interested, but we gave preference to our neighbour’s parents.
They paid up a $1,000 deposit this evening, and we’ve sealed the deal.
I didn’t want to drag this further as the impact of the economy will be felt very soon as more and more people get retrenched.
So, it looks like we should be able to complete the sale of our current place by early or mid April, and complete the sale of our new place by end April or early May, allowing us the benefit of not taking any bridging loan. Thank God.
If everything goes smoothly to plan, we should be able to begin renovation on our new place in mid April, and we should be able to move in to our new home by mid to end of May.