I have a DIP for a max of 250k. I have around 25k as deposit and would prefer a detached home.That just puts me at around 20k deposit and 5k for fees. So if i need to buy a 200k property I need to put 20k deposit plus 20k bid over the valuation. Banks only lend till valuation. So I need to bring another 20k on table to win an offer. looks like i will have to wait for another 2 years to raise that bid amount sadly. |