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June 18 Update This Morning Tracey had a telephone interview with the Women and Children's Hospital in Adelaide. After being on the phone with them for 40 minutes or so they offered her a job.
During the week we met up with a couple of investors that seem keen to take the house off of our hands to rent out. The plan is they will give us money upfront to pay for the move for us and our stuff and it will also give us cash to survive for a few months so we can get settled. They will take on the mortgage and rent the house out. In 3 to 4 years time when the house market improves they will buy the house off of us at the sum agreed today. They will pay the balance of the mortgage and forward us the remainder minus the initial advance.
Its not ideal but with the present house market its the best deal we are going to get. We have had offers on the house but only of about 60% of the value. We wouldn't even be able to pay the mortgage off for that, let alone get ourselves to Adelaide!!!
We are just waiting now while they test the rental market around here to say yes or no. |
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