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Posts Tagged ‘New House’

Can we sell the new house which is still under construction before closing?

February 14th, 2008 6 comments
Angela L asked:


We bought a house from the builder and paid the deposit and upgrade fees a year ago. The house will be ready in 6 months. We change our mind and want to sell that house. Can we sell it before the closing?

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How long to sell house after buying new one?

February 8th, 2008 3 comments
Jesq asked:


I have purchased a new house and will be moving in a month. I have lived in my current primary residence for 5 years. This house is not ready to sell so the question is how long do I have to fix it up and move it on before capital gains tax is an issue?

Also would having my child live in the house while fixing it be an issue? we are willing to consider any arrangement as money is not currently my main concern so rent/board/stay without cost are all ok. The least complex solution is preferable.

Thanks for any help, this is the first house I have sold.
I am in Australia
Just adding, my son is currently studying so will not be able to make the move for another 6 to 12 months. Staying in our current house isnt essential after a certain time however I am not ready to sell this house yet as it requires some work.

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