CALL FOR TESTIMONIALS. Real estate crisis: have you taken out a bridging loan and are having difficulty reselling your property? Tell us

This type of loan, which allows you to buy a new home before selling the old one, is not without risks in this period of market slowdown.

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An apartment for sale, in Paris, September 21, 2023. (MAGALI COHEN / HANS LUCAS / AFP)

This is usually the solution to buying your future home without delay. With a bridging loan, a short-term loan that usually extends for one to two years, owners can benefit from a quick cash injection so they don’t miss out on a good deal while giving themselves time to sell their home or condo. However, in this period of slowdown in the real estate market, this option may turn out to be risky. There are fewer potential buyers and sellers are sometimes forced to sell their property in hopes of finding a buyer before the loan expires.

The editorial staff of franceinfo would like to give a voice to households that have taken out a bridging loan and are worried about the approaching deadline of this loan. What difficulties do you face when selling your previous home? Have you been forced to reduce the price of your property or are you thinking about it? Looking back, do you regret taking out a bridging loan?

If you are concerned, we are interested in your testimony and you can answer our questions in the form below. Your answers will be consulted by our journalists in the coming days. They will remain confidential and no disclosures about you will take place without your consent. Anonymity is also possible. Testimonies that catch our attention will lead to direct contact.

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