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Tactics In a Fast Moving Housing Market
Comments
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lessonlearned wrote: »There is a danger with going into rental in a red hot market. If prices run away you could get left behind, especially if you have to commit to a 6 month lease.
Very true.
Given how critical the housing shortage is these days, coming off the ladder even for 6 months can be very risky.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
That precise thought had already crossed my mind. It's one of the reasons I had originally not entertained the thought. The other reason being that we have moved three times already in the last four years as we previously let our property out.
On a desperate note, how long do you think is reasonable for a vendor to be given to find a property once they have accepted an offer?
Thanks,
Mark0 -
Also worth considering that if you had an offer in 3 days, but now can't find anything yourself, you may well have 'sold' it too cheaply in the current rising market.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Hamish,
I did my homework in regards to price which was made easier by having another similar property on the market from the same development. The thought still crossed my mind though ..0
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