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rent out property for 6 months whilst selling or sell empty?

13

Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    PrettyKittyKat wrote: »
    If you have it marketed at £119,950 then an offer at £115 is fair and I would have bitten their hand off, especially when you say you don't want to sit on mortgage and council tax payments. I think you are being abit silly holding out for sch a small difference.


    When it kicks off (again) in the EZ there are going to be loads of people kicking themselves for not taking "cheeky" offers IMO.


    https://www.independent.co.uk/voices/italy-budget-crisis-brexit-eu-economics-public-services-giuseppe-conte-matteo-salvini-a8597466.html
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    LandyAndy wrote: »
    Sounds to me as if the OP is already a LL at the property that is for sale.

    If so, they could have made it clearer in their first post.

    Also looks like the previous tenants was smart enough to leave on their terms/timetable rather than get notice from a cake and eat it greedy landlord.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    logan5 wrote: »
    So you guys would sell your houses for less than they were valued at in 2007?
    What does the value in 2007 have to do with anything? I don't have a Tardis - if I'm selling now then it's at today's values.
  • logan5
    logan5 Posts: 24 Forumite
    Fifth Anniversary 10 Posts
    davidmcn wrote: »
    What does the value in 2007 have to do with anything? I don't have a Tardis - if I'm selling now then it's at today's values.

    Fair enough but haven’t values increased? I know other house have.
  • logan5
    logan5 Posts: 24 Forumite
    Fifth Anniversary 10 Posts
    Just checked home.co.uk and my post code says median 16% increase since 2007.
  • YoungBlueEyes
    YoungBlueEyes Posts: 5,171 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Photogenic
    logan5 wrote: »
    So you guys would sell your houses for less than they were valued at in 2007?.

    House prices don't always just increase....

    I'm in the process of buying myself a wee house. They were built around 12 years ago. A quick look on the RM listing under "view more properties sold nearby" shows literally all of them have made a loss. Since 2007 coincidentally.....
    Honesty is the best poverty.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    logan5 wrote: »
    Fair enough but haven’t values increased? I know other house have.

    Stop guessing and do some proper research on what people are buying rather than buying yours.

    A rightmove more than this analysis of SSTC and sold through prices in the area will give enough clues.

    Post your link and someone will do your legwork for you.
  • Red-Squirrel_2
    Red-Squirrel_2 Posts: 4,341 Forumite
    Accept the 115k offer.

    You want rid of the house, they want to buy it, it’s a reasonable offer less than 5% under asking price.

    Don’t cut your nose off to spite your face.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    logan5 wrote: »
    Just checked home.co.uk and my post code says median 16% increase since 2007.
    That won't be a figure specific to your postcode, it will be an average for all properties in a vast region. Yes, on average prices go up. That doesn't mean yours has.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    logan5 wrote: »
    Just checked home.co.uk and my post code says median 16% increase since 2007.


    That isn't for your street it is for the area covered by the first part of the postcode. That increase could be covered by places where prices are rising as well as your specific street where they appear to be falling.
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