Dicko

Hi there Everyone knows the saga of house sales, well we have had enough now.

I am going to let the forum help us out on this one:

We have an offer of 8k less than the asking price, shall we take it or leave it,

Our position is we have our visa in place, need to validate by May and the buyers have the mortgage in place and no chain.

Come on the choice is yours vote on it and please give your reasons?

Cheers
Dicko

Hutch

Take the money. Your schedule is against you and is it worth the possiblity of screwing up your plans for eight grand? Weigh it all up against the life-change you're about to go through, put it down to 'one of those things' and get your collective arses on a plane

sophia

hi dicko...

ooooooooo you're brave, letting us lot decide for you!!! LOL

I would say that you need to decide whether you can do without $20k (£8k roughly converted), considering your circumstances....what about validating and just one of you coming back to do the house sale and the other setting up down under? I'm presuming you're thinking of renting over here until you get a feel for the areas around you??

Wow so many factors to consider!!! I guess the big one is the money...can you do without the extra $20k this side?

Good luck with your decision!

love sophia xx

debsy

Take the money and run

You could have to wait ages for another buyer and then you will have to validate which will probably cost you 8 grand

TheRossers

What price do you put on living the dream! I'd take it and when sat on the beach watching the sun go down, with a stubby in your hand reflect on how lucky the people who bought it were but nowhere near as lucky as you!!!

Good on yer mate.

binbird

I am sure if you look at it in terms of percentages it will probably look a better offer than looking at in pure money terms.

You wouldn't see me for dust!

Grab it and get on with it!

AND MORE IMPORTANTLY - HOPE THE SALE GOES THROUGH WITHOUT ANY HITCHES....... GOOD LUCK

Binbird

JackTheLad

We accepted 5K less on our house in the UK, cos we bought a house here for $15K less than the asking price, so it cancelled each win/loss out. Its not worth putting your plans on hold for, there are so many factors, exchange rate, UK house market, OZ house market. You just can't time it, take the plunge and take the price/rates at the time.

Good Luck,
JTL

DagBoy

That rather depends on the asking price and the amount of equity you will be left with.
Asking price 108k, mortgage 100k leaves you with bugger all
Asking price 500k, mortgage 150k leaves you with 342 instead of 350 - so what sort of percentage of your settling in to Aus kitty is 8k?

If you can afford to do without the $20k (and let's face it, it is only money) then take the (rest of the) money and run.

Cheers,

DagBoy

Merlot

A bird in the hand is worth two in the bush!

Don't look a gift horse in the mouth!

I could go on, go with your gut feel but I would say sell, what happens if this "famous" property crash happens (as discussed on "Moving Home Forum"???? You may get even less or no buyers???? You have to take a risk.

Best of luck
Merlot

Dicko

A Few good points, but basically our situation is, we are hoping land in Oz with about £25k but the extra 8k may come in handy, but as I keep saying to the missus it will cost us the best part of 5k to go on holiday to validate.

I think the missus just hates the thought of the cheeky gets, buying the house, getting one over on us.
I am more of the thought as it is a business decision, but she takes it personally.

Keep them votes coming but I think I can guess what the winner will be

RogerUK

We have accepted £12500 less than asking price and are in a very similar position to you re validation. Roll on exchange of contracts when we can relax. Represents 6% reduction in price which is about average, but it is not about money really as house prices are a lot less in Oz and I believe their house market is in a similar state to ours, so bargains are there to be had. Good luck with your decision, ours is made and we fly out early April!
Roger

RockHopper

Remember that the past few months are not the best time of the year to sell a house, the next few weeks are when the market is meant to pick up, thats what our estate agent has told us. If you can do without the extra 8K and it takes away all the stress it may be worth considering the offer. If you have no problem getting to sleep at nights I would hang out another month. Good Luck

jskogsta

Another thing to think about is potentially the cost you will have on the house in the UK empty. Not sure if you have morgage costs .. other costs etc. That could easily run up some £'s. All in all I think I would take it ..



/Jørgen

Chalkfarm

Take the money..............Good luck

moneypenny20

In theory the estate agents are working for you Ask them what the market is like in your neighbourhood, What is the general reduction happening, do they think there is another few grand in the purchasers pockets etc. If they really think that is the best you will get, go with it.