sold our house!!!
#16
Re: sold our house!!!
thanks jools can i ask how long before completion you started looking for a rental?? EA told us not to look just yet could take 12 weeks does this sound right?? There are only 3 of us in chain, us at top our buyers and their buyers are first time ones. Dont want to leave it until the week before to try and find one. x clare
Another reason not to commit to a rental too early is that a lot of house sales fall through. This has happened to lots of people on here, us included. We also had only 3 people in the chain and the one at the bottom was a first time buyer. But the couple buying our house pulled out four days before exchanging contracts because they were getting divorced instead!
In your shoes, I'd just put out some feelers for rentals: look what's available and find out how much agents want for deposits, how long the minimum rental period is. And let agents know that in around 3 months time you'll be needing a rental.
Gina
#18
South Yarra Sheila
Joined: Apr 2007
Posts: 1,078
Re: sold our house!!!
thanks jools can i ask how long before completion you started looking for a rental?? EA told us not to look just yet could take 12 weeks does this sound right?? There are only 3 of us in chain, us at top our buyers and their buyers are first time ones. Dont want to leave it until the week before to try and find one. x clare
Most tenants have to give between 1 & 2 months notice to end a tenancy so you should really start looking minimum of a month to 6 weeks before completion or there may not be anything left in your time bracket.
12 weeks sounds about average for the sale to go thru unless solicitors really pull their fingers out (and having bought and sold 3 times in past 9 years this is unlikely!)
Jools
#19
Re: sold our house!!!
thanks guys x. Hope it doesnt fall through trying not to think that way though lol. Will just have a little nosey in the tinernet for ideas and start getting rid of rubbish that we dont need x
#20
South Yarra Sheila
Joined: Apr 2007
Posts: 1,078
Re: sold our house!!!
ps A tip:-you will need to put down a weeks rent as holding deposit to secure a rental so try and leave a month between exchange and completion.
you can then go out looking & hopefully find a potential rental just before exchange & put down your deposit just after exchange. That way you will be more sure that the sale is going to complete and thus not worry about a fall through, cancelling rental and thus losing deposit.
you can then go out looking & hopefully find a potential rental just before exchange & put down your deposit just after exchange. That way you will be more sure that the sale is going to complete and thus not worry about a fall through, cancelling rental and thus losing deposit.