Whinging Pom House seller (The Continuation)
Oct 11th 2008 | 1:01 am
#2296
beach bum
Joined: Feb 2008
Posts: 1,995
From: Snowy Mountains, NSW
Re: Whinging Pom House seller (The Continuation)
Well I think its about time i joined this thread as I got some whinging I need to get out of my system.
Flights booked for 30/11, house been on the market for 3 weeks at 15% below June 08 valuation, not a sniff of interest as yet. Will be entitled to 6 months rent assist from employer in Oz so am tempted to sit out the 6 months and see if I can attract a buyer before making the decision to rent - whaddya think?
I really would like to sell rather than rent as dont want to be stuck with UK mortgage but if needs mean I must then I will. Eventually.
So my boxes have arrived from excess-baggage and the tip are trying to charge me for being a commercial enterprise as I have dumped that much rubbish with them - house looks like a bombs hit it so probably couldnt sell it even if I did get any viewers through the door. Maybe I'll invest in a cleaner for my last 7 weeks.
Oh - and I havent got my visa yet - hehe!
Flights booked for 30/11, house been on the market for 3 weeks at 15% below June 08 valuation, not a sniff of interest as yet. Will be entitled to 6 months rent assist from employer in Oz so am tempted to sit out the 6 months and see if I can attract a buyer before making the decision to rent - whaddya think?
I really would like to sell rather than rent as dont want to be stuck with UK mortgage but if needs mean I must then I will. Eventually.
So my boxes have arrived from excess-baggage and the tip are trying to charge me for being a commercial enterprise as I have dumped that much rubbish with them - house looks like a bombs hit it so probably couldnt sell it even if I did get any viewers through the door. Maybe I'll invest in a cleaner for my last 7 weeks.
Oh - and I havent got my visa yet - hehe!
Oct 11th 2008 | 2:49 am
#2297
BE Forum Addict
Joined: Aug 2007
Posts: 1,789
Re: Whinging Pom House seller (The Continuation)
Well I think its about time i joined this thread as I got some whinging I need to get out of my system.
Flights booked for 30/11, house been on the market for 3 weeks at 15% below June 08 valuation, not a sniff of interest as yet. Will be entitled to 6 months rent assist from employer in Oz so am tempted to sit out the 6 months and see if I can attract a buyer before making the decision to rent - whaddya think?
I really would like to sell rather than rent as dont want to be stuck with UK mortgage but if needs mean I must then I will. Eventually.
So my boxes have arrived from excess-baggage and the tip are trying to charge me for being a commercial enterprise as I have dumped that much rubbish with them - house looks like a bombs hit it so probably couldnt sell it even if I did get any viewers through the door. Maybe I'll invest in a cleaner for my last 7 weeks.
Oh - and I havent got my visa yet - hehe!
Flights booked for 30/11, house been on the market for 3 weeks at 15% below June 08 valuation, not a sniff of interest as yet. Will be entitled to 6 months rent assist from employer in Oz so am tempted to sit out the 6 months and see if I can attract a buyer before making the decision to rent - whaddya think?
I really would like to sell rather than rent as dont want to be stuck with UK mortgage but if needs mean I must then I will. Eventually.
So my boxes have arrived from excess-baggage and the tip are trying to charge me for being a commercial enterprise as I have dumped that much rubbish with them - house looks like a bombs hit it so probably couldnt sell it even if I did get any viewers through the door. Maybe I'll invest in a cleaner for my last 7 weeks.
Oh - and I havent got my visa yet - hehe!
Good luck with your sale too
Oct 11th 2008 | 4:45 am
#2298
Just Joined
Joined: May 2008
Posts: 24
Re: Whinging Pom House seller (The Continuation)
Ponyrama - good luck with whatever you decide to do. Renting out your place good prove a good move if you ever came back, but choose the letting agent carefully. Most of them are pretty rubbish, you need one you can trust; being a landlord can be a pain sometimes.
Fly Away - still no exchange?
I'm surprised. Have you heard from your buyer? Have you managed to find a rental place yet?
Sunflower7 - congratulations on your offer. Hope it goes through ok - and don't spend too much time on housepricecrash, some of the comments can be pretty strong! Take everything with a pinch of salt, some people just love to revel in others bad news.
Fly Away - still no exchange?
I'm surprised. Have you heard from your buyer? Have you managed to find a rental place yet?Sunflower7 - congratulations on your offer. Hope it goes through ok - and don't spend too much time on housepricecrash, some of the comments can be pretty strong! Take everything with a pinch of salt, some people just love to revel in others bad news.
Oct 11th 2008 | 5:00 am
#2299
beach bum
Joined: Feb 2008
Posts: 1,995
From: Snowy Mountains, NSW
Re: Whinging Pom House seller (The Continuation)
Thank you!
Yeh I have been warned off some in our local area already. Am I'm not really planning on coming back hence why I'd rather sell and I dont fancy me or my family in UK having the hassle of managing the rental agency to be honest. Oh well - what will be will be. One things for certain though - Christmas Day is on the beach for me!
Oct 12th 2008 | 5:38 am
#2300
Forum Regular
Joined: Jun 2008
Posts: 40
Re: Whinging Pom House seller (The Continuation)
mmmm difficult one. If there was a visa in your hand I'm assuming you would take the offer. If this is the case then its whether things can improve in the housing market in 12 months time?? its magic ball thing isn't it. Judging by what I've read and previous crashes, it could take a lot longer than 1 year. (housepricecrash.co.uk) Would you rent in the meantime? A lot depends on your personal circumstances. I never felt I had anything to gain by waiting. Besides I've been planning it for yrs.... 
This time last year I would have never had put my house on the market had only just applied for our visa. Now its the 1 thing I regret
We have lost 50k on our house since last year . But the market is crap at the mo so you have to go with it.
If you can afford to rent your house long term for the next 4 years I would do that if it was me. We couldn't afford to rent ours and will be leaving for Oz in 2 weeks knowing we will not be able to afford to buy a house out there.
Dont forget in Oz you MAY be intitled to rent assist. You can only make the choice if you wait til you get your visa the market may be at rock bottom or it may not but if it is you will have that visa burning a hole in your pocket and you may have to pay out fot a validation trip (not cheap).
Wish you loads of luck hun
We have lost 50k on our house since last year . But the market is crap at the mo so you have to go with it.If you can afford to rent your house long term for the next 4 years I would do that if it was me. We couldn't afford to rent ours and will be leaving for Oz in 2 weeks knowing we will not be able to afford to buy a house out there
.Dont forget in Oz you MAY be intitled to rent assist. You can only make the choice if you wait til you get your visa the market may be at rock bottom or it may not but if it is you will have that visa burning a hole in your pocket and you may have to pay out fot a validation trip (not cheap).
Wish you loads of luck hun
And here's hoping someone will soon create that magic ball
Oct 12th 2008 | 7:27 am
#2301
Forum Regular
Joined: Oct 2008
Posts: 123
From: Coventry
Re: Whinging Pom House seller (The Continuation)
Hi, just seen this thread, we're (OH and me) currently waiting on visa to come through, hopefully about March/April. We will be looking to sell our house too but want to wait till we have visa first. We only bought 18 months ago at totally the wrong time, just before the market went pear shaped, I'm hoping that when we do sell it will not be in negative equity:curse: , hopefully the market will have picked up a little bit by then, renting is not an option for us as we will need all the funds we have for setting up our new life in Australia. Lets hope it works out for all of us
Oct 12th 2008 | 9:23 am
#2302
BE Forum Addict
Joined: Aug 2007
Posts: 1,789
Re: Whinging Pom House seller (The Continuation)
Hi, just seen this thread, we're (OH and me) currently waiting on visa to come through, hopefully about March/April. We will be looking to sell our house too but want to wait till we have visa first. We only bought 18 months ago at totally the wrong time, just before the market went pear shaped, I'm hoping that when we do sell it will not be in negative equity:curse: , hopefully the market will have picked up a little bit by then, renting is not an option for us as we will need all the funds we have for setting up our new life in Australia. Lets hope it works out for all of us
Good luck with the house sale and welcome to the WPHS thread
Oct 12th 2008 | 10:42 pm
#2303
BE Forum Addict
Joined: Jul 2007
Posts: 2,949
From: Brisbane
Re: Whinging Pom House seller (The Continuation)
There seems to be a few offers floating about for everyone now! Fingers crossed for quick exchanges for all of us.
Our buyer came round Sunday to do the survey (he did it himself as he's a builder). I don't really know what they do on surveys but he made sure all the lights, radiators, and plug sockets worked. He had a look at our boiler and airing cupboard, measured a couple of windows and that was it!
He didn't say the place was falling down or anything so I'm assuming it was all ok. He did ask when we were going to Australia we told him the second we exchange!
Hoping we will get a date for exchange soon as there's no mortgage to wait for.
Our buyer came round Sunday to do the survey (he did it himself as he's a builder). I don't really know what they do on surveys but he made sure all the lights, radiators, and plug sockets worked. He had a look at our boiler and airing cupboard, measured a couple of windows and that was it!
He didn't say the place was falling down or anything so I'm assuming it was all ok. He did ask when we were going to Australia we told him the second we exchange!
Hoping we will get a date for exchange soon as there's no mortgage to wait for.
Oct 13th 2008 | 5:30 am
#2304
Just Joined
Joined: May 2008
Posts: 24
Re: Whinging Pom House seller (The Continuation)
Hope everything goes through ok after the survey.
I hope your honesty about going once exchanged is rewarded. Don't let that come back and bite you on the ass if it's used against you as leverage.
Fingers crossed all gos through ok.
I hope your honesty about going once exchanged is rewarded. Don't let that come back and bite you on the ass if it's used against you as leverage.
Fingers crossed all gos through ok.
Oct 13th 2008 | 11:50 pm
#2305
Just Joined
Joined: May 2008
Posts: 24
Re: Whinging Pom House seller (The Continuation)
Whoops! I should have typed "goes"! 
Oct 14th 2008 | 12:41 am
#2306
Forum Regular
Joined: Mar 2008
Posts: 38
Re: Whinging Pom House seller (The Continuation)
Thought this might be of interest
One week after the Reserve Bank cut interest rates a full percentage point, the Federal Government has trebled the first home owners grant for new homes.
The increase of the grant from $7,000 to $21,000 for newly-built homes is part of a $10.4 billion package to boost the Australia economy. The grant for first buyers of existing homes will rise to $14,000.
In announcing the measures today, Prime Minister Kevin Rudd said a healthy housing sector is crucial to the overall economy.
The Real Estate Buyers Agents Association says the move is a step in the right direction in getting families off the escalating rental list.
"This announcement, coupled with the recent reduction in interest rates, will go a long way towards underpinning the stability of the property market at a time when consumer confidence has been hard hit," says REBAA president Scott McGeever.
"Increasing the first home buyers grant will send a clear signal to the market and give thousands of first-home buyers the encouragement they need."
One week after the Reserve Bank cut interest rates a full percentage point, the Federal Government has trebled the first home owners grant for new homes.
The increase of the grant from $7,000 to $21,000 for newly-built homes is part of a $10.4 billion package to boost the Australia economy. The grant for first buyers of existing homes will rise to $14,000.
In announcing the measures today, Prime Minister Kevin Rudd said a healthy housing sector is crucial to the overall economy.
The Real Estate Buyers Agents Association says the move is a step in the right direction in getting families off the escalating rental list.
"This announcement, coupled with the recent reduction in interest rates, will go a long way towards underpinning the stability of the property market at a time when consumer confidence has been hard hit," says REBAA president Scott McGeever.
"Increasing the first home buyers grant will send a clear signal to the market and give thousands of first-home buyers the encouragement they need."
Oct 14th 2008 | 1:19 am
#2307
BE Forum Addict
Joined: Aug 2007
Posts: 1,789
Re: Whinging Pom House seller (The Continuation)
Thought this might be of interest
One week after the Reserve Bank cut interest rates a full percentage point, the Federal Government has trebled the first home owners grant for new homes.
The increase of the grant from $7,000 to $21,000 for newly-built homes is part of a $10.4 billion package to boost the Australia economy. The grant for first buyers of existing homes will rise to $14,000.
In announcing the measures today, Prime Minister Kevin Rudd said a healthy housing sector is crucial to the overall economy.
The Real Estate Buyers Agents Association says the move is a step in the right direction in getting families off the escalating rental list.
"This announcement, coupled with the recent reduction in interest rates, will go a long way towards underpinning the stability of the property market at a time when consumer confidence has been hard hit," says REBAA president Scott McGeever.
"Increasing the first home buyers grant will send a clear signal to the market and give thousands of first-home buyers the encouragement they need."
One week after the Reserve Bank cut interest rates a full percentage point, the Federal Government has trebled the first home owners grant for new homes.
The increase of the grant from $7,000 to $21,000 for newly-built homes is part of a $10.4 billion package to boost the Australia economy. The grant for first buyers of existing homes will rise to $14,000.
In announcing the measures today, Prime Minister Kevin Rudd said a healthy housing sector is crucial to the overall economy.
The Real Estate Buyers Agents Association says the move is a step in the right direction in getting families off the escalating rental list.
"This announcement, coupled with the recent reduction in interest rates, will go a long way towards underpinning the stability of the property market at a time when consumer confidence has been hard hit," says REBAA president Scott McGeever.
"Increasing the first home buyers grant will send a clear signal to the market and give thousands of first-home buyers the encouragement they need."
only wish I could buy I house when I get to oz, made to much of a loss on the houseHave news for all those that have money to transfer over to ozzie dollars AXIAFX will let you buy Ozzie dollars at a good rate. So if you have money coming from a house sale you can buy them in advance
with just 3% dep where moneycorp want to do it with 10% dep
Found the really helpful too
Oct 14th 2008 | 9:27 pm
#2308
BE Forum Addict
Joined: Jul 2007
Posts: 2,949
From: Brisbane
Re: Whinging Pom House seller (The Continuation)
Our buyer has pulled out...
Apparently some of the house's in our road are rented and some are ex housing authority... Why they felt the need to get all the way to instructing solicitors carrying out a survey without asking or finding out who the friggin' neighbours were I don't know :curse:
I feel so miserable now... I'm getting married in 2 days and this is the just the absolute last thing we needed.
Apparently some of the house's in our road are rented and some are ex housing authority... Why they felt the need to get all the way to instructing solicitors carrying out a survey without asking or finding out who the friggin' neighbours were I don't know :curse:
I feel so miserable now... I'm getting married in 2 days and this is the just the absolute last thing we needed.
Oct 14th 2008 | 10:13 pm
#2309
BE Forum Addict
Joined: Jul 2007
Posts: 2,949
From: Brisbane
Re: Whinging Pom House seller (The Continuation)
Oh... and just to add insult to injury... The solicitor drew up the contract yesterday (before they pulled out) and I've just received it in the post...
Can't wait to hear some positive news from people! Might restore some of my faith!
Can't wait to hear some positive news from people! Might restore some of my faith!
Oct 14th 2008 | 11:14 pm
#2310
Forum Regular
Joined: Jul 2008
Posts: 50
From: Benfleet to Sydney
Re: Whinging Pom House seller (The Continuation)
Our buyer has pulled out...
Apparently some of the house's in our road are rented and some are ex housing authority... Why they felt the need to get all the way to instructing solicitors carrying out a survey without asking or finding out who the friggin' neighbours were I don't know :curse:
I feel so miserable now... I'm getting married in 2 days and this is the just the absolute last thing we needed.
Apparently some of the house's in our road are rented and some are ex housing authority... Why they felt the need to get all the way to instructing solicitors carrying out a survey without asking or finding out who the friggin' neighbours were I don't know :curse:
I feel so miserable now... I'm getting married in 2 days and this is the just the absolute last thing we needed.
Then you can take stock and decide what to do. Our buyer pulled out after signing the contracts and I had so many emotions from disappointment to anger. As we are not likely to sell before Christmas now and the house prices are still falling we have decided to let, so we have spoken to 2 agents now and will be starting the ball rolling asap. Eventhough, it is not what we wanted to do as we wanted to buy in Oz and not rent, will still have to sell our house at some stage (possibly 2 years or more before the prices stabilize and start climbing again).
Do have a lovely Wedding Day and hopefully there is another buyer just around the corner that is just itching to get their hands on your house!!
Good luck
Pam
