Would you sell now
Having lurked on this site for months and valueing the the opinions of a lot of posters I'm now registered because I need to ask your advice.
If you had a buyer for your property in Dubai, would you sell now or wait and hope the market improves. I've been offered 30% below the peak price but way more than I paid for it. I'm 99% sure I'll take the offer. I need to make a quick decision and any advice would be appreciated. Thanks |
Re: Would you sell now
take it before they change their minds
|
Re: Would you sell now
Originally Posted by whatname
(Post 7533406)
Having lurked on this site for months and valueing the the opinions of a lot of posters I'm now registered because I need to ask your advice.
If you had a buyer for your property in Dubai, would you sell now or wait and hope the market improves. I've been offered 30% below the peak price but way more than I paid for it. I'm 99% sure I'll take the offer. I need to make a quick decision and any advice would be appreciated. Thanks |
Re: Would you sell now
i'd take it... rent for a few months and buy something bigger for the same amount afterwards
|
Re: Would you sell now
Originally Posted by whatname
(Post 7533406)
Having lurked on this site for months and valueing the the opinions of a lot of posters I'm now registered because I need to ask your advice.
If you had a buyer for your property in Dubai, would you sell now or wait and hope the market improves. I've been offered 30% below the peak price but way more than I paid for it. I'm 99% sure I'll take the offer. I need to make a quick decision and any advice would be appreciated. Thanks |
Re: Would you sell now
Diablo, the peak was about 1345 psf and I have an offer of 891. I paid 327 psf. I want to accept as that way I don't have to worry about it dropping further and could clear the mortgage back home and still be laughing all the way to the bank. Just worried that there will be some miraculous recovery in the market and I'll be sorry I sold. Is that greed or just looking out for the welfare of my family.??
|
Re: Would you sell now
Originally Posted by whatname
(Post 7534553)
Diablo, the peak was about 1345 psf and I have an offer of 891. I paid 327 psf. I want to accept as that way I don't have to worry about it dropping further and could clear the mortgage back home and still be laughing all the way to the bank. Just worried that there will be some miraculous recovery in the market and I'll be sorry I sold. Is that greed or just looking out for the welfare of my family.??
|
Re: Would you sell now
No brainer,close the deal now.
|
Re: Would you sell now
I would have renamed the thread 'Could you sell now'.
You have a buyer on the hook in this market, you'd have to be a diablo to say no. I love some peoples optimism in this market. These are the same people that would be on the Titannic and say, don't worry, it's only a small iceberg.. |
Re: Would you sell now
Originally Posted by highlander393
(Post 7533587)
take it before they change their minds
|
Re: Would you sell now
I think you should sell...you have made a decent profit.
|
Re: Would you sell now
Originally Posted by whatname
(Post 7534553)
Diablo, the peak was about 1345 psf and I have an offer of 891. I paid 327 psf. I want to accept as that way I don't have to worry about it dropping further and could clear the mortgage back home and still be laughing all the way to the bank. Just worried that there will be some miraculous recovery in the market and I'll be sorry I sold. Is that greed or just looking out for the welfare of my family.??
Also, looking at your buying price - you can always rent it at AED 33/sqft which means it will always give you the money to pay the loan (providing that this is your only debt) which again means it will always pay itself. Why sell then. If you are going for a profit - sell it (you made it); if you are going for an investment to pay some of your retirement costs in the future leave it and continue paying your investment. I am investing for my retirement. |
Re: Would you sell now
Done deal and deposit cheque in hand. Nervously laughing all the way to the bank. No mortgage here and cash deal. Sweet:) Thanks for all your replies. Sending a virtual 'pint' to everybody in the house:beer:.
|
Re: Would you sell now
Originally Posted by whatname
(Post 7536123)
Done deal and deposit cheque in hand. Nervously laughing all the way to the bank. No mortgage here and cash deal. Sweet:) Thanks for all your replies. Sending a virtual 'pint' to everybody in the house:beer:.
|
Re: Would you sell now
Originally Posted by whatname
(Post 7533406)
If you had a buyer for your property in Dubai, would you sell now or wait and hope the market improves. I've been offered 30% below the peak price but way more than I paid for it. I'm 99% sure I'll take the offer. I need to make a quick decision and any advice would be appreciated. Thanks
|
All times are GMT. The time now is 3:55 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.