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Thread: To Sell or Not to Sell??

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    keeweegal's Avatar
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    Default To Sell or Not to Sell??

    Well, as most of you will know, we've had our house on the market for quite a while now & nothing is moving in Scotland (like most of the UK) at all. We've not even had a viewer for over 6 weeks now.

    Our dilemma is this. Do we leave as is ie. advertised on the web, signs up etc., or leave "officially" on the market but with no advertising which would hopefully enable us to possibly increase the price if we're still trying to sell when the market improves. Or take it completely off the market & try again in a year or so when the market picks up which would mean getting a HIP which we won't need if we leave on the market.

    We're sick of living in limbo & don't really expect to sell anytime soon but what if we took it off the market & missed a buyer?! Not really looking for advice, but any comments & opinions most welcome!

    Thanks for listening to my ramble!

    KG
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    Well it's not doing you any harm to keep it on the market and it isn't going to cost you any more to keep it on the market.

    However the down side of keeping it on the market is if people are watching and have seen how long it has been for sale they may be put off looking- they might think there must be something wrong with it if it has been up for so long.

    It's a difficult one really- have you spoken to your estate agent about it? How are other houses in the area doing etc. They might be able to advice you on what is best to do.
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    Thanks, Beth. Yeah, I worried that people might worry it had been on the market too long but everythings taking so long to sell, I don't think it matters much at the moment. Nothings selling here, in the 5 years we've lived in this area, I haven't seen places stay on the market for so long.

    Last time I spoke to the agent she didn't really know what to do either - she said she'd never seen it like this before. We've been through 3 agents so I don't think any of them know what to do!

    If we leave it on, I think we just need to change our mindset a bit & try to stop this living in limbo thing!
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    If you leave it on the market but just live as though it isn't happening and live your life as you would if you weren't planning the big move. You might be surprised what comes along when you least expect it.
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    Hey Sal,

    IMHO, I would leave it on the market - like you said, I'd be worried about missing a buyer if I took it off! Given the state of the housing market, I don't think it matters too much at the moment about how long it's been up for sale - I don't think it will put potential buyers off. You've got nothing to lose by leaving it as it is, but everything to gain

    The fact is, one way or another, you will be back in NZ at some point in the future, whether it be sooner or later. I know that's easy for me to say, as I'm already here but unless there is a way for you to get over here without your house selling, then it'll only be to your detriment to sit there and live in limbo, so try and just get on with life and enjoy your time there

    Apart from the usual ideas of dropping the price or including some extra chattels in the price or something, I can't think of any other ideas to get your house sold quicker, but like Beth said, if you try and stop thinking about it, something may well come along when you're least expecting it

    Chin up gal, you'll be here eventually and it'll still be sweet as

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    If you leave it on the market do you mean that you don't want it actively marketed but still want the signs up? Could you then increase the price if you wanted? This could lose you buyers. If you have it actively marketed will it cost you extra? The only downside of that as I see it is that you may find it difficult if you want to increase the price. With all that the government are rumoured to be possibly doing to kick start the housing market things will move - eventually.

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    Would it be of any benefit to rent it out until things hot up a bit in the housing market? You could earn a bit of dosh in the meantime and, when the time is right, contact an agent to put it on the market for you. You could pre-arrange this with a reliable agent before you leave so they are aware of your instructions.
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    No can do, MB - don't have enough equity - & we'd have to top up from NZ
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    Quote Originally Posted by keeweegal View Post
    Well, as most of you will know, we've had our house on the market for quite a while now & nothing is moving in Scotland (like most of the UK) at all. We've not even had a viewer for over 6 weeks now.

    Our dilemma is this. Do we leave as is ie. advertised on the web, signs up etc., or leave "officially" on the market but with no advertising which would hopefully enable us to possibly increase the price if we're still trying to sell when the market improves. Or take it completely off the market & try again in a year or so when the market picks up which would mean getting a HIP which we won't need if we leave on the market.

    We're sick of living in limbo & don't really expect to sell anytime soon but what if we took it off the market & missed a buyer?! Not really looking for advice, but any comments & opinions most welcome!

    Thanks for listening to my ramble!

    KG

    Hi, We have decided to rent our property until the UK market picks up. This will pay our mortgage and give us something over to subsidise our rental in NZ. Its not a good time to sell at the moment so why do it. You will benefit more by renting. Good luck.

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