Jump to content
House Price Crash Forum
Sign in to follow this  
Wurzel Of Highbridge

Get It On The Market Quick - Emigration Wowes

Recommended Posts

http://www.perthpoms.com/forum/renting-real-estate/15352-selling-house-uk-when-sell.html

Hi...we are moving to Perth after Xmas (in time for school to start Feb 2015) and we are tossing up on when we should sell our house.

Poster 1:

We tried to sell our house 6 months before we left the UK for Perth in December 2011, it didn't sell, so fortunately a very good friend of ours who was renting at the time agreed to rent it
Poster 2:
we are struggling selling ours, and worried it will push back our move
Poster 3:We left our house on market still trying to sell it, so we have rent here and mortgage back in England.
Poster 4:We had estate agents in to value our house for sale and also rental (the sale agent told off the us to rent vs sell and wait 2-3 years for the predicted boom in our area - which has already started).

Poster 5:

hi, I, I would recommend putting on the market ASAP. We have had 4 months of stress! We put ours up at the end of jan, sold within a week but then the buyers messed us around and we had to pull out. Since then we have had 3 silly offers, and lots of viewings. Know I sound negative but we have been messed around so much with buyers saying yes, love it, want it but can 't afford it!

I am expecting to see 'time on the market' shoot up now that the MMR bubble has popped.

Share this post


Link to post
Share on other sites

Poster 5:

hi, I, I would recommend putting on the market ASAP. We have had 4 months of stress! We put ours up at the end of jan, sold within a week but then the buyers messed us around and we had to pull out. Since then we have had 3 silly offers, and lots of viewings. Know I sound negative but we have been messed around so much with buyers saying yes, love it, want it but can 't afford it!

Yes, 3 'silly' offers! No doubt at what the buyers could actually afford! (the offers were probably still too high!)

Edited by renting til I die

Share this post


Link to post
Share on other sites

Yes, 3 'silly' offers! No doubt at what the buyers could actually afford! (the offers were probably still too high!)

Yes, no '3 silly offers and 1 good one'

If you only get 3 offers and they're all 'silly' thats probably, er, what the market will bear.

Share this post


Link to post
Share on other sites

'we have been messed around so much with buyers saying yes, love it, want it but can 't afford it!'

There's a clue in there somewhere.

Share this post


Link to post
Share on other sites
Guest

'we have been messed around so much with buyers saying yes, love it, want it but can 't afford it!'

There's a clue in there somewhere.

Um, no don't tell me.... ummmmm..... I know! It's that our house is so lovely it is out of most peoples' price range!

Share this post


Link to post
Share on other sites

Another thing to consider for emigrants is capital gains. I've seen a couple of people say they couldn't sell their house before they moved to Canada, so they rented it out, and can now sell it for about what they paid. But they moved when the Canadian dollar was at $1.6 and it's now closer to $2, so they make nothing in pounds, yet the Canadian government see that as a gain in Canadian dollars and want capital gains tax.

For example, house bought for 200k pounds, worth 150k when they emigrated at $1.6, sold for 200k at $2 = zero capital gain in the UK, but $160,000 capital gain in Canada.

Just another reason why the whole international landlord thing isn't a good idea.

Share this post


Link to post
Share on other sites

'we have been messed around so much with buyers saying yes, love it, want it but can 't afford it!'

There's a clue in there somewhere.

The clue is to take the silly offer from the one who can proceed to buy, then make a silly offer on the one you want to buy from someone that has to sell......works every time. ;)

Edited by winkie

Share this post


Link to post
Share on other sites

Another thing to consider for emigrants is capital gains. I've seen a couple of people say they couldn't sell their house before they moved to Canada, so they rented it out, and can now sell it for about what they paid. But they moved when the Canadian dollar was at $1.6 and it's now closer to $2, so they make nothing in pounds, yet the Canadian government see that as a gain in Canadian dollars and want capital gains tax.

For example, house bought for 200k pounds, worth 150k when they emigrated at $1.6, sold for 200k at $2 = zero capital gain in the UK, but $160,000 capital gain in Canada.

Just another reason why the whole international landlord thing isn't a good idea.

It's not quite that bad since they only care about the gain since you arrived in Canada, but the general point stands.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.