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Yes, I will check with the agent how she valued our property.
KP, do I know you?I have been wondering too if the agent is just trying to get listing from me, but she has been selling properties around my area for top prices. She seems to have few overseas buyers on her book. Anyway I am quite firm with the selling price as I have mentioned to her and I am in no hurry to sell.
The going rental rate will be 800-900k. Few houses away is being rented for $1200/week but it’s nicer house. The house was sold early this year by the agent (her) to an overseas buyer for 1.2 mil which shocked people on my street.
I am cleaning the house. I didn’t realise how much I have collected over the year.I will rent from the buyer if it’s not too much.
By the way the price she quoted was 880k-950k with 920k being the market value. I personally don’t like selling my house with price range like that. I prefer to ask for a specific price like 950k.
Thanks again.
Yes, I think I will sell the house first while the market is still quite good. I am not sure if I can get close to 1 mil but low to mid 900k is good enough for me.
I will rent somewhere since I don’t want to pay $800-$900 a week rent that I will think it will cost me if I rent back from the buyer.
Thanks
I am looking for a house with similar price. Yes it is my principal place of residence. The question is whether it is a better strategy to put my house on the market while looking for a property and asking for a top end of the price.
If we get a top price then we sell it.
If we sell our house before we find another one then we hold on to the cash and can offer a future seller a cash offer and have room to negotitate. Another option is to have a huge bridging loan when we find another property.
I am guessing that my area is not going up much this year since it already have big increase.
Keeping this house as an investment property is out of question because the loan will be too large (close to 1 mil). Also I won’t be able to gear it. This is going to the biggest single financial transaction I am going to make by far.
