Nearly a month since my last update and whilst there has been a lot of activity there has been no offers that have amounted to anything.
We received a reasonable and serious rental offer but after giving the matter some thought decided to reject it. The plan was always to sell this house and that isn't going to happen while somebody else is living in it. It was interesting that the opening rental offer was increased after a couple of weeks both in terms of duration and value as we kept rejecting it but I remain convinced we made the right decision at this time.
A couple of weeks ago I asked another agent to get involved and this seems to have made a difference. We have received another offer for close(ish) to the target price but the agent doubts they are serious. There seems to be a number of people at the moment who put offers on houses they have no intention (or no ability) to actually complete on. We continue to get a number of viewings and I remain confident that there will be positive news fairly soon.
2 comments:
Thanks for the update, it must be a bit dispiriting at present. Personally I'd keenly consider rental (i belive it is not unusual to be able to show viewers around a house towards the end of a tenancy)but admire your consistency.
I assume that the rental offer wasn't high enough to get someone willing to buy the freehold just for the value of the income.
The rental offer was for 8 months with 1 month notice thereafter. I think that an investor would be expecting a longer contract than that, I know I would.
Rental has been tempting but it remains a second best option. I think the house is lovely but it is not really a suitable rental style house. It is the sort of place somebody could fall in love with and make their own.
If I was interested in buy to let I think there are other properties I could buy that would be more suitable.I would also set them up differently financially ie getting a mortgage on each one rather than borrowing against the main house etc.
Post a Comment