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We're also in the same boat.
Our house has been on the market for 3 months now, and even though we've reduced it in price by 15k, we still can't find a buyer.
As we planned to rent for 6 months first in Oz, we figured as long as we could cover our mortage repayments in the UK, renting it out for 6 months, would be a viable option for us.
At least that way we would be in Oz and starting our new lives, rather than sitting here in the UK waiting for that buyer.
However, when we thought about it more, all sorts of doubts started to creep in. Mainly those posted by Kazz.
Also apart from that, what happens if after 6 months we lose our tenants and can't replace them.
We would then be in the boat of having to pay rent on a house in Oz and having to finance our mortgage in the UK. We also were afraid of our house being trashed. Especially when the agents only come to check on the property once every 6 months.
In the end, with everything taken into account, we decided the renting the house out option was just too risky for us, and possibly we had more to lose than to gain.
Not sure if this helps, but if like us your house is being used as your biggest source of cash injection to start your new life in Oz, please give it plenty of thought before renting it out to someone you don't know.
Debs x x
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