kellyjamie Posted May 4, 2011 Share Posted May 4, 2011 Hi all, So we,d hoped the house would be on the open market this weekend but cut a long story were having issues with our home report. The valuation is about £8k below what we were originally told before the actual report was done, and given that just now houses arent even going for the valuation unless the surveyor ups the value we cant sell just now. Also the surveyor has been an arsehole and has put the most ridiculous things in the survey such as missing ironmongery in the kitchen, which is wrong its a cupboard above the extractor fan which doesnt open!!!! So anyhow if this isnt sorted we will pull it from the estate agents, which only leaves us the option of renting, which we could do fairly easily. But all our money is in the house. We have to validate by march next year, so our plan b is this save like mad as much as we can until january then head out Feb for good with the house rented and what ever we have saved? We dont have jobs yet so i know the obviuos pit falls. Jamies going to book a course from here to do asap we arrive for his forklift licence to hopefully get work that way? weve just handed our car (58 plate vectra)back to the lease company and been given an old R reg volvo for free by jamies brother in law (mechanic) to drive around in for now so thats saving us £250 per month, plus were sitting down tonite and going to consolidate all debts and live off bread and milk till new year and hope we have a good stock? stupid stupid housing market!!!:arghh: what do you think? k x Link to comment Share on other sites More sharing options...
reddebz Posted May 4, 2011 Share Posted May 4, 2011 We are in the same boat regarding the house prices. We are expecting to take anything upto £10k less than what we were hoping to get - but the housing market isnt going to change here anytime soon so I think your right to rent it out if you can. We dont have that option as dont have the option of saving and all of our money is tied up in the house. Its frustrating but I keep thinking of that better life we are after! Link to comment Share on other sites More sharing options...
scarlett Posted May 4, 2011 Share Posted May 4, 2011 Hi, sorry can't offer you much advice on the home front but I know how you're feeling as we're in a similiar situation. If we sold our house (we hope to fly our late Dec) we would have very little equity so we have decided to rent it out, not to make a profit but just to pay the mortgage off for a year or two until we buy our own house in WA. Hopefully the housing market will have improved enough to come out with a little profit from the sale of the house. However, in doing this we have worked out we need to save around £10,000 between now and December- very tough going!!! We need £4000 for our container, flights for 3 of us and as our daughter will only be three we want to stopover somewhere for a few nights (so a short holiday). We have now come to terms with the fact our socialising and eating out has to stop, limited days out and no summer holiday this year. We are now looking at cancelling things such as pensions, tv packages and have already done things such as changing energy suppliers. We know it's tough and it's going to get even tougher but we just remind ourselves of the new life we have waiting for us in WA. Whatever you choose I hope it works out for you :cute: Link to comment Share on other sites More sharing options...
Malkitek Posted May 4, 2011 Share Posted May 4, 2011 Hi Kelly, We just got our home report today, and also less than we were led to believe. Also apparently we have an outdated fuse box! Another flat in the street has a home report saying they should have energy saving light bulbs! How ridiculous! We're waiting to see what estate agent says re. Price but fear we will need to put on below valuation to sell it! Was trying not to rent as worry it could be become a nightmare? Will do it rather than wait too long though! Good luck, Gill x Link to comment Share on other sites More sharing options...
terry & Melanie Posted May 4, 2011 Share Posted May 4, 2011 Hi Kelly, We did sell the house before we came out to Brisbane 8 months ago....the trouble is the equity from the home is stuck in a bank account in the UK. The exchange rate is soooo awful that we are just going to leave it there til it picks up (if ever!). I know we have had the security and backup of having the cash there if we needed it but we are sooo reluctant to bring it over and lose so much on the exchange rate. Melanie x Link to comment Share on other sites More sharing options...
Guest destinationoz Posted May 4, 2011 Share Posted May 4, 2011 Damn housing Market - couldn't sell ours for price we wanted so we've decided to rent it - moved out already and it's not that bad - got great tenants (we vetted them - try and do that yourself initially as it can ease your mind knowing who they are) and now our home just feels like a house - somewhere we can come back to in 4 - 5 years if we decided We've "done" Oz - if we decide to sell then - the value may not have risen greatly if at all but it shouldn't be lower either! It just gives options!! But see it as bricks and mortar not your home .... Been saving like crazy too - feeding 3 of us for the week on £15, basic Tv, no holidays, walking to work etc etc - getting used to living frugally now and the savings are getting higher You should be fine - just stick to it and remember it'll be worth it!! Good Luck Link to comment Share on other sites More sharing options...
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