Are banks lending yet?

By mistee3 at 23:16, Sat April 21 2012, in Buying or selling - 11 responses

Great to hear u have moved and have established urself in new zealand..well done!! ok hers my story we moved to Oz in 2008 rented out our property in Wicklow town had tenants(that destroyed the place) had to have it re painted. fumigated floors redone and it was just renoed b4 we left..but we got great rent 1100 a month for the duration of 2.5 yrs..so all good there as we have or shld I say had no mortgage...they moved out last JUne and we were in your position do we sell or not sell..so it was a no brainer as interest rates here give a return of 6.5%..well w eput it on the market last August some viewings maybe 5 a month but alas no buyers by xmas we were getting worried..we had a few ridiculous offers tht we refused(very scared at the tme in case we wwere kidding ourselves and missing out on the only offers!!!!! but we stuck to our guns and the week b4 xmas we had 6 viewings and they havent stopped since there are a lot more buyers out there since xmas..45 houses have been sold in wicklow town since then and stock there is steadily going down well 6 this week alone I watch very closely dont know ur area too well tho...i hear a lot of talk here from Irish expats looking to put there money into property there now and they have the funds we had 2 irish mining guys look at ur house with the cash to buy.....well the good news is we sold 2 week ago and at only 5000 less tahn the asking price woopww now we can truly move on...there are buyers out there but u need to do ur research and make sure ur asking price is reasonable andmaybe a litle below what a similiar house in ur area would go for goodluck......but the market has definitely bottomed in many areas..my mums area a house goes on the market and is gone in a few weeks..also prices there seem to be creeping a little bit up...south county dublin tho so u cant compare to there..well long post iwish u well but now as good a time as any take care x
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