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  1. #1
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    Default WWYD? Help for a friend.

    Hi all!

    I'm after some advice for a very good friend of mine who feels really stuck at the moment. I'll keep it brief for now.. but my question is - what would/could you do with a house (empty) that you own - that no-one wants to buy or rent (but you obviously need to get rid of to move on in life) - and you have to pay rent elsewhere to live in a place where you work? Is there any options out there?? I have no idea. Please help!

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    Im sure someone would buy it for the right price?

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    Why can't it be sold or rented? As pp said there is a price but it just might be lower than she wants?

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    I'm curious. Why does nobody want to rent or buy it?

    Not even for a really cheap price?

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    Ok so the house (which is nice and very well kept) is in an area that was booming (think mining) and now isn't). The price is at a VERY low point. And still no-one will buy or rent because it's in a '****-hole' town.

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    I know this exact feeling. We left the house empty for 9 months and rented in our new location. Wasn't a lot of fun financially. Eventually sold the house for a loss after 12 months on the market.

    I guess it depends on how much you want to move on versus what you can afford.

    My parents house (in a very small regional town) has been on the market for about 5 years. while they would love to move on, they are not yet at the point of being willing to completely drop the price. Eventually the need to move will outweigh the finances and I guess they will sell for a loss as well.

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    Star Light  (15-05-2015)

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    It's sad but she's better off cutting her losses now and taking what she can get as it will keep losing her money in rates/insurance/mortgage and prices will just continue to drop , I've had to sell many houses in a falling market it just ends up costing more and they always regret not taking whatever they could get in the beginning

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    It's all well and good though to say 'cut your losses'. She would love to do that! But NO-ONE will buy or rent?? So what do you you do then? Vv

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    Quote Originally Posted by Star Light View Post
    It's all well and good though to say 'cut your losses'. She would love to do that! But NO-ONE will buy or rent?? So what do you you do then? Vv
    I guess she has to live in it or let it sit empty

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    Quote Originally Posted by Star Light View Post
    It's all well and good though to say 'cut your losses'. She would love to do that! But NO-ONE will buy or rent?? So what do you you do then? Vv
    Are any homes selling in the suburb?


 

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