Because I didn’t anticipate such a time delay on the one I’m buying - only became aware of this recently when trying to set a closing date that could happen reasonably close to my sale (a month or so at most). Had previously worked out both to coincide but now the added delay makes the sale more precarious since I’ll be out of the market altogether on a still uncertain timeline.Why on earth did you agree to sell your house?
If you don't need to sell your house, you should have bought the new house first and then put your own on the market.
It's not fair to pull out of the sale of yours as the buyers have plans around it.
So go ahead with the sale and rent somewhere for the period.
Brendan
If people are getting 20k per month for houses in the 1-1.5m bracket can you let me know where this is and I'll buy one!Yes I think you’ve hit the nail on the head. Short term rental costs are utterly exorbitant though, which will eat into my sale proceeds and I still don’t know for how long. Both houses in the 1m - 1.5m mark. The disaster lies in that I went sale agreed on mine too quickly and far too early as it turns out, but I hadn’t anticipated such a long time lag between selling and buying and that’s the crux of it really.
All any short term rentals I’ve been trying to get are 5/6k per week and difficult to secure even at those prices. The rental market is bananas.If people are getting 20k per month for houses in the 1-1.5m bracket can you let me know where this is and I'll buy one!
A 1.5m house is normally 6-8k per month to rent, it would make more sense to take one on a 6 month lease at those prices rather than 20k per month on a monthly let
That's why I'm saying take a 6 month let it won't cost you any more and it gives you time.All any short term rentals I’ve been trying to get are 5/6k per week and difficult to secure even at those prices. The rental market is bananas.
More than inconvenient at 20k pm tho? 4 months rent alone would be equivalent to a 10 percent price drop. Main risk I’m taking by not selling now is that I might not be able to sell at all in 3/4 months time but that seems highly unlikely too.This is mad and confused thinking.
You have a contract to buy. Exchanged. Legally binding. You will not be out of the market.
You might be out of a home for three months. That is very different. That is inconvenient but not risky.
Brendan
That does seem a bit mental to me. Our house is worth about that. It has never been up for rent, nor do we have any real interest in doing so. But if someone knocked on our door and offered us €60k for a 3 month rental, I’d be asking what time they like their breakfast served at.All any short term rentals I’ve been trying to get are 5/6k per week and difficult to secure even at those prices. The rental market is bananas
More than inconvenient at 20k pm tho?
Ha! Nothing at all to do with snobbery. I was only looking at short term because the area I need has min 12 month leases for regular rentals and even then there’s next to nothing available. I’m restricted to that area purely because of proximity to school and work and don’t want to uproot my family for any longer than necessary in the middle of a property crisis. What will be will be I suppose!Ah, I had not realised that you needed to rent Leinster House during that period.
Do you think that you would be able to slum it on Wellington Road for €5k a month?
Brendan
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