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Just a quick thought...

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Written by cateblack 4. Jun 2008 11:13 PM

I am faced with the idea of selling my house and finding out if I have enough to buy a new unit...
I said on Monday I will sell my house... I said to myself Monday night I won't sell my house... I said on Tuesday I will sell my house and so I organised a couple of real estate agents to give me a market price... one of the agents explained the process... but his price is not realistic for my area... he is from out of area... the other agent said your listed price is this if you want to negotiate or this if you do not want to negotiate... and the price was really low... so I need to get a couple of more agents to get a price... so now I don't want to sell...

a friend advised me to write down the costs of keeping my house and modifying it and the cost of selling my house and buying a unit and compare if I can actually afford to leave... maybe I can't ... but what costs are involved... she told me things i hadn't thought of ... and told me questions i completely forgot to ask... because when i get with someone I become a smiling nodding fool that says yes and ah!! and that is good etc... to anything... and forget to ask questions...

mental health nurse said i had done well by making a decision... but I keep changing my mind... she doesn't know I have changed my mind again... i think move and maybe my problems will go away... or maybe I will take them with me... then there is the problem of the stray cat and what happens to him if i leave... and what happens to Gus if I take the stray... he intimidates my Gus...

I do not know what to do... I am so confused... and so afraid...

what do i need to know to sell my house and buy a unit...

rgds
cate

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Comments from the community:

Cate

Don't know the area you are in in Brisbane but get lots of different agents to see what you can sell it for if you still want to sell - I am like you at the moment, on/off with selling as it is a big decision.

Your friend had a good idea, write the costs of the house and a unit and look around at units and get some ideas of prices - its a buyers market at the moment and be prepared to haggle with the buyer if you like something and the price is too high. You know your limit and that may be guided by the house sale, but you are in the market by having a house so what is the real reason you need to downgrade so to speak? Think about that as well? Do I really need to sell the house???

Go Cate!!!

Mrs Studying1

Written by studying1, 4. Jun 2008 11:19 PM

Hey Cate,

Please don't stress yourself about this, it is a big decision.

You're friend is right and there are considerations to make, the agents prices of buying and selling, stamp duty, bank fees, etc. Depending on what needs doing to your house, as to whether it is worth the cost of buying and selling. I don't know your area either, so not sure what homes are selling for right now.

I think Gus will be pleased if you move by the sound of it to get away from the stray who is harassing him.

Sorry Cate, i'm not much help am i.

Take care and like i said, don't stress yourself, you will make the decision that is right or you.

Luv Nouse

Written by Nouse, 5. Jun 2008 02:41 AM

20-30 thousand as you have to pay the Agent, plus your stamp duty, Solicitors fees new house, moving fees. Careful what you sign, if you agree to a contract it is a contract and you don't get to change your mind again. Best way to see market price is get a list of properties Sold in your area to see what they actually got, not what they were asking.

Written by maple, 5. Jun 2008 12:00 PM

I think that you need to allow 10% of the cost of your NEW place for fees - stamp duty, conveyancing etc. I'd say it would be more to sell because you have to add in the commission to the real estate agent.

Trust me on this, moving doesn't make your problems go away, it just relocates them. I'm finding this out somewhat the hard way. Just because the scenary changes, life doesn't (unfortunately).

At the moment because of the economy it is turning into a buyer's market. You may want to consult a financial planner about this as they will know more and will give you an unbiased idea of your situation.

Whatever you decide, I sincerely hope it will work out for you, you deserve things to start going right for you.

Good luck! Hugs.

Written by babz, 6. Jun 2008 05:45 PM

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