i promised hubby i'd ask this question. i've got my own ideas but will not disclose and sway anyone.
talking to my pm today - i thought the tenants in our ppor were on 12 month lease that didn't expire til end sept, so were going to issue vacate notice for end of lease.
turns out tenants are off lease so we have to issue 60 day notice, but tenants can give only 14 days notice if they find somewhere else in the meantime.
also means we can give them notice at any time to tenants, including now.
our reno is only a final clean off going on the market. the market in the immediate area is hot - listings aren't even making it past the internet before being sold. however, it is also chilly this time of year being mid winter.
probably looking at 49 day settlement if we sell - so no matter how we play it, we might end up with a vacant house for a month or so, or end up homeless for a couple of weeks if we can't negotiate a 60 day settlement.
that's cool ... but the question is should we list now while the market is hot, or should be list in another couple of months when the weather warms up and people are more inclined to move - and hope that the market remains bouyant?
the big unknown is the fallout for interest rate rises.
to give some background - we are in inner ring cbd newcastle, low to mid $800k's.
talking to my pm today - i thought the tenants in our ppor were on 12 month lease that didn't expire til end sept, so were going to issue vacate notice for end of lease.
turns out tenants are off lease so we have to issue 60 day notice, but tenants can give only 14 days notice if they find somewhere else in the meantime.
also means we can give them notice at any time to tenants, including now.
our reno is only a final clean off going on the market. the market in the immediate area is hot - listings aren't even making it past the internet before being sold. however, it is also chilly this time of year being mid winter.
probably looking at 49 day settlement if we sell - so no matter how we play it, we might end up with a vacant house for a month or so, or end up homeless for a couple of weeks if we can't negotiate a 60 day settlement.
that's cool ... but the question is should we list now while the market is hot, or should be list in another couple of months when the weather warms up and people are more inclined to move - and hope that the market remains bouyant?
the big unknown is the fallout for interest rate rises.
to give some background - we are in inner ring cbd newcastle, low to mid $800k's.