ASK259: My house isn’t selling – should I cut the price? PLUS: Will cladding issues affect my remortgage?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 27 October 2020
⏱️ 7 minutes
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:07.0 | Welcome to Ask Rob and Rob. The show that has never been called the fourth emergency service for property investors but maybe |
| 0:13.0 | should be today we are helping out Pauline and Jeremy with issues around |
| 0:17.4 | selling and remorgaging so we'll hear those questions and those answers in |
| 0:21.6 | just a sec but first if you've got a question of your |
| 0:24.0 | own here's how to send it our way. It remains very easy you can call in on |
| 0:28.0 | oh-one-3-808-O-35 where you can leave us a voicemail or you can go straight to our website |
| 0:35.5 | Property Hub.net forward slash ask click on a little button there and leave your |
| 0:40.2 | question super simple and if you get it wrong don't worry you can re-record and then you'll be played on the podcast, become |
| 0:46.3 | Popclass famous, just like Pauline. |
| 0:48.6 | Hi Robin Rob, this is Pauline calling you from Gothenburg in Sweden. I have a property in the UK which we |
| 0:55.9 | purchased five or six years ago which we thought would be our forever family home. It's in rural |
| 1:01.7 | Scotland and it's a beautiful house but it's not really in an area that |
| 1:05.8 | is great for rentals and it also doesn't see a lot of demand in terms of purchasing. |
| 1:11.1 | Our house has been on the market since before lockdown, well during |
| 1:14.5 | lockdown but it's not selling. So my question is, our agent has suggested that we turn |
| 1:19.3 | it into a rental, but I have four other rentals in a different area of Scotland in Central Scotland and the fundamentals are there. |
| 1:26.0 | In the area where our houses, the fundamentals aren't really there for renting, but it's not selling. |
| 1:32.0 | So the question is, do I drastically slash the prices, take a loss and walk away, |
| 1:38.0 | or do I hold it, rent it out and pray that market conditions will improve in the next year or two. |
| 1:45.2 | Any advice would be appreciated. |
| 1:46.8 | Thank you very much. |
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