Hi everyone, I'd like some opinions on the following. If you had a fairly run-down house near the university in Chch, and you intended to sell it, do you think it would be better to put in on the market in Sept/Oct this year or next year? (The house currently is rented to uni students so the question is whether or not to renew their lease or just to sell it now). I realise that no one has a crystal ball about interest rates, the market etc.
I'm just wondering whether there will be more red-zoners on the move next year than now (how many have been paid out so far?), and whether there are likely to be more investors looking then than now (because the house may well be bought by an investor to use as a student rental).
So:
1) Would you sell now or at this next year?
2) Would you sell through auction or not? (We had a real estate guy say straight away that he'd recommend taking the property to auction)
I'm just wondering whether there will be more red-zoners on the move next year than now (how many have been paid out so far?), and whether there are likely to be more investors looking then than now (because the house may well be bought by an investor to use as a student rental).
So:
1) Would you sell now or at this next year?
2) Would you sell through auction or not? (We had a real estate guy say straight away that he'd recommend taking the property to auction)
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