Tag: how to sell your home

Data reveals the Australian cities where homeowners are selling at a loss | Housing

medah,

More Australian homeowners are selling up quickly but failing to make a profit in the process.

New CoreLogic data shows the portion of owners making a loss – after selling their home within two years of buying – rose to 9.7% in the June quarter, compared with 2.7% in the same period of 2022.

The median amount lost on the resale was $30,000.

“We are two years on from the height of pandemic-related lockdowns, low interest rates, and have just passed the peak of transitions from low fixed rates to high variable rates,” CoreLogic’s Eliza Owen said.

“The portion of

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Average time to sell a home in London ‘was twice that in Scotland in 2023’

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Homes in London took twice as long as properties in Scotland to sell on average last year, according to a website.

In 2023, the average sale took 34 days – from the property first being launched to the market to a sale being agreed, subject to contract – Zoopla said.

The average time to sell ranges from 20 days in Scotland to 40 days in London.

This difference primarily reflects housing affordability and

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Ontario woman says using ‘cash for houses’ company was costly mistake

medah,

Laurie Thompson admits she needed to sell her townhouse in Smithville, Ont., fast.

The pandemic had done a number on her finances — the bar where she worked had shut down, twice — and rising interest rates meant her monthly mortgage payments of $2,000 were going to almost double last January. Thompson was facing foreclosure.

“I was desperate,” she told Go Public.

Thompson had seen street signs and posters in his neighborhood — companies offering to pay quick cash for houses. She’d even received what appeared to be a hand-written flyer in the mail, advertising a hassle-free cash sale —

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