House Price Change, Where To Sell?

[deliajen]

if you want my advice,i would hold onto the house,you have tenants so you have an income unless the rent isn't covering the mortgage then wait until the market bounces,anyway the domains you flip youre loaded......

mark

[retired_member6]

Originally Posted by deliajen

if you want my advice,i would hold onto the house,you have tenants so you have an income unless the rent isn't covering the mortgage then wait until the market bounces,anyway the domains you flip youre loaded......

mark

I want to buy a house to live in and a car, I need to move on with my life.

[Sean]

Originally Posted by deliajen

if you want my advice,i would hold onto the house,you have tenants so you have an income unless the rent isn't covering the mortgage then wait until the market bounces,anyway the domains you flip youre loaded......

mark

The housing market has a long way to go before it bounces, don't forget we're currently enjoying the lowest interest rates since the 17th century and as a result the government can't sell bonds to service its borrowing which is going through the roof. The day is coming (6-12 months) when interest rates will have to rise in order to tempt the investors and when it happens, what we're experiencing at the moment will look like a picnic. That's why Sterling is rising against the Dollar, the big investment houses know what's coming.

This is only an opinion and time will tell what was the right thing to do but personally I'd get out of the house if you can.

[retired_member6]

There's nothing wrong with interest rates rising with job creation, and unemployement is still on the rise, it was bad enough before the recession but still... labour disguised the figures. Either way, yes I want out, because if this is going down again, I'll be 35 before can get sorted and I can't wait that long.

[retired_member6]

I got a viewing tomorrow at 4, crossy fingers. He's been trying to get in to view for over two weeks, must be keen.

[deliajen]

why don't you try the tenants,you could offer them 50% shared ownership and then you would be able to release enough equity to by a house in romania,how much are houses in romania £30k ,it does have the largest exodus of people in Europe surely the house prices are peanuts...

[retired_member6]

Originally Posted by deliajen

why don't you try the tenants,you could offer them 50% shared ownership and then you would be able to release enough equity to by a house in romania,how much are houses in romania £30k ,it does have the largest exodus of people in Europe surely the house prices are peanuts...

60+k for apartment in the city but yes much cheaper outside, but no point me living in the country, plus the gf wouldn't go for that. Most people live in apartments here.

[retired_member6]

They offered £65,000, what a waste of time.

[retired_member6]

I lowered to £89k odd over the weekend, three viewings today, one ran away apparantly after looking at the first room, second were first time buyers and third was landlord looking to let, says he'd phone back... first time buyers suggested £80k, I've stated that's too low, what do you think? is market coming back up and summer is notoriously quiet anyway.

So seems like £80k on the table right this second, as long as their mortgage certificate is in place, otherwise told broker to go back and see if he can raise it as I dropped ten grand in a month as it is. I have £20k in dispensibles, so will end up being less overall but it allows me to get on with my life... I did wish to clear at £80k but in this domain game should be able to make that back by end of the year easily.

[retired_member6]

Got to wait 24 hours for offer, interested bidder asking builder mate how much things will cost to do up.