Hi all,
I'm mortgage approved for 350k plus have a 70k deposit so total budget is 420k. Family of 4 with 2 young children. There must be good opportunities in the market now for picking up properties 20% under asking price. We are currently renting and paying huge rent so keen to still buy something at a good price as its a long term purchase. I also work in sales so although the economy and property market might tank, so will my earnings so I won't get approved for so much a year or two down the line. A mortgage for 350k would be around 1600 per month, currently paying 2500 rent in South Dublin so there is substantial savings there. My kids will be going to school in blackrock so needs to be commutable to there.
Any advice from seasoned pros greatly appreciated
I'm mortgage approved for 350k plus have a 70k deposit so total budget is 420k. Family of 4 with 2 young children. There must be good opportunities in the market now for picking up properties 20% under asking price. We are currently renting and paying huge rent so keen to still buy something at a good price as its a long term purchase. I also work in sales so although the economy and property market might tank, so will my earnings so I won't get approved for so much a year or two down the line. A mortgage for 350k would be around 1600 per month, currently paying 2500 rent in South Dublin so there is substantial savings there. My kids will be going to school in blackrock so needs to be commutable to there.
Any advice from seasoned pros greatly appreciated