T
tull74
Guest
Hi first post
Situation as follows . Currently own 4 bed in D15 . Terraced house reasonable area . Now 8 years after buying 2 kids and a wife later would like to move up especially as prospects of buying a the type of house my kids could go grow up in etc seem very good .
Out of curiosity had a real estate agent round to value current house . The estimated sales price is 5-10K below what I owe coupled with say 5k costs to sell would leave me potentially 10-15K in the hole after selling .
Should I sell now and bite the bullet . I am self employed as a telecoms contractor currently working abroad making quite good money . My wife has a permanent job with a Multi which is safe for forseeable future .
I would probably be looking at buying somewhere around the 400k mark and would have 12-15% deposit by end of year .
Other than the mortage and maybe 500-600 euro on credit cards we have no debts .
My worry is if I dont sell soon and wait the difference between what I can get on the house and what I owe will increase to the point where I wont be able to sell .
Anyone any advice , Im just trying to way up pros and cons here .
T
Situation as follows . Currently own 4 bed in D15 . Terraced house reasonable area . Now 8 years after buying 2 kids and a wife later would like to move up especially as prospects of buying a the type of house my kids could go grow up in etc seem very good .
Out of curiosity had a real estate agent round to value current house . The estimated sales price is 5-10K below what I owe coupled with say 5k costs to sell would leave me potentially 10-15K in the hole after selling .
Should I sell now and bite the bullet . I am self employed as a telecoms contractor currently working abroad making quite good money . My wife has a permanent job with a Multi which is safe for forseeable future .
I would probably be looking at buying somewhere around the 400k mark and would have 12-15% deposit by end of year .
Other than the mortage and maybe 500-600 euro on credit cards we have no debts .
My worry is if I dont sell soon and wait the difference between what I can get on the house and what I owe will increase to the point where I wont be able to sell .
Anyone any advice , Im just trying to way up pros and cons here .
T