So you owe €65,000 but the house is in the €350,000+ bracket?
Is this correct? Yes RMCF this is correct. It may seem a comfortable position but I have have other debts, not in regular employment and very little earning potential.
Bronte: I gave the asking price bracket as a guide only so as not to be easily identified . I have already dropped the price by €200000.
One thing to try is get a friend to call your EA and arrange a viewing. See how they get accommodated. You might be surprised at how some EAs act. At least in Dublin some are so bad that I've begun excluding any properties they advertise and I know I'm not alone in this fact.
I got my friend to act as a prospective buyer as recommended, and glad to report that the response was very good. Auctioneer was very informative, anxious to sell and really pushed a viewing. So all is well there, an interesting exercise. I still want to sell asap though!
If the auctioneer is providing a good service and the house is still not selling then I'm afraid it's overpriced. Drop the price.
You are mad selling at the bottom of the market IMO...People will smell the desperation...
When im buying on the proceeds surely this balances out?
The true value of your home is the value that someone is willing to pay. It may be lower than €350,000. In your position, I'd ask three different estate agents (including the current one) to gove you a realistic estimate of what they would expect to sell your home at, for a quick sale. Tell your existing agent that you're considering moving the property to another. Ask the others if they have any customers on their books actively looking for a house like yours.
The true value of your home is the value that someone is willing to pay. It may be lower than €350,000. In your position, I'd ask three different estate agents (including the current one) to gove you a realistic estimate of what they would expect to sell your home at, for a quick sale. Tell your existing agent that you're considering moving the property to another. Ask the others if they have any customers on their books actively looking for a house like yours.
Im am desperate! When im buying on the proceeds surely this balances out?
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