WE have a property that we are thinking about selling, have had it valued at é200.000 ( which is more than we thought it would be worth). It is an old house and in good enough shape and in the country.
we are building a new house and if we sell this house we possible could have mortgage free living or else a very small mortgage.
Otherwise we would be fine on repaying both mortgages but if we failed to get tenant to rent other house we could run in to difficulties.
I am of the opinion that we will not get that much for the house again if we don''t sell now and personally not that interested in going down the renting route but if it were to make financial sense to hold on to house I probably would.
Any one know which way the property market is going to go??!!
we are building a new house and if we sell this house we possible could have mortgage free living or else a very small mortgage.
Otherwise we would be fine on repaying both mortgages but if we failed to get tenant to rent other house we could run in to difficulties.
I am of the opinion that we will not get that much for the house again if we don''t sell now and personally not that interested in going down the renting route but if it were to make financial sense to hold on to house I probably would.
Any one know which way the property market is going to go??!!