K
krushed
Guest
Hi,
We recently had our house valued as we would like to move closer to work/family and the house is a little small for us with a new addition on the way. Commuting is costing us about €400 a month.
The estate agent wants to put the house on the market at about 200,000 and sees us getting about 185k to 190K. This is less than we bought it for but our mortgage is for less than 180k so we would not be in negative equity, if we realised those figures. Our mortgage is fixed at 3% till July 2012 and then we will have to move onto a variable rate.
Would it be a good time to sell now, cut our losses before the house worth drops any more and we get into negative equity, and then look to rent/buy in the area we wish to settle?.....or should we just stay put?
any advice would be welcome.
thanks
We recently had our house valued as we would like to move closer to work/family and the house is a little small for us with a new addition on the way. Commuting is costing us about €400 a month.
The estate agent wants to put the house on the market at about 200,000 and sees us getting about 185k to 190K. This is less than we bought it for but our mortgage is for less than 180k so we would not be in negative equity, if we realised those figures. Our mortgage is fixed at 3% till July 2012 and then we will have to move onto a variable rate.
Would it be a good time to sell now, cut our losses before the house worth drops any more and we get into negative equity, and then look to rent/buy in the area we wish to settle?.....or should we just stay put?
any advice would be welcome.
thanks