Questionable
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I've been offered a new job recently, down the country.
I bought a 2 bed mid-terrace affordable house in November 2007 for €198k.
There's 3 bed semi-d's available on the open market in the place I'm moving to for €200k.
The market value of the house when I bought it was €315k, clawback 31%.
The current value is about €240k. If I sold it for €240k, I'd have to pay the Council €240k minus €198k...€42k.
Whats to stop me putting this on the market at €220k and getting a quick sale, and only paying the Council €22k...on hte face of it I'd be at no loss, I still get my €198k back, am I missing out on something?
I bought a 2 bed mid-terrace affordable house in November 2007 for €198k.
There's 3 bed semi-d's available on the open market in the place I'm moving to for €200k.
The market value of the house when I bought it was €315k, clawback 31%.
The current value is about €240k. If I sold it for €240k, I'd have to pay the Council €240k minus €198k...€42k.
Whats to stop me putting this on the market at €220k and getting a quick sale, and only paying the Council €22k...on hte face of it I'd be at no loss, I still get my €198k back, am I missing out on something?