PS this plan would work better if you got out at the very top of the market, but you didn't.
We had it valued at between 650 and 700 by a couple of local EA's in 2006. Unfortunately due to market conditions we are looking at around the 600k mark now. I am of the view that selling now for as close as possible to 600 and rent for a year is a clever move. At 600 we would walk away with 280k(approx)
And you can say that for sure??On the pluys side, €280k invested for 12 months would cover off a fair chunk of your costs of moving again
Trying to pick the top or the bottom of any market is a fools game.
600 - 280 = 320
You bought in 2004 for 320K and in 2006 it was valued for 700K. Today it's valued at 600K. Are these numbers correct? If so I'd suspect the agent is playing to your vanity in order to get your business. You could end up placing it on the market at that price and wondering 12 months later why you've had no takers.
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