Just wanted to update, amount outstanding on mortgage is €143,000 so that's a bit of good news.
We spoke to the estate agent. A 2 bed apt in the town sold for €95,000 a couple of months ago. Unfortunately he said we would be looking at less as in his own words "many people wouldn't touch an apartment in that complex with a barge pole"!
He said as it has a bad rep, doesn't have own door access and very high management fees he would advise to put on at €80,000 but would have to negotiate down esp due to mgt fees.
We are going to try this route first.
Are the bank likely to veto any offer?
Lease is up in 2 months, what's the best way to proceed, offer a short term lease, do you offer a rent reduction in return for facilitating viewings. They have been good tenants and I don't want to mess them around but can't afford to have the place vacant while on the market.
Thanks.