quick question

lesley1960

haddit wrote: »

Hi Mh

I am in a similar position. You say you have 30K of equity but how do you know this in the current climate? It is possible that you can still go the BR route and keep the home if you can 'achieve' less equity. It may be an idea to get 3 agents to value for a quick sell or a surveyor (they always value less than agents !)
My situ is the house is on the market and I have dropped the price by 85K and still cant sell. I have dropped it down to a price which is less than I paid for it in 2005 ! I am purely keeping it on the market now until I go Br in January to show that even at this low value it will not sell. This then reduces the equity to a level that hopefully the OR will not have interest in. So the price drop is more a strategic move than a serious attempt to sell it ! In addition I have negotiated reduced payments on the mortgage for 3 months - which again adds further debt onto the house and less equity again.

Just hope no one seriusly wants to buy it in next couple of months at theat crazy price ! If so I must remember to tell them about the horrid neighbours and problems with parking and the leakly roof !!

Just an idea.........

What happened to your buyer? you posted on the 27th Oct that someone had made an offer