Am I in trouble?????

MissMoneypenny

Gorgeous_George wrote: »

Normally, that is true.

When lenders aren't lending and when buyers are being told to expect further falls there is little chance that you will find the price that is right for you and a buyer.

Lenders are lending if people have a deposit and a good credit record. Buyers are buying if the price is correct. A relative has just bought her first house for less than the sellers paid for it in 2003.

Mrsmoneypenny

Yes I would agree with hearts, see how much you can get on the rental market, if it covers your mortgage for 6 - 12 months and then perhaps remarket the property again or you may then be in a better position to keep both if one brings in an income.

I am now looking for MrMoneyPenny.

hearts

"I am now looking for MrMoneyPenny"

Send me a photo I love an agreeable woman ;-)

Getting back to the post. The property lying empty for so long, with no end in sight, is a waste. Look seriously into renting. I don't know your area, so I can't be sure how viable this is. In certain towns you can rent your property out to the council. The rent is Guarateed for (I think 5 years). This would be ideal for your situation. It may get you through the worst of the recession and take you to a better time to sell.

seikothrill

Trollfever wrote: »

With the benefit of an independant RICS valuation of £200k, I will exchange and complete next week at £120k.

If this is a true offer then if I was 'Fleeced' I would be contacting 'Trollfever' to take up his/ her offer.

At least 'Fleeced' would be rid of the property that is a financial drain

Trollfever :T for the offer