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How much cash would we need to buy our rental?
Comments
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Plenty of houses sell between £275k and £250k it all depends on the true value of the property.
No such thing as true value, a house is only worth what someone will pay for it. If someone is willing to pay an additional £5k+ stamp duty plus £50k over the life of a mortgage then that is the value to them. Personally, I'd think they were fools but that is me!
Some sellers that have asking prices less than £300k are realistic about the kind of offers they will get.Thinking critically since 1996....0 -
somethingcorporate wrote: »No such thing as true value, a house is only worth what someone will pay for it. If someone is willing to pay an additional £5k+ stamp duty plus £50k over the life of a mortgage then that is the value to them. Personally, I'd think they were fools but that is me!
Some sellers that have asking prices less than £300k are realistic about the kind of offers they will get.
The true price is what someone is willing to pay and if you look at sold house prices you will see plenty of people are willing to pay between £250k and £300k, by the way that £5k that will cost less than £9k over 25 years at 5%.0
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