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Estate Agents Valuations - Driving Me Mad!
Comments
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I still do not understand the OP. Do you mean something like this example.
2007 paid 100k mortgage for 80k over 25 yrs
2011 market worth 80k with 70k on mortgage.
wants to sell for 90k as you need 20k deposit for new house.
It will only be worth what people will pay and it is worth 80 then it wont fetch 90. I suggest you overpay like mad in the meantime or get a bridging loan if you absolutely and utterly must move now (assuming the bridging loan costs outweigh rental over the same period).0 -
twirlypinky wrote: »Welcome to my world!
Flat bought for £95k
Mortgage currently at £91.5k
House on market for £90k
Offers for £83k to £85k
House we want to buy £140k
Just not going to happen any time soon!
ditto
(with slightly different figures) Moved into dream house - 17/08/12
Savings - £600Xmas 2013 - £43Credit card - £2741 :eek:0 -
This post is a wind up..no one is that thick.....please please restore my faith in the uk and tell me its a wind up..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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