Selling at a loss?

lika_86

Whether or not you're selling at a loss also depends on the alternative. If you would have been renting then you may find that you are still better off than you would have been or about even (depending on rent and what seems to be the 'loss' you'd be selling at). For example, before buying we were spending around £20k a year on rent in London, now we spend about the same on our mortgage but have a bigger and nicer space. Around half of that is interest, so over five years we're 'saving' about £50k. So if we sold for even £40k less than we paid for our place (taking into account sale costs), we'd still sort of break even compared with renting.

GixerKate

You could look at it a little differently - does selling this enable you to upsize?

My first place I bought for 150k and sold it about 6 years later for 150k  In that time I had built up some equity and it enabled me to upsize which is what we needed at the time.

MultiFuelBurner

Theresonly1 said:

I currently own a property which I bought some years back to a certain price. I am currently in need of an upsize because of expanded family and deduced that I need to sell in order to help fund my onward purchase.

However, multiple estate agents have valued my property lower than what the market value of the property was when i bought it some years back.

My question is, should I still try sell my property at a lower price? 
By doing so, would I be selling at a loss?
And is that a good thing to do given all I want is to recoup some funds in order to help fund next property?

Maybe you could return to your thread and reply to some of the questions posed?