Advise needed to sell or buy to let

neha9

WIAWSNB said:

neha9 said:

sheramber said:

You say you are not getting the value you expected.

How much do you expect and what are the values being offered?

Are the from viewers or from estate agents?

What have you based your expectations on? 

We queried with three estate agents and they all have valued around 485k. 

You are talking about a half million pound property.
£15k either way will not make a h'pennys worth of difference long term.
Ok, I'm technically incorrect, but you know what I mean... :-)

I completely see your point, and you’re right that in the bigger picture the difference may not be huge. That said, £15k is still a meaningful amount given our current situation, and I just want to be sure we’re making the best decision both for now and for the long run. That being said, as you rightly highlighted earlier, health has to come first. We’re going to prioritise that, and I’m confident the rest can be managed around it.

ReadySteadyPop

neha9 said:

ReadySteadyPop said:

neha9 said:

Hi Torro,

Thank you for your reply.

We purchased this property in 2022 for £465k, did renovations for around £20k, paid stamp duty £13k. Total mortage payments made £56k. Selling was never part of our plan, but because of health and jobs risks, we're now having to think about it.

Thanks.

How much are you trying to sell it for?

We were expecting 500k considering the time and money we have put in this house.

What was the best offer you got?