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Flat to House

Hamiltonc
Hamiltonc Posts: 128 Forumite
Sixth Anniversary 10 Posts Name Dropper
in House buying, renting & selling

We can sell our flat to an investor and it would of course be less than market value, we can make the value work with our own money added in order to sell and have enough to buy

We will be much happier in a house especially as a family of 4 but money will be tighter on a monthly basis because of the mortgage etc.

Are we mad to consider this but I think we can make it work, we just can't spend as much and will just need to be more careful with our money

Comments

  • TadleyBaggie
    TadleyBaggie Posts: 7,255 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper

    Without figures, who knows.

  • sammyjammy
    sammyjammy Posts: 8,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic

    Just price it right to attract buyers, no need to take less than market value from what you've said.

    "You've been reading SOS when it's just your clock reading 5:05 "
  • Hamiltonc
    Hamiltonc Posts: 128 Forumite
    Sixth Anniversary 10 Posts Name Dropper
    https://forums.moneysavingexpert.com/discussion/comment/82042047#Comment_82042047

    Easier said than done unfortunately

  • eddddy
    eddddy Posts: 18,775 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 20 June at 7:14PM

    Hamiltonc said

    We can sell our flat to an investor…

    Who has been talking to you about selling to an investor? You need to be very careful about who you believe, and who you trust.

    As above, you're probably better off selling via a conventional, reputable estate agent.

    If a genuine investor is looking for a property like yours, they will see it the estate agent's listing on Rightmove and contact the estate agent.

  • Tabieth
    Tabieth Posts: 570 Forumite
    500 Posts First Anniversary Name Dropper Photogenic

    Why can’t you sell conventionally to the open market? Is there are isssue with the flat (cladding)?

    I have lived in flats all my adult life, last year I bought a two up, two down terrace house. It’s wonderfull! So much more comfortable than living in a flat. Plus it’s freehold which is much prefereabke. So my advice is - if you can afford it, go for it.

  • gwynlas
    gwynlas Posts: 2,636 Forumite
    Part of the Furniture 1,000 Posts Name Dropper

    At least in a freehold house you will not have to pay ground rent or service charge.

    You should if at all possible sell your flat through a high street EA. Read everything on the forum about preparing for sale as first impressions count even with them and you need the best achievable price.

  • Myci85
    Myci85 Posts: 652 Forumite
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker

    Do you mean sell to an investor, or are you considering selling to a developer as part of a deal to buy a new build?

  • born_again
    born_again Posts: 25,103 Forumite
    10,000 Posts Seventh Anniversary Name Dropper

    This thread may help your decision making process

    https://forums.moneysavingexpert.com/discussion/6673306/sell-property-to-investor
    Life in the slow lane
  • RelievedSheff
    RelievedSheff Posts: 13,118 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic

    Why do you need to sell to an investor? Why not just market the property through and estate agent?

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