Help needed - shall I sell my flat and buy another?
in House Buying, Renting & Selling
2 replies 486 views
I own a flat with no mortgage which I rent out. I have around £20K and am considering selling that flat and buying another one worth slightly more. But a friend told me it could cost me all that £20K to sell one flat and buy another. If house prices are about to drop, is it a good idea to sell it and buy another when house prices are lower? I can't decide - I don't want to waste my nest egg and end up with no improvement. Any thoughts anybody? I'd be very grateful for any advice.
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