We are contemplating selling up our family home which we purchased in 2004. We had it valued at between 650 and 700 by a couple of local EA's in 2006. Unfortunately due to market conditions we are looking at around the 600k mark now. I am of the view that selling now for as close as possible to 600 and rent for a year is a clever move. At 600 we would walk away with 280k(approx), if the market keeps falling I should be able to pick up a 'better' house for the amount I'm mortgaged to at the moment in a year or so. Am I being naive ?
Sorry if the above is a bit of a ramble but it late
Sorry if the above is a bit of a ramble but it late