Cant sell house , best chance of renting it?

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solid11

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Hi,

I have a nice 4 bed detached 40 miles from dublin in a smalish village.

We have planning for a new house but cant budge till we sell. House is on market for 1 year not even one viewing.

As construction is cheap now it would be a good time to build but as we cant shift the house and we have no collateral to start building.

How would i try and rent out my house just to maybe cover the mortage (850pm).

And would ebs give us a new loan- mortage to start on new house?

thanks
 
Re: Cant sell house , best chance of renting it??

If you haven't had one viewing, and it's a nice house as you describe it, then the reality is that your price is probably way too high. Has anything else sold in the village in the last year? If so, then price is the key.
 
Re: Cant sell house , best chance of renting it??

Bear in mind if you rent it out, you could have capital gains implications when you go to sell eventually as it is no longer your primary dwelling
 
Re: Cant sell house , best chance of renting it??

Thread closed. Original poster banned for sending outrageous PM to another user (who reported the matter to the moderators).
 
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