Hi! everyone, thanks for the advice. I think the best option would be to sell - just hope the offers are genuine as I don't want the hassle of being messed around- I don't know which is more stressful - the selling process or being a landlord.
Paddyodoors - the mortgage of E115 is on a tax break property in the north west.. In addition to this I own a mews house in Donnybrook - which was valued at E1million last year, but if looking at a 10 or 15% would now be valued at E800,000 (it' a two bed mews house with parking). I also own a house in Waterford worth about E450,000 and a house in the midlands worth about E300,000. It is all inherited property/wealth.
If I was in your shoes I'd sell the whole lot!
Selling all your properties would generate over €2,000,000. You would be able to live off the interest and not worry about being a landlord
Elaine
bite the bullet and sell it - tell the potential purchaes you will make a quick sale for the 1.8m - and push to close asap - otherwise indicate you will put on market officially.
Then the only baggage for you family is the suitcases full of cash!!
what to do with the cash? i know someone with a similar quandry
Hi! everyone, thanks again for your advice. It looks like the offer of 1.8 mill is firm. Deposit to be paid by end of week. So definitely will sell. Thanks again.
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