2007-03-31 05:43:55 · 4 answers · asked by returnofkarlos 2 in Business & Finance ➔ Renting & Real Estate
and you was entitled to over 33% off the valuation price
2007-03-31 05:58:20 · update #1
This all depends on your circumstances it is a good investment but you have to consider a few things:
. if you sell within 3 years you have to pay a percentage back
to the council, after 3 years you can keep all the profit
. With a council house if anything goes wrong eg smashed
windows, leaking toilet, boiler breaking down then the
council will repair these free of charge but if you own the
house you will have to fix all repairs yourself.
. What happens if you buy your house and you get horrible
neighbours, your house price goes down and you may find it
difficult to sell.
. Interest rates keep going up, make sure you can afford a
mortgage and everything that goes with it, buildings and
contents insurance, sickness insurance, if you split with your
partner what happens.
Buying your house is a big step and puts you on the property ladder, do not pay someone to fill in the right to buy forms as they are easy to do and you will be able to do it yourself, the Citizens Advice Bureau can help you.
Good luck
2007-03-31 07:21:25 · answer #1 · answered by sharon m 1 · 0⤊ 0⤋
Would depend on
1) likely earnings over the next few years, if you are on guaranteed good wage, go ahead.
2) price wanted for property and price it is worth. If price wanted is less than price worth- this would tend to indicate you should buy.
2007-03-31 05:51:37 · answer #2 · answered by brian t 5 · 0⤊ 0⤋
Yes. Property is a good investment.
2007-03-31 05:51:10 · answer #3 · answered by Spiny Norman 7 · 0⤊ 0⤋
Been there, done it. Didn't have to pay any cash out up front. Go for it.
2007-03-31 06:06:15 · answer #4 · answered by Sandee 5 · 0⤊ 0⤋