Should he take the money and run?

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RichardCoeurdeLion
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Should he take the money and run?

Postby RichardCoeurdeLion » Sun Nov 29, 2015 8:55 pm

A friend owns two properties, one on top of the other, which can be used as one big place or two separate units, on a well know urbanisation near Estepona. For various reasons he's had to move back to the uk, and he won't be coming back to Spain. He didn't need the money from the houses to get restablished in the uk but he wants to sell up. Until this happens he gets the odd holiday let and has to pay the quite expensive community fees. He's had an offer for both properties. He says he is inclined to wait a bit longer in the hope that the property market improves.
I appreciate no one can see into the future, but what is the general feeling on how things are likely to progress over the next few years.
Thanks

El Cid
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Re: Should he take the money and run?

Postby El Cid » Sun Nov 29, 2015 9:01 pm

Property prices are rising, so, if he doesn't need the money he should wait.

Even a slight increase in price will be way above the interest on the money he will get if he sells now.

Sid

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Enrique
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Re: Should he take the money and run?

Postby Enrique » Sun Nov 29, 2015 9:09 pm

I'm opposite camp.......Take the money but leave it Euro until Pound drops..

Have Five friends selling.......only one has had a viewing.....just the one :!:
UNIX is basically a simple operating system, but you have to be a genius to understand the simplicity.

El Cid
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Re: Should he take the money and run?

Postby El Cid » Sun Nov 29, 2015 9:14 pm

And if the Pound goes up?

Sid

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Enrique
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Re: Should he take the money and run?

Postby Enrique » Sun Nov 29, 2015 9:48 pm

"pay the quite expensive community fees"..............would depend on what expensive means....... :?:
UNIX is basically a simple operating system, but you have to be a genius to understand the simplicity.

Lavanda
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Re: Should he take the money and run?

Postby Lavanda » Sun Nov 29, 2015 10:50 pm

Sell. Take the money and get on with the next thing. What is he going to do with the extra money anyway except pay taxes and put it in a bank for 0% interest. Just move on and enjoy life. :D

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RichardCoeurdeLion
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Re: Should he take the money and run?

Postby RichardCoeurdeLion » Mon Nov 30, 2015 9:05 am

Thanks for the replies

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White Horse
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Re: Should he take the money and run?

Postby White Horse » Thu Dec 03, 2015 12:22 pm

Some people prefer simpler lives and he might prefer to sell for that reason.
That's what I would probably do. Sell up, close that chapter.

Pirateprincess
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Re: Should he take the money and run?

Postby Pirateprincess » Mon Mar 21, 2016 8:13 pm

I'd be inclined to agree with take the money and move on,my father had this similar situation, he took a dreadful loss but he added up the costs of keeping the property and it would have been more expensive to keep, at least now he has cash to possibly buy again or live reasonably well!
LOUISE M

wollie
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Re: Should he take the money and run?

Postby wollie » Mon Mar 21, 2016 8:28 pm

if you confirm your friend is aware that this is on public forum I will be happy to engage with this topic..
you say he does not need the money and he wants to wait... end of story.

I do hope you told this person you were doing this...

"money isn't everything... its the only thing"

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costakid
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Re: Should he take the money and run?

Postby costakid » Mon Mar 21, 2016 10:07 pm

Wollie, That is a very strange reply.

wollie
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Re: Should he take the money and run?

Postby wollie » Tue Mar 22, 2016 9:50 am

so it is to what I thought a strange question, I am sure we will both get a response...

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RichardCoeurdeLion
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Re: Should he take the money and run?

Postby RichardCoeurdeLion » Fri Mar 25, 2016 9:09 pm

I can't remember if I told him I was putting this on A.com.
However I think he would be OK with it
And as I can't see how he could be identified I'm don't think I'm breaking any confidences.


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