Split with the misses and property is owned in joint names 80% mine 20% the ex, I now have two options
1. Make her an offer in next week to buy her out which I can afford to do, mortgage would be steap would need to rent out a room which I'm fine with though. I'm getting house valued today, I'm was going to make her an offer based on what would could realistically sell the place for as of now as a quick sale in current market.
2. Put the house on the market see if we can sell it, if after 6 months no decent offers I will buy her out.
I'm not sure what to do considering the current housing market, part of me is tempted to go for option 1 just to get it sorted quickly but house prices are still going down. Option 2 could work in my favour if prices keep going down and we cant sell then I can make her a crapper offer, but at the same time I'm loosing the equity I have in the house.
I don't like the house to be honest and would rather get red BUT if I can exploit the current market in my favour to make a bit of cash over a 5year period I'm willing to do that, but just don't know whats going to happen to the housing market.
In terms of shafting her £ wise I have no problem doing that we were not married and no kids.
1. Make her an offer in next week to buy her out which I can afford to do, mortgage would be steap would need to rent out a room which I'm fine with though. I'm getting house valued today, I'm was going to make her an offer based on what would could realistically sell the place for as of now as a quick sale in current market.
2. Put the house on the market see if we can sell it, if after 6 months no decent offers I will buy her out.
I'm not sure what to do considering the current housing market, part of me is tempted to go for option 1 just to get it sorted quickly but house prices are still going down. Option 2 could work in my favour if prices keep going down and we cant sell then I can make her a crapper offer, but at the same time I'm loosing the equity I have in the house.
I don't like the house to be honest and would rather get red BUT if I can exploit the current market in my favour to make a bit of cash over a 5year period I'm willing to do that, but just don't know whats going to happen to the housing market.
In terms of shafting her £ wise I have no problem doing that we were not married and no kids.
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