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What exactly is this potential negative equity?!

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  • 29-03-2008 12:57am
    #1
    sygdsaugdyuysd
    Closed Accounts Posts: 6 ✭


    Thanks for that lads! Will chat to solicitor


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    #2
    Pete4779
    Closed Accounts Posts: 622 ✭✭✭Pete4779


    If you want you own place, security of residence (more so than a tenant contract can give) and it's where you are happy to live and afford then there is no reason not to.

    But, if it is a place that you wouldn't live in anyway, then don't. The only reasonable type of property that you should own in Ireland now is one that suits your work/life well and that you can afford. Forget about trying to profit off investments.

    IS it in Leitrim?


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    #3
    bugler
    Registered Users Posts: 3,436 ✭✭✭bugler


    Something you need to bear in mind is that if you've signed contracts the builder may attempt to force you to purchase. Walking away and leaving the deposit to the builder was generally not a problem when other buyers were lined up. Now that buyers are scarce on the ground the builder may exercise their legal rights and force you to complete.

    This is best discussed with your solicitor.


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