I’ve got an idea that might defy any or all of the good advice you have had over the years. You’ll be familiar with this good advice, it starts off with your parents telling you how important a good education is and carries on throughout the years to how important it is to get on the property ladder. I believe that whilst the first piece of advice is always going to be good, I feel the second piece of advice is only good when the timing is right. Buying a house in today’s climate is actually probably not a good idea and whilst many have already bitten the bullet and got on the first rung of the property ladder, those that haven’t shouldn’t feel envy.
It’s a known fact that many of the people that have got on the property ladder have been struggling to repay their mortgage with arrears mounting up month after month and as a last resort settling for a Quick House Sale for Cash. If you are one of those people, you will probably feel enormous pressure and stress especially if you are responsible for a family too. There is often a great deal of shame that comes with admitting you are in financial dire straits but the sooner you face up to the problems you have, the sooner you can get it sorted and move on with your life. Sell your property and rent it back could be a good option if you want a quick sale or alternatively you could cut your losses altogether, sell up, settle up and go and fulfil your dream doing what you have always wanted to do.