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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 5 Jul 2005 23:44:20 -0700
/ Author of the message: eanddsimpson@earthlink.net |
Title of the message: |
Should we buy a council house?
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Text of the message: |
Hello, My husband and I are currently living in the states, but are planning on returning to England in 2 years time. My father in law in England <leicester> has been renting his council house for the past 18 years and is now retired and looking to move elsewhere. He has been encouraging us to purchase his council house since he will get approx 50% off the market rate. We were planning on taking out a loan for the mortgage of 45,000 pound for the house which is what it would be after his discount, and seeing if we could get an extra 5,000 for home improvments. Apparently, if we live there for 3 years min. We can decide to sell it and get the market price for it. Is this a smart move? Are council houses hard to sell? He lives in New Parks Estate in Leicester, if that helps. He says that it is a really good investment and he has been hoping that one of his kids will buy the house, as not |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.