Thursday, September 25, 2008

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Should you cash in on the property slump by selling your home?
Over a few beers at the weekend one of my friends announced that she and her husband had put their house on the market.
Oh, have you found somewhere you want to buy? I said.
Well, were not looking at the moment, she replied, were going to rent for a bit and see what happens.
The plan, it seems, is to wait for property prices to fall, then either buy a similar-sized property for less money and or buy a bigger place for the same amount they sell their two-up two-down terrace for.
Good luck to them, I say, but isnt it a risky strategy? Its certainly not an uncommon one at the moment




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