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Wednesday 25 May 2016

'We've been trying to sell since 2007' - one woman's property story

Published 24/01/2014 | 02:30

Phyllis Jordan in her home sauna.
Phyllis Jordan in her home sauna.

PHYLLIS Jordan has been trying to sell a new family home in Roscommon for almost seven years, and as the market continues to steadily improve, she is increasingly hopeful that this year will be her year.

She purchased the site just outside Castlerea, Co Roscommon, with her husband William several years ago, and built a large family home with the intention to sell it during the boom. The home was an investment property for the Jordans, and they almost closed the sale in 2007 for €356,000.

However, as the market crashed, they were forced to cut the asking price, and today the property is on the market for €199,000. "We had 'sale agreed' in 2007 . . . but the sale fell through and we have been trying to sell it ever since.

"In 2007, we had €356,000 got for it. We have it down to €199,000 now," Phyllis said.

The forecast for 2014 is that the Roscommon market is set to increase by a further 3pc, which gives the mother of four hope of an imminent sale.

She said that the property has become a financial burden,

"We just really want to sell it, because there is no point in having it there," she added.

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Irish Independent

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