Mathematically speaking, you should "upgrade" during a buyers market. Why? Here are the numbers: Homes are listed at a realistic value of $100,000 and $180,000. The one you are selling is $100,000 and the one you want to buy is $180,000. If the homes are being sold for 10% below value, then your home will potentially sell for $90,000. This is a $10,000 loss. However, the home you want to buy will now potentially sell for $162,000. This is a $18,000 savings. Hence, you have gained $8,000 in this transaction.
Call me and let's discuss your current situation!
Tags:
buy, market, sell, value
Posted at: 02:41 PM | 0 Comments | Add Comment | Permalink
Many homes are for sale in all price ranges and locations. This is called a large inventory, which creates a buyers market. This is an excellent time to buy a larger home because you can get more for your money.
Tags:
buyer, inventory, market
Posted at: 11:25 PM | Permalink
Barbara Falfas, Strayer Group Realtor