While it’s true that this market will make it difficult to get as much for your current home as you would like, the price of that larger home you’ve had your eye on also has gone down. If you consider the price decreases in percentages, NOW is the BEST time to BUY!
For example, if your current home is worth $200,000. and the home you want to buy has a value of $600,000, the difference in value is $400,000. Right?
Not necessarily! With home prices decreasing roughly 10% on average in today’s market, your current home would be worth $180,000, and the home you want to move up to would be worth $540,000. So while your home value has decreased only $20,000, the home you want is now $60,000 less!
Understanding exactly how the shifting economy affects your buying and selling power is not just my job, it’s my passion. While you might hear a lot of media hype expounding on bad-market syndrome or buyer’s market vs seller’s market, know that in ANY market, I am here to bring you real information… in real time… with real answers on how you can achieve your real estate goals.
For the most accurate look at how you can best meet your real estate and financial goals in today’s market, please give me a call. Together we can take a look at all of the possibilities and determine the best time and circumstances for you to make a move. I’m here to help!
