| By Marcia Murary
Did you know that it is better to move to a bigger
home in a “down” market than it is
in an “up”, or even a stable market?
Because most people sell their current home before
they buy a bigger one, they tend to look at the
transaction from the sellers standpoint. They
see the loose they will take on their current
home and decide it is wise to wait for the market
to improve.
But take a moment to consider this scenario.
Your home was worth 120,000 thousand last year.
If the market is down 5%, this year your home
should bring 114,000, or $6000 less than last
year.
Now suppose the home you will buy would have
sold for 180,000 before the market slowed down.
With the market down 5%, that home is likely to
bring 171,000 this year, or a savings (to the
buyer) of $9000! So, as the person in the transaction
moving up, you have saved a net of $3000! Surprised?
It is surprising! Down markets are the ideal time
to make your move up to a larger home.
If moving to a larger home is in your plans,
call me now! There has never been a better time
to get started.
Marcia Murray
Woods Bros Realty
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