Buying Up in a Down Market

If you’re a homeowner who needs a bigger house, or just want to move up a rung in the home ownership ladder, a down market may be a good thing.  Here is a very simple example of what I mean:

Last year your favorite real estate agent told you your house would sell for $300,000. You weren’t quite ready to sell….this year was better for you. Now he/she comes by and gives you startling news. Your lovely abode is now valued at $270,000! YIKES! You’re looking a $30,000 shortfall in equity dead in the eye.

Read full article by Seattle Realtor Greg Perry.

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About bobbyfletcherhomes

I am a licensed Realtor in the Great State of Texas, specializing in residential sales, leasing and property management in North Dallas and northern suburbs - exciting places like Frisco, McKinney, Plano, Little Elm and Carrollton.
Gallery | This entry was posted in Buying a Home, Financial Advice, Selling Your Home. Bookmark the permalink.

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