So, your wondering why would you want to sell your home in today's market because "you lost all this money." Your thinking, wow, if I would have sold before the market took a dive I could have made so much money. Well, truth is, it may be to your benefit that you didn't. Look at the example below:
Current Home: In 2004, it was worth $325,000. With a 35% reduction in value, today it is worth $211, 250. Your selling for $113, 750 less than in 2004.
In 2004, your “dream home” was worth $500,000. With a 35% reduction in value, today it is worth $325,000. Your buying for $175,000 less than in 2004.
You’re gaining $61,250 in value, plus the $6500 tax credit, plus you are paying less in property taxes and are at a lower interest rate.
Now, doesn't this make more sense??? It is a great time to buy and SELL!!! Take advantage of this market to find and buy your dream home.
Happy House Hunting.
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