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Should we...
...Sell the house and move up? "We've recovered our equity, the family is growing and could use more space."
It all depends on your needs and desires and what you're looking to move up to.
For the purposes of this article, we're referring to moving up to the luxury home market. In our area of MA luxury would be the $1M and over, give or take. Those homes seem to be languishing and Days on Market are high. You might find more negotiating space. Soooo...if it's for you here's a couple of reasons to strike while the irons are hot.
 
Now’s The Time To Move-Up And Upgrade Your Current Home! Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house.
Much of the demand for housing over the past couple of years has come from first-time buyers looking for their starter home. Many of the more expensive homes listed for sale have not seen as much interest.
According to ILHM’s Luxury Report, this mismatch in demand ... more

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