One mid to upper level sale can trigger 3 or more transactions

By
Real Estate Agent with Coldwell Banker Kittitas Valley Realty

 

The feature post by Richard Weisser stirred a thought as to why the First Time Homebuyer program has an inherent flaw by weighting the entry level homes.

Move-up sales or mid to upper level sales generally create additional transactions.  The move-up buyer gets a bigger or newer home and sells the starter home thus creating 2 sales, and most importantly, allows the seller of the move-up home to buy in the top end market.  Now you have at least 3 sales generated, whereas the first time buyer transaction only creates 1 sale.

Richards plan or any other plan that could encourage mid to upper level sales is what is needed to bring a real rebound to the market.

 

Posted by

Dean Curtis Associate Broker, GRI, ABR 

 Coldwell Banker Kittitas Valley Realty - Ellensburg, Washington

                                                                                              

 

Comments (0)