I Want a Bigger/Nicer Home but...Is a Good Time to Sell in Lake Ray Hubbard TX Area??????

Reblogger John Cannata
Mortgage and Lending with 214-728-0449 http://TexasLoanGuy.com NMLS # 322646

Samantha Smith provides a great example of why its always a good idea to buy UP in a down market. Sure, you take a hit on your current home, but you are also getting a larger home for less. And let's be honest, the market is not going to stay down for much longer. It may not sky rocket upward like it did a few years ago, but that is okay unless you are looking for a quick buck.

A good read below, check it out.

Original content by Samantha Smith

YES, it IS a great time for you to sell so you can buy that Bigger/Nicer home you want!

There are homeowners that would like to have a larger/nicer home but are patiently waiting for the market to improve. A frequently heard objection is that they can't Sell their Home for what it is Currently Worth.

Believe it or not, it's actually to your advantage to Buy up in a down market because while you might get less for the home you're selling, you're also getting the larger home for less. For instance, if you had to sell a $200,000 home for a 10% discount, you might feel that you left $20,000 on the table. However, buying a $300,000 for the same 10% discount would put you $10,000 ahead on the sale and purchase.

The other obvious matter is that when the mortgage rates increase while you're waiting for the market to improve, it dramatically increases your cost of housing with higher payments. The cost of housing is affected by price and mortgage rates. So though you might be "losing" money selling your current house at a lower price, you're actually saving money and getting a deal!

To accurately evaluate your current options, you need facts and assessment tools that will provide you the information to make an informed decision. Below is an example of one of the assessment tools that I use, that can give you Figures/Numbers to help you decide what's best for you. If you'd like to schedule a FREE consultation, simply send me an email or give me a call.

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Rainmaker
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Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

Very good point and I appreciate the re-blog.  I have a current client that won't lower her listing a BIT, and yet she is watching the homes she intends to buy NEXT lower THEIR prices...ARGH!!!  I should send her this post...

Jul 29, 2011 04:36 AM #1
Rainmaker
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John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

Cara - you should share it with your seller, plus a few other helpful blogs you can find here.

Jul 29, 2011 05:14 AM #2
Rainmaker
307,513
Samantha Smith
214.422.0729 www.SamIAmHouses.com - Rowlett, TX
Sam I Am Houses, Simply Texas Real Estate

Thanks for Re-Blogging & sharing with your readers TexasLoanGuy! :)

Aug 02, 2011 09:13 AM #3
Rainmaker
400,528
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

Samantha - thanks for writing good information. :-)

Aug 02, 2011 09:23 AM #4
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Rainmaker
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John Cannata

Texas Home Mortgage - Purchase or Refinance
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