buying and selling in the same market

Real Estate Agent with DITOMMASO REAL ESTATE

I recently sat down with a seller.  Who is ready to sell their home and purchase a new home. She was told by others this is not a good time to sell her home.  My reply was it doesn't  matter if you are selling and buying in the same market.  I also, instructed her on the interest rates that they are still low and if you need to get a mortgage it is the right time to buy. 

Any suggestions do you think I gave her the right advice.


Comments (3)

Gaye Granice
Robert Defalco Realty - Staten Island, NY
Associate Broker
I think people need to know that they will never sell at the very top or very bottom - it has to be when it is good for them and low mortgage rates are always a good thing for everybody
Jan 12, 2008 01:15 PM
Rosemarie Rivicci
Barbara Corregano Real Estate - Staten Island, NY
First time homebuyers, luxury homes, commercial!
It think you are absolutely right.  She is probably in a little better position if she is buying because she is paying the lower price on her mortgage for the next thirty years. 
Jan 17, 2008 04:51 AM
Good Advice Valerie!  You can't time the market when it comes to selling a home. Sell low and buy low so it is the same, anyway. And, Move forward!
Jan 20, 2008 10:04 PM