Trading Up In A Buyers Market

Falling home prices are a great opportunity for homeowners, especially in the high end markets, that are looking to trade-up.   Even though your home sale price may be lower than you paid, the smaller loss on sale of your home can be compensated by greater savings on your next purchase. 

  

If home prices were to drop by 10 percent, here's what it could look like if you decide to trade up.

Home Price=$300,000

Sell at=$270,000  ($30,000 loss)

Home Price=$600,000

Purchase at=$540,000 ($60,000 savings)

If you are interested in taking this opportunity to trade up your home, and would like some further information, please contact Dave Silver at Devin Realty  321-508-2669