Trade Up – The Opportunity of a Down Market
Filed Under Real Estate · Tagged:
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A buyers’ market is a trading up market. With falling home prices comes a great opportunity for move-up buyers. Even though your home’s sale price may be lower, the smaller loss at sale can be compensated by greater savings at purchase. For example, if home prices dropped by 5 percent, here’s what if could look like if you decided to trade up:
Old Home Price = $200,000
Sell at $190,000=$10,000 Less New Home Price = $400,000
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