Are you considering buying a bigger home in this market?
It's like going from a Honda to a Mercedes, you have a “few miles” in your present home and you know that you will always need a HOME to stay.
You ask yourself, Should I trade or should I go?
It's a lifestyle choice. As long as it doesn't cut into your ability to make the monthly payments, this is probably a pretty good time to upgrade and drop the Honda or your present pad and get a shinny new Mercedes/ 5000 square ft colonial in the neighborhood you always dreamed of.. .
You can pick a luxury home right now saving SEVERAL THOUSANDS of Dollars compared to home values two or three years ago.
The problem lies. . what do you do with your present home?
Two Options:
1. Sell it and offset the loss of selling it when you buy a bigger home.
2. Rent it, become a landlord and wait for the prices going up in the next few years
I will not make predictions here, but. . . the reason most people are hunkering down at this time and staying put is because, they know that prices will eventually go up again.
If you decided to take this step, I would sincerely appreciate the opportunity to be your trusted real estate investment advisor and resource. Please feel free to contact me for all real estate and mortgage needs.Also If you know of anyone else who could benefit from the services I provide, I would sincerely appreciate the opportunity to be of assistance to them as well.
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