So you want to sell, andÂ your going to have to come out of pocket when your sell your starter home.Â The 3 bedroom colonial though, in that great neighborhood is really affordable.Â This is no coincidence, your buying in the same market that you are selling.Â This is why you should sell!Â
If you feel that your house is 20% undervalued, the house your buying is as well.Â So you might sell for say, 100K, which you â€œloseâ€ 20k from the previous or perceived value.Â The new house is 200K.Â This is undervalued as well and should cost 240K.
Â Â What does this mean???Â
This means that you were just handed $20,000 by buying and selling in the same market?Â There is notÂ an excuse to â€œwait the marketâ€ take advantage of the deals today!