There are some excellent options in today's market around our area.
If you are considering staying in Methuen you have some very nice new construction options in the mid $500's.
When planning to buy and sell at the same time as it sounds like you are the first step is getting an accurate value of your current property along with a strategic marketing plan that will promote the homes strengths and expose it to the largest buyer pool possible.
I encourage you to contact me with any questions to have a confidential discussion about your home and your options.
You can visit me at http://www.northofbostonlivinggroup.com to learn more about how I help home owners in Methuen market their homes successfully and negotiate the purchases on their next home.
Best of luck!
Lisa Johnson Sevajian
Real estate is hyper local so you should focus on statistics in that particular town. I am assuming based on your profile that both properties are located in Methuen?
1/1/2006-12/31/2006 in Methuen:
352 single families sold
Median Price: $320,000
3/26/2011 - 3/26/2012
308 single families sold
Median Price: $224,950
Looks like sales were down only slightly but the median sales price has dropped significantly.
Everything on the market in Methuen: http://goo.gl/KGnRL
Hope that helps!
You can find alot of great professionals here on Trulia but you should also ask friends, family, colleagues for recommendations of professionals they've worked with recently and been happy with.
Good luck, check back to let us all know how you make out, great way for the whole community to learn,
We are seeing higher luxury properties selling well as long as they are priced properly. Home prices have fallen since '06, but the decline appears to have halted, and the market seems to be flat in terms of prices. The good news is that mortgage rates are as low as they have ever been, and most likely as low as they are going to be. Because of homes prices being as low as they are likely to be and rates being incredibly low, now is the time to trade up and get a better rate. The single family home market is bouncing back much better than the condo market, which is dragging the housing market. Buying a larger home now with the expectation of being able to sell it for a good profit in 10-12 years is very reasonable. Don't plan on short term flipping of the home.
Don't forget to check on FHA loans. You can get a better rate with a lower down payment. If you need a more detailed market analysis contact me.