you are now in the buying time market for that area now. If you want to sell now is the time!
Find out now what you want to do.
If you are looking a for a good agent in that area that really understands the market I can recommend a top producer there who has settled consistently $10,000,000 a year in real estate for last 5 years.
i would recommend interviewing an agent also.
David below is an excellent sales person also and is definitely worth interviewing
Search Short Sales and foreclosure Deals at http://www.BuyNjShortSales.com
All that being said, I feel that now is a fine time to upgrade. With interest rates as aggressive as they are, even if you do not have sizeable equity in your current residence, the interest rate you can obtain compared to what you may currently be paying can make up a substantial amount every month. And that is the big picture.
Please feel free to give me a shout with any questions.
DESATNICK REAL ESTATE, LLC
1001 Lafayette Street
Cape May, NJ 08204
Have you sold your Cape May Beach home yet? we follow up with sellers as these days it may take some time to get a home sold if the right marketing team is not involved. If you haven't sold and are looking for a new approach please let us know , we would be glad to talk.
But in a general sense, if you need more space, your idea is not a dumb one.
Good luck to you,
Unwavering Commitment to Service
As you read below it depends on your buy in on the first home in 2009 did you buy way below market value at the time. Since values have dropped a bit and there are more deals around you maybe not improving your position as to dollars.
Now if that is not the issue and you are looking for a a good upgrade that was maybe purchased by someone in 05 and 06 you may find a home that is in trouble and make a good deal.
But unless you purchased your current home at a really good price and you have equity you most likely will not increase your position with just paint and carpet. You will have to figure out will the expense be worth it or will this just be a a swap. Remember there are cost on both ends buying and selling and if it makes sense on both ends you may wind up with a loss on at least one side.
Better Homes Realty
Do you want newer construction? Cape May has lots of old charm and the older homes are filled with history and beauty. Many have upgraded amenities also.
Do you like your current location? Its a big decision. Location is what it is all about at the shore. Getting as close to water as possible is seems to be the number one priority. Some people dont care too much about so close to the beach. But almost always regret not getting a little closer later down the line.
Its a big decision if I can help further please contact me.