The market in Corsicana seems to be picking up so far in 2012. The properties that are selling are in good condition, and priced competitively. I would agree with all of the posts so far. If you're looking to pull the equity out of your current place, and find a bigger home, now is a great time to sell and buy a bigger place. Location, price, and the condition of the home are key factors in a successful selling experience.
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In my opinion, it can be an even wash unless you are pulling out the equity in your home.
If you sell now at low market prices, you also buy at low market prices. Here is a chapter I wrote with Tips on Selling Your Home to help you:
p.s. If this answer helps, a thumbs up is very much appreciated.
Only you can answer that. If you are wanting to buy a larger more expensive home it could very well be a great time to sell and trade up. Even if you lose something on your current home you should more than make it up on a more expensive home.
If you are buying now and wondering if you should wait to see if home prices drop further... guess what. Even if home prices drop further in some markets if interest rates go up by half a point that would negate a $40,000 reduction in the purchase price of a home.
It's hard to time the market so it is best to buy or sell when you need to do so... based on your needs, objectives and goals. Once you understand your objectives the picture should be a little more clearer to you.
Best of luck to you.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group