Jim Soda 941-809-7759
My BLOG: http://sodasells.wordpress.com/
Prudential Palms Realty Web site: http://www.JimSoda.com
Sarasota-Lakewood Ranch-Siesta Key-Longboat Key
Immobel International Property Realtors
Think of it this way: If you were to lose $5,000 when you sell your condo, that's just the same (cash in, cash out) as if you paid $5,000 more for your new property. So, if you sold at a $5,000 loss, but acquired a new property that met your needs at $25,000 under today's comps, then your net would be a positive $20,000 ($5,000 loss offset by $25,000 in instant equity). So, don't be afraid of a small loss is it's a stepping stone to a larger profit.
Also, Scott is right that a $5,000-$10,000 is nothing in today's market. If you sell, just make sure you get a great Realtor and that your property is staged and looks terrific. Squeeze every last penny you can out of the property.
Other thought.. a 5 - 10K loss, especially if its on paper, is nothing in this market.
If you'd like to know more about the lease2own or need a down payment for the next property you purchase I might be able to help.
Its not like stocks, they can land anywhere.. .Real Estate ALWAYS appreciates and history shows that it moves in cycles, we are in the middle of one of those down cycles right now.
let me know if I can help 813 -777-1196
All the best to you and your growing family.
To see the light, it might be beneficial to view the 5-10K loss as the cost for finding the happiness your family is seeking.
Our best wishes,
The "Eckler Team"
Century 21 Almar and Associates
Venice, Fl 34285
Shonda Sauls ,REALTOR®
Prudential Network Realty
Advantages and disadvantages mutually reciprocate one another in Real Estate deals... I would sit down and I would give a cold look at what I have in my hands at the moment and what the future brings . Buyers are looking for substantial price reductions which studies suggest will not occur , the high rate of foreclosures , short sales , REO etc are depressing the market and unfortunately buyers still looking for "steal deals" ... If you are looking to get a house for you and your growing family now is a good time to buy as long as you can find the right deal and as long as the deal you find is better than the loses you are going to take when selling your condo ... I would look first and act later (If I take 10 eggs from my basket , 2 of then break but then I put 15 back .. I still have 13 eggs .. better than what I had before )
I hope my opinion will be of help ...
Best regards and good luck in your endeavours