The answer would depend on your goals! Would you be selling to buy a larger home or a smaller home? And how long do you expect to stay in your new home?

It is an excellent time to sell to buy a home that you would love to spend the next 7 to 10 years plus enjoying. Yes, you current home is not worth as much as you would like but the home you buy has also come down in value. If you are buying a larger home you can actually come out ahead! Thats right, ahead of the game!

Let's say you are selling a $200,000 and you take a 10% hit selling the home for $180,000. You feel a loss of $20,000. Let's say you are buying a $350,000 home. You have a huge benefit because chances are that $350,000 was valued at $400,000 or more in 2005, 2006, and maybe even 2007 so now the market has placed a home that would have been out of reach and placed it in your reach. Let's then say you give that $350,000 home a 10% hit costing giving that seller a loss of $35,000. Your $20,000 loss was just wiped away and you gained another $15,000 off the new home. Make sense? In addition, to the unbelievable prices thanks to depreciation coupled with the unebelievable negotiations you can get with a negotiation expert such as myself you will actually do better than the scenario that I presented above. A great agent can accomplish that for you. Lastly, I cannot fail to mention the unbelievable interest rates in the marketplace right now. There has never been a better time to sell and buy if you are not currently in a home that you wanted to spend the next 7 to 10 years living in. Use the market to buy your long term home! There has never been a better time to buy real estate for investment purposes either... long term investment purposes.

I hope that you will spread the work that this is the best time to buy on record!

Buying or selling in todays market is tricky. There is a lot of inventory so sellers need to be aware there house is worth less than it was 3 years ago, yet they will be buying one priced less also. Buyers need to take advantage of all the great deals out there, keeping in mind that low balling is unnecessary since most house prices already reflected the economical change.

The advantage of buying, the interest rates are very low, there are more homes on the market in most areas to choose from, the sellers are more motivated and more willing to work with buyers on offers. If selling you can expect the property to be on the market longer than usual unless it is priced well, but the advantage if you sell your home for less than you hoped to get, you are probably going to be able to buy your new home for less also, so it usually will equal out in the end.

Nicholas,

Without a doubt the interest rates are the best we have seen for a long time. In addition there is a glut of inventory so if you don't have to sell a house, buying a house can be a lot of fun since prices have been driven down and there is a lot to look at. Good Luck.

Cameron Piper