Well this is a loaded question and with not knowing the price, size and age and upgrades of your current home, and whether you want to buy bigger or smaller it is hard to tell. The outstanding loan amount on your current home will indicate whether you current home will sell with leaving you with equity....or not.....
Home values in most parts of the country have gone down, how long have you been in this home, how much
do you still owe the lender?
And then where to, another state, are prices there higher or lower, do you want to up or down grade, buy a larger or smaller home. Once we would know some of the above we could give you some better advice.
Work with a local Realtor who can find out the current value, and discuss your options with you.
Working always in the very BEST interest of her clients, buyers, sellers and investors alike!
Edith Always goes the X-tra Mile with a Smile for her clients :)
To get to know Edith a bit better and to find out what an experienced Realtor can do for you with their
expertise, experience in the market place, and the various services they offer please go to
This economy has been a wake up call for many, and I think what is important is that you make a decision based on solid financial figures. The days of speculating are over. If you have the resources to feel comfortable with a larger mortgage, or have the extra $100K sitting in the bank to throw into the kitty, why not? But I think most people are thinking that living frugally has a lot of benefits for good sleep at night.... more