Are You Once Again An Equity Owner Looking to Make a Move? It’s Definitely a Move-up (or Down) Market

If you are a homeowner who has accumulated equity in your home and are willing to market it to sell, for example to move up, buying  the home of your dreams is again a realistic endeavor. Even considering significant price decreases in some markets prior to the market turnaround, a home purchased several years ago could very likely sell for a profit today. And on the buying side, today’s market offers added compensation.

Your property may have already regained its former equity in our currently appreciating market; however, if you purchased a home for $250,000 several years ago and now want to buy a larger home in a market that  depreciated by, let’s say, 20%, during  the downturn years and don’t feel you can sell your home without taking a loss and still purchase the 

$500,000 dream home you want, here’s the solution…

                            Current Home              Dream Home

Price                   $250,000                       $500,000

Depreciation      - $50,000                    - $100,000

                            ____________            ____________

Market Value      $200,000                      $400,000

$100,000 savings on the purchase of your new home, minus $50,000 loss on the sale of your old home equals $50,000 gained! You CAN afford to move up, plus it’s a great investment! And depending on when you purchased, selling your current home and purchasing a new one may even be a pure WIN-WIN situation for you!

Higher-end homes can offer you some of the more appealing aspects of the lifestyle you have been dreaming of: nicer neighborhood, more living space, more elegant home features, views, more robust amenities – you simply get more for your money!

Why sell now? Interest rates are still low, making it attractive to buyers to purchase your home and you, as a buyer, can take advantage of today’s lower rates, also,  home prices in some areas are still lower than previously, buyer activity is still strong, and a significant decline in inventory allow you now to finally pursue the lifestyle you have been waiting to enjoy.  There are plenty of pre-approved buyers who are searching for the right home – maybe one just like yours. So, let’s run the numbers if you’re ready!

Questions? Feel free to contact me at any time. You can reach me by phone at 858-603-7879, or email me at robert@sandiego-ca-homes.com. I look forward to hearing from you!