10/30/2023
Selling Low & Buying Low > Selling High & Buying High 👌
I get it, everyone wants to sell their home for as much as humanly possible. It represents pride, effort, sacrifice and memories. It is emotional!
But SO often I hear comments like “a year ago my house was worth $900,000, I’m not selling it now for $750,000”.
While this may be true, the same is true about your “Upsize”. That upsize that may have cost $1,200,000+ now costs $1,000,000 or less.
YES - Mortgage rates are higher
YES - You have to qualify at a higher rate
BUT if you are buying and selling in the SAME market…there is opportunity to secure a lower purchase price & lower mortgage principal.
You can REFINANCE a Mortgage to a different rate… you cannot RE-BUY a Property at a lower price!
When the market is challenging, naturally the lower priced homes become more attractive because they are the most accessible. Thus meaning they are less affected by downward market pressures than the higher priced and larger homes. This accentuating the price gap!
If you would like a copy of our “Level Up Guide To Upsizing” - Send me a message!
