The More You Buy, The More You Save!
Filed Under Uncategorized · Tagged: housing, housing market, real estate
Red Tag Sale, Everything Goes! 
OK, that’s really not where I’m going with this. The last thing I want to do is sound like a bad TV pitchman. However, there is some real truth in the concept that there might well be value in selling at “loss”, but buying at a discount.
For nearly two years I’ve been trumpeting what a perfect market this is for the “trade up buyer”. The logic is impeccable, even if it’s an emotionally difficult pill to swallow. If the market is down 10%, for example, across the board, then simple mathematics says that if you sell your $250,000 house at a 10% discount and buy a $350,000 at that same 10% discount, you’ve made out with $10,000 net gain. Right? Not to mention that you’ve traded into a house you prefer, be it larger, nicer, in a better neighborhood, etc.
The math is simple, even if the decision is not. People are very tied to their homes in a way they’re not tied to anything else they own. Homes are more than just houses, which are simply sticks and bricks. No, homes have emotions, memories, etc. But when a potential buyer/seller can see the value and get beyond the emotion, they soon realize that today is the day of the Trade Up Buyer.
For further reading, click here for a CNN Money article on the same topic.
Agent Profile
Jesse Knight specializes in residential real estate with a focus on first time home buyers in the Portland Metro market. Through face-to-face meetings and the targeted use of technology tools, Jesse provides complete representation. Jesse is your consultant, advocate and all around real estate professional.
