Buying a Home, Selling Another in the Down Economy
Posted by Colleen Lane onAs anyone attempting to sell a home right now knows, the market is definitely not friendly for a home seller. On the other hand for buyers this is a fantastic market where anything goes in negotiations. This is the opposite of what occurred a couple of years ago in real estate. Fortunately for a home seller they can rely on the fact that although they are going to lose a lot of money on the sale of their home the flipside is that in their home buying experience they are likely to be able to fetch a great deal. The other advantage is that most buyers are step-up buyers, which means the new house they are buying is going to be more expensive than their current home. This means that even though they may lose money on the sale of their current home they…
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