What was the market like when you bought your current home? Was it a buyer’s market or a seller’s market? Most “move-up buyers” have lived in their current residence for about 5-7 years. Think of what the market was like 5-7 years ago. Here are some statistics to remind you.
If you bought in a buyer’s market you’re in an excellent position to sell in a buyers' market. Not only are you in a position to still turn a profit on the sell of your current residence, but most likely you can undercut your competition that is already sitting on the market.
Remember, you will be buying in a buyer’s market so you will be able to look at homes that you might not have been able to a year or so ago because they were out of your price range. You will also be able to have control in your buying process, gone are the days of multiple offers and buyers having to settle when it comes to negotiation and terms.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
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Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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nicely done, JO:)
Courtney, Thank you!
Most people get so wrapped up in the fact that they will be losing money on their current home that they forget they will make it up on the buying side!
Bill, you are so right. I would much rather buy in a buyers market as a seller than buy in a sellers market as a seller. Hahaha!
Hi Jo, I am in a tight spot and need some local help...I have a cute house in Bremerton, however I got married 3 months ago and laid off 2 months ago. My husband and I live in his house and can no longer afford the house that I own. I want to take advantage of a deed-in-lieu process through my mortgage company but I have to have a listing agreement. This forum and many others discuss exclusive buyers agents, but is there any way to list a property without any expectation to sell? I do not want to make ANY money off of this property, just get rid of it without significant costs to me. I don't need an agent to advertise or anything, just provide me with a listing agreement. Is that even possible? Thank you! (oh, and renting it out is not an option. I do that now and I still lose so much money every month that I am drowning)
Stephanie,
Please send me an email directly
jo [at] westsoundlive [dot] com with your number and I can call you to discuss your options.