While it may seem counterintuitive to be suggesting you sell one house and buy another in a down real estate market, the fact of the matter is, NOW is the perfect time to trade-up to a larger home. As long as your employment is secure and your financial situation is stable, the current market is offering "the chance of a lifetime".

Below are Three Excellent Reasons To Trade-Up NOW.

Trading-Up = A Net Gain
Sell Low - - Buy Low
All boats rise and fall with the tide. In other words, even if you receive a somewhat disappointing sale price on the sale of your current residence, it will be more than offset by the attractive purchase price you will achieve on the purchase of a replacement/trade-up home. If you accept a sale price on your current residence that is 10% less than what you might have been able to receive two or three years ago, it is reasonable to expect that you will be able to purchase a larger, more expensive home for 10% less as well.

NOTE: The current "softness" in housing prices is not distributed equally across the entire spectrum of home prices. The fact of the matter is, homes higher on the price scale have experienced greater percentage declines in value. So, at the same time that you are selling your current residence for 10% less than a few years ago, you may be purchasing a larger (more expensive) trade-up home for 15% - 20% less.

The Bottom Line:
The 10% (or more) you will be saving on the purchase of a more expensive replacement home makes selling your current residence for 10% less a very smart move. - - You Win!

Very Attractive Mortgage Interest Rates
Think In Terms Of The Monthly Payment
Contrary to the news reports about troubled banks and "unavailability of credit", there is actually plenty of mortgage money available and it is being offered at historically low interest rates. If you have not refinanced your current residence recently, chances are the interest rate you will be offered to finance a larger replacement home will be significantly lower than the interest rate you are paying on your current mortgage.

The Bottom Line:
There is a good possibility that, in this down market with low interest rates, you might be able to trade-up to a larger home for only a few dollars more per month than you are currently paying. - - You Win!

Buyer's Markets Don't Last Forever
This Is A "Limited Time Offer" - Opportunity Is Knocking
Markets go up. And markets go down.
Ask yourself:

1. Have home prices declined significantly? - - -   Yes .
2. Will they go back up? - - -   Yes .
3. In the history of civilization, have real estate prices consistently appreciated over time? - - -   Yes .
4. Where will you be living when home prices go up again? - - -   ? ? ? .

• Make a well-timed financial move,

• And also affordably improve your quality of life.

© Copyright 2009 Bill Boeckelman Publications