Have you out grown your Spring Texas house? Do you want to trade up but the economy keeps holding you back? If you are financially secure and are comfortable with the status of your job, then now is a great time to trade up.
The buy-low, sell-high approach works for the stock market and for the Spring Texas real estate market. The best time to buy is when inventories are high and the best time to sell is when inventories are low. Our current listing inventory is 32% higher than last year making it the time to buy.
The disadvantage of selling your Spring Texas house in a down market is you are not going to sell it for as much money as you would like. But you will make up for it by getting a better deal on the higher priced home you are going to purchase. Homes in the $400,000+ range have been taken a beating and there are some really good deals available.
With record low interest rates, that more expensive house will cost you less now than if you wait for the economy to fully recover. When the economy begins to show life and upward movement again, mortgage interest rates will be following right behind and moving upward.
Trading up in a down economy is not right for everyone. But if your job status is stable, trading up in a down economy is a smart financial move.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less