Trading up in today's real estate market can be a smart investment. Many sellers are hesitant to sell as they fear they will have to sell for a low sales price. If you are in a position to sell your home, please study the chart below, it may surprise you. You are actually swaping equity.
By swapping equity, you can sell your current house and move up to a larger home which you have been wanting anyway, and have the ability to gain equity. As in the example above, if you sell for 5 percent less, and purchase for 5 percent less, you actually gain equity.
Many real estate investors use this same strategy. Going one step farther, lets say that in a few years, the real estate market rebounds and your home appreciates by 10 percent. Your first home would appreciate by $19,000 and your move up home would appreciate by $38,000. By buying the move-up home and swapping equity, you can improve your net worth. According to recent statistics, an average indiviual's net worth has over 60 percent of that net worth invested in their homes. Don't miss this great opportunity to move up and trade equity!
If you need information on buying a home or selling a home in the Sumner, Robertson, Davdison or Cheatham County areas, including Goodlettsville, White House, Hendersonville, Springfield and Pleasant View, Tennessee, please visit my home page to get started on searching for homes and getting valuable information on buying or selling your home.
Chart from the Book "SHIFT" by Gary Keller