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I've been working with a few folks lately that are considering this time in the market as an opportunity to trade up to a larger home.   The numbers make sense.
 
If home prices dropped by 5%, here is what it would look like if you decided to trade up:
 
 
                               Home Price: $200,000                        Home Price: $400,000
                               Sell at $190,000                                    Buy at $380.000 
                               Loss = $10,000                                     Savings = $20,000
 
The smaller loss at sale will be compensated for by greater savings at purchase, resulting in a significant net gain.
 
If you have been considering a trade up to a large home, consider your numbers and if this is the right time for you.

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