Move Up Buyer

The current market represents an interesting opportunity for folks with a smaller home interested in moving up to a larger home or a home with more property. Since prices have come down, it may not seem like the best time to make a move. Selling your current home right now surely won't bring the kind of sales price it would have just two years ago.

So, why would you want to make a move now. The answer can be found by digging deeper into the home sales numbers for the area. Stimulated by lower interest rates and the First-Time Home Buyers credit, many homes priced below $200,000 are selling relatively quickly and prices in this price range have started to stabilize. As of June of 2009, these more rapid sales numbers have began to climb to home priced up to $250,000.

Many Move Up Buyers would be selling homes in this active price range. Although this might not be the same sellers market that existed two years ago, you will be selling a home in the hottest market going!

On the contrary, homes priced over $250,000 are selling relatively slowly and those that do are often selling at measured discounts. Sellers above $250,000 who face circumstances pressuring them to sell will potentially be forced to sell well below their initial asking price. As a result, THIS MARKET REPRESENTS AN EXCITING OPPORTUNITY FOR MOVE UP BUYERS!

You may take a bit of a hit on the sale of your current house, but you will likely see a larger margin on your new home. With todays interest rates, you have the possibility of purchasing a higher home value while maintaining the same level of monthly payment.

Take a look at the latest market report for details on what is selling