You Can Sell Your Home in Today's Economy

As I was writing yesterday morning about the number of homes that were selling in the US, it is very possible for you to sell yours as well because there are three more groups buying.  Move up buyers are taking less for their present home but getting more equity in the new one they purchase.  How does that work?  When you sell a $200000 home for 20% less at $160000 and you buy a larger home at $400000 and get a 20% discount making it $320000.  Even though you feel you are losing $40000, you are gaining $80000 on the new house increasing your equity by $40000.  That is a no brainer I believe. Why don't people view it as such?  The feeling of losing is probably first and foremost in their mind.  They are not open to abundance concept only to scarcity mode. You may want more space or a different layout in a home and are not willing to add on a room or renovate your present situation.  Purchasing a new house is the answer. Some folks are renting out their houses and buying if they have the down payment available and using this as a retirement vehicle. Good strategy also.

A fifth group of buyers is taking advantage of the short sale opportunities occurring in the marketplace as we speak.  These are all sellers who have lost their jobs or unable to afford the homes they purchased and now are getting permission from their lender to sell for less than mortgage owed.  They represent a wealth of investment opportunity for the buying public and can be purchased for 20-30% under market value. You don't need cash or a certified check to buy these because the banks will lend through normal lending practices.  If you heard that they were difficult to purchase and steered away from them, you might want to reconsider this avenue.  Look for Certified Distressed Property Expert in real estate brokerage to help you as they know how to handle this scenario.

Another group buying now are young families who rented when they first married and are now expecting their first child and want a home to call their own.  The number of babies entering the world today is incredible and the baby boom is significant once again.  These young couples are looking to buy good values but they do want nice amenities in them.  They want granite, stainless appliances, hardwood floors and 2 story great rooms to complete an ideal house that they will invest in for the future.  Many of these couples have saved up good down payments and have excellent jobs so they are great buyers. We have so many opportunities in 2011 to start your real estate investment portfolio.   Waiting until the market gets better  is not a money making strategy nor is waiting until prices bottom out a right choice.  Now is right!