Bill Thompson Dallas/Ft. Worth area Real Estate

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Bill Thompson, REALTOR®

Selling In A Buyer’s Market?

Yes, selling in a buyer’s market can be a great decision if you are moving up. Consider the following examples.

If we have a market that is neither a buyer’s or seller’s market and you are selling a home for $150,000 and buying a home for $250,000 this is considered “moving up”.

If you make that same move up in a buyer’s market you might get 10% less ($15,000) for your home but save 10% ($25,000) on the new home. That is a $10,000 net gain to you. So, yes indeed, selling in a buyer’s market is a great idea!

Even if you were buying another home at the same price as the one you are selling it could still work out. You are likely making this kind of move to be closer to work or schools, etc. If you get 10% less for your home but save 10% on the one you buy it is still worth it since you now save gas money on your commute to work, school, etc.

Contrast these examples with waiting until it is a seller’s market. Sell that same $150,000 home for 10% ($15,000) more, but you have to pay 10% ($25,000) more for your new home. That is a $10,000 net loss for waiting for a seller’s market to sell your home.

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