JL's Columbia SC Real Estate Blog: You Can't Buy Low and Sell High at the Same Time

You Can't Buy Low and Sell High at the Same Time

Columbia, SC Homes for Sale Like everyone else in the world, I too wish I could have it all. The truth of the matter is that it just doesn't work that way most of the time. So if you are planning on selling your current home and buying new home, you have to be aware of the fact that you can't buy low and sell high at the same time.

 If you are planning to put your home on the market in the hopes of buying a larger home at a reduced price,you have to be willing to accept that the house you sell will be at a reduced price as well. It's just way things work and if you think about it for a moment then it makes perfect sense.

Columbia, SC Homes for Sale The good news is that it usually balances out pretty well. In Columbia, SC the high end market is the market that's slow and has the most reductions. So what you give up in the sell of your current house you more than make up in the purchase of your new home. You may have to sell your house for $5,000 less, but you can get a new home for $20,000 less than you would have been able to at the height of the market.

 The best thing to do is take a close look at the market, price your house right, and do the math. You may give up a little on one, but you can really gain on the other.

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JL Boney, III - Columbia, SC Realtor - Coldwell Banker Residential Real Estate

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

Office- 803-788-1450     Cell- 803-730-9601     Email- James_Boney@Yahoo.com

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Comment balloon 10 commentsJL Boney, III • February 21 2010 08:49PM

Comments

JL ~ Great point! I hope this reaches the ears of those selling and buying..

Posted by Monique Hailer, South West Florida & Southern Maryland Homes (Schooner Bay Realty., Inc. & CENTURY 21 New Millenniun) over 8 years ago

This seems so logical and yet it's the hardest thing to get people to understand.

Posted by Susan Mangigian, Chester & Delaware County Homes, Delaware and Ches (RE/MAX Preferred, West Chester, PA, RS152252A) over 8 years ago

JL...

I think that this should just be common sense, but most sellers don't believe it. They think that they can get whatever they want for their house and then offer 50% of the list price on the house that theu want to buy!

Posted by Richard Weisser, Richard Weisser Retired Real Estate Professional (Richard Weisser Realty) over 8 years ago

Monique- I think it's solid advice.

Susan- Logical is always hard to understand. We're all human and we want it all.

Richard- Few people consider the other party in a transaction or an offer. They just want everything to go their way.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) over 8 years ago

Hey JL - you hit the nail on the head.  Maybe the emotional attachment of the house has something to do with it - everyone's home is priceless!

Posted by Alyce Martin, Albuquerque - THE Place To Be! (The Realty Group, LLC) over 8 years ago

Interesting Post! Good information, thank you for sharing an informative and helpful blog.

Posted by Brian L. Nelson, Seattle WA - Tacoma WA Home Inspector (AllTrade Home Inspection ) over 8 years ago

You are so right about this.  Why is it that Sellers want the "high dollar" for their "palace", but expect the next guy to "take it in the shorts" when a new purchase is made.  Greed and stupidity.

Posted by Tom Boos, Providing the very best of service to Sellers and (Sine & Monaghan Realtors, Real Living) over 8 years ago

JL ---- I have one ? for you -- why can't I buy low and sell high? Ha, Ha -- great points you make here.

                                                                   
                                                                  

Posted by Liz Loadholt, Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC (Liz Loadholt- AgentOwned Realty- Covering SC) over 8 years ago

Those who are serious about this are just so much fun, though, don't you think?

Posted by Marilyn Harrell, Wixom Lake - Beaverton MI (ReMax Riverhaven) over 8 years ago

This makes perfect sense. As we don't live in a perfect world some people wont get it. We can only hope.

Posted by Robert L. Brown, Grand Rapids Real Estate Bellabay Realty, West Mic (www.mrbrownsellsgr.com) over 8 years ago

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