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.
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.
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