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How do you know if its the right time to sell?

Ask yourself.. Are you looking to buy a bigger house? or Are you downsizing and looking for something smaller?

Moving up to a bigger house makes sense in todays market. The concept is simple. Let me give you an example.

Say you think your house is worth 300,000 and you want to buy the house of your dreams that might have been worth 800,000. The only problem is you don’t want to lose money due to a 20% decrease in housing values.

BUT if you think about it, it makes sense to take a 60,000 dollar loss on your 300,000 house today and get a 160,000 dollar discount on your 800,000 dollar dream house.

On the other hand.. If you are thinking about downsizing you should probably wait unless you absolutely need to sell.

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