Comments on: East Bay Real Estate Tips For Selling Your Home - TODAY! http://www.eastbayrealestate.com/sellers/east-bay-real-estate-tips-for-selling-your-home-today/ Wed, 07 Jan 2009 17:28:29 +0000 http://wordpress.org/?v=2.6.2 By: Jim Walberg http://www.eastbayrealestate.com/sellers/east-bay-real-estate-tips-for-selling-your-home-today/#comment-157 Jim Walberg Thu, 13 Mar 2008 04:26:59 +0000 http://www.eastbayrealestate.com/uncategorized/east-bay-real-estate-tips-for-selling-your-home-today/#comment-157 Thank you, Kevin, for your insightful comments. If we can get sellers to understand that they need to become buyers ASAP the core of the East Bay real estate market will have an immediately change. Purchasing a home is not just an investment, it is the home that will be the center of the memories of a family. It will create tax assistance. When it is sold there are more tax advantages. Contract the services of a professional Realtor to assist you with this process NOW! Interest rates and prices are ripe for great values. If you wait much longer the bounce upwards will be too late for those who are "waiting for the bottom". Thank you, Kevin, for your insightful comments. If we can get sellers to understand that they need to become buyers ASAP the core of the East Bay real estate market will have an immediately change. Purchasing a home is not just an investment, it is the home that will be the center of the memories of a family. It will create tax assistance. When it is sold there are more tax advantages. Contract the services of a professional Realtor to assist you with this process NOW! Interest rates and prices are ripe for great values. If you wait much longer the bounce upwards will be too late for those who are “waiting for the bottom”.

]]> By: Kevin Seney http://www.eastbayrealestate.com/sellers/east-bay-real-estate-tips-for-selling-your-home-today/#comment-156 Kevin Seney Thu, 13 Mar 2008 04:10:33 +0000 http://www.eastbayrealestate.com/uncategorized/east-bay-real-estate-tips-for-selling-your-home-today/#comment-156 Down Markets Create a Perfect Opportunity to TRADE UP! What many homeowners do not realize, is that during down markets, several dynamics create a perfect opportunity for you to improve your position significantly, if you are moving up in value. For example, if prices are down 20% in your local market, current home owners are discouraged with the decline in value, so many just wait to get more for the home they currently own before trading up. But, this is NOT necessarily the best advice. Look at this example of a trade up transaction: Your current home was worth $750,000, but has declined 20% or $150,000 and is now worth $600,000. Not the best news, but look at your $1,000,000 dream home: It was worth $1,000,000, but it also declined 20%, or $200,000 and is now worth $800,000. Do the math.... To trade up before, it would have cost you $250,000, but due to the 20% decline, now it costs you only $200,000 more to get the same home! You save $50,000! Here is another fact, if you are a long-term homeowner, it always pays to own your own home, and regardless of market values, when you trade up, it is better to do so in a declining or buyers market. Greater selection, and more negotiation options. There is also another market dynamic in your favor, when trading up... Many times, because of the fact that higher priced homes usually are sold to "trade up buyers," when markets are slow, they actually decline MORE than lower priced, entry level homes. THE RESULT: Even greater savings if you trade up now, going against market sentiments. Look at the DIFFERENCE in price, when trading, NOT the market or historic price. Right now rates are at all time lows. This will further benefit a long-term homeowner. Owning your own home is proven to be the single most important financial investment you will make in your lifetime. Kevin Seney, Founder & CEO Bug! Realty USA, Inc. www.bugrealty.com Down Markets Create a Perfect Opportunity to TRADE UP!

What many homeowners do not realize, is that during down markets, several dynamics create a perfect opportunity for you to improve your position significantly, if you are moving up in value.

For example, if prices are down 20% in your local market, current home owners are discouraged with the decline in value, so many just wait to get more for the home they currently own before trading up. But, this is NOT necessarily the best advice.

Look at this example of a trade up transaction:

Your current home was worth $750,000, but has declined 20% or $150,000 and is now worth $600,000.

Not the best news, but look at your $1,000,000 dream home:

It was worth $1,000,000, but it also declined 20%, or $200,000 and is now worth $800,000.

Do the math…. To trade up before, it would have cost you $250,000, but due to the 20% decline, now it costs you only $200,000 more to get the same home! You save $50,000!

Here is another fact, if you are a long-term homeowner, it always pays to own your own home, and regardless of market values, when you trade up, it is better to do so in a declining or buyers market. Greater selection, and more negotiation options.

There is also another market dynamic in your favor, when trading up…

Many times, because of the fact that higher priced homes usually are sold to “trade up buyers,” when markets are slow, they actually decline MORE than lower priced, entry level homes.

THE RESULT: Even greater savings if you trade up now, going against market sentiments.

Look at the DIFFERENCE in price, when trading, NOT the market or historic price.

Right now rates are at all time lows. This will further benefit a long-term homeowner.

Owning your own home is proven to be the single most important financial investment you will make in your lifetime.

Kevin Seney, Founder & CEO
Bug! Realty USA, Inc.
http://www.bugrealty.com

]]>