


Looking to Sell and Buy in Portland this year.
Here are a few reasons it might be a good idea to trade
in your smaller home for the next size up.
Selling your house in Portland in 2010 won't be
impossible. Actually provided you have the equity
needed to pay off your mortgage it could be financially
gainful. If you are moving up from a smaller home to a
more expensive home you may be in better shape
than if the market was hot. Here's why.
1. The first time home buyer market is hot. The more
expensive larger homes are cool.
The new federal stimulus packages and tax credits have created
prime conditions for first time buyers increasing demand and
driving or maintaining prices. The market for larger homes has
suffered and prices have declined more. This means you sell for
higher and buy for less! When the market improves the
difference between a larger home and a smaller home will grow
making a move more expensive.
2. Interest rates are historically low.
When you upgrade to a bigger home you usually plan to stay for
a while. For this reason it is even more important to lock in a
good interest rate. Buying now when rates are low can save
thousands of dollars.
Chris Love Licensed Principal Broker John L. Scott Real Estate 4111 SE Woodstock Blvd 503-775-4699x103
Cell: 503-957-6087 Direct: 503-788-7103 503-775-4699x103
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Selling your home
in Portland, Oregon
PortlandSellers.com