Quote:
Originally Posted by DementedReality
so ... for a guy with a house in the NW, considered a slighly better than entry level type of house, with about 50% equity.
we want to upgrade ... sounds like a good time to buy, bad time to sell though.
advice on how to not get killed?
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Well you have to consider the absolute number of dollars it will cost you to make the upgrade. Generally in a down market you can move up assuming that percentage drops are consistant through all segments. Whereas in an appreciating market it makes sense to down grade and take your profits.
Figure out what the places you want to get into will cost, where they are now verses a set of time bench marks. Than compare your place or similar places using those same points in time. With that you should be able to see how the market for your house has changed verses the market for the upgraded places. Figure out the absolute cost difference at all your bench mark times...and that should help you determine where it's heading and if it's something to look at.