Quote:
Originally Posted by Realtor 1
My advice,
The higher the value, the more difficult it becomes to sell. We live in a rich city however the buyers looking for 400-700 greatly outweigh the million dollar + buyers.
If you are in a position of needing a new lifestyle or larger space....make the move. DO NOT sell your place to upgrade simply because it is worth 25% more than you paid. You will pay 25% more on the more expensive property.
Move to fit your lifestyle, not the market!
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The fact that $400k to $700k is now the benchmark makes me cringe a little (I guess that is for SFH -- there are still the condos and townhouses I suppose)...