Upsize My House!

OK, so the market isn't turning over as rapid as it has been in the past! Big deal! Let's take a look at the bigger picture. We have lots of buyer's inventory. The interest rate is still hovering in the lowest range it has been for the last 20 years or so (somewhere between 5-6% interest rate for a 30 year mortgage). Buyers quit waiting for it to be a better time to buy!!! You've got a line of every type and shape of house on the market. Sellers are very motivated to get their homes sold so get qualified for a home loan, go looking, and make an offer. But please be serious about making that offer so you don't waste your Realtor's time. You will get a little discount but not pennies on the dollar! At least not in Texas anyway! If you wait much longer, you will miss the boat all together and we will be on the way back to a seller's market.

If you have a smaller house to sell and are trying to get a bigger one for about the same money, this would be the best time to go for it. You still might take a little hit on your sale but you will more than gain it back on the house you are buying at a lower amount than the normal market. The market always swings back to normal and get back to a stability mode. Also if you watch the studies done particularly in Texas by the Texas A & M University real estate group, we are still gaining at least somewhere between 2.5-5% appreciation a year (even with it being a little slower than usual.) So why are you waiting to put in your order to "Upsize" My House?