Ellicott City Realtor Catonsville Realtor

Facebook friends, to see the complete post, click here.

It is evident that we are in one of the toughest Real Estate markets in several decades.    But, if you really think about it, it's the best time to sell your home.    The reality is that home values have fallen significantly over the past 24 months.    This creates a tremendous buying opportunity for those that are looking to purchase a new home.    If, like most Americans, you are interested in buying up to a larger home, this means you are in the perfect situation.    Any mathematician will tell you that the percentage of a larger number is greater than the percentage of a smaller number.    This holds true in Real Estate as well.

For example, you may be selling your current 2000 square foot home that would have sold for $250,000 a year ago and buying a 3000 square foot home that would have sold for $500,000 a year ago.    According to the April 2009 S&P/Case Shiller home price index, home prices have declined 18.1% nationally vs. a year ago.    Based on these numbers, our homeowner would sell his current home for $45,250 less than one year ago and pay $90,500 less for the new home.    This is a savings of $45,250 compared to the same upgrade in housing a year ago:

This is why it is a great time to sell.    Homes that are currently listed at a price that is realistic for today's market and not "what they could have got a year or two ago", are selling quickly.    Too many sellers think they need to net more out of the sale of their home to move on, when actually they  don't.    We will always see fluctuation in Real Estate values, like any other investment.    The good news is that it's all relative if you are selling and buying another home.

So don't sit on the sidelines waiting for the "bottom".    Don't let the market or the media dictate when to sell your home.    Do it when it's right for you, because after all it's your financial future.    Take advantage of the opportunities of a difficult market.

This article was written by one of the Mortgage Bankers I work with:  Robert Reilley of Vision Mortgage.  He shared it with me and I couldn't help but to get his permission to share it with you.  He goes beyond the headlines of a "down market" to show that things are not always what you hear.

Robert has always been known to go the extra mile, taking a look at their entire financial picture to determine which mortgage is best for them.

Robert has been my trusted partner for many years, always having honesty, integrity and getting the job done.  To reach him directly, visit Vision Mortgage Capital.

Visit my website at www.timsellshomes.com.