A Buyer’s Market is a Trading Up Market!

Falling Home Prices Provide Opportunities…

Falling home prices in the Truckee real estate market, including Tahoe Donner real estate and North Lake Tahoe real estate, provide great opportunities for confident homeowners looking to ”trade” up. Even though your home sale price may be lower, the smaller loss at sale can be compensated by greater savings at purchase.

If home prices dropped by 5%, here’s what it could look like if you decided to trade up:

Home Price = $200K                          Home Price =$400K
Sell at $190,000                                   Buy at $380,00
= $10,000 Loss                                    = $20,000 Savings

More now than ever we are hearing reports from Media spokespeople that “now is the time to buy real estate”.  If you are thinking about buying or selling your Truckee real estate, call us today for free advice.