Should I sell and buy a new home in a buyer's market ?

If you plan to buy a more expensive home, a buyer's market is the perfect time to sell your existing home and purchase that dream home you've always wanted!

Example: 1)As an average the real estate market is down 50%. So when you go to sell your home that use to be worth $500,000 you can expect to get $250,000 less than what you expected to get 5 years ago. However the $1,000,000 home that you want to buy is now $500,000. The seller of the more expensive home has lost $250,000 more in value in the buyer's market so you have a net gain. Also with Property Tax Portability, you can transfer the property tax discount that you have accumulated with the Save Our Homes program to your new house !!

2) You own a single family home and would like to down size to a condo or townhome. Experts believe that there are many years of inventory in the condo market. Whenever there is too much inventory that puts downward pressure on price. This market has lost 50-75% in value, so once again you have a net gain, to downsize in a buyer's market.