Search For Homes in Reno and Sparks

Worried about selling in this market?

Remember you sell in the same market you buy in!!!

Let's see your options:

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Your house was worth $200,000 and has depreciated at 10%. $200,000 x 10%= $20,000

Your house is now worth $180,000 so you lost $20,000

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Seems bad... but you want to move up at the same time.

Possible buying: $400,000 and has depreciated at 10%. $400,000 x 10%= $40,000

The home you want to buy is now $360,000 a $40,000 gain

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Gain due to buying:  $40,000

Loss at selling:        -$20,000

Overall gain:            $20,000

Most people think it's a bad idea to sell in a buyer's market. It all depends on what you want to do after the sale. For those wanting to move up to a bigger or more expensive home the time couldn't be better.