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Resale – A Key Element in your Future Plans


Resale – A Key Element in your Future Plans

For decades, conventional wisdom was that real estate would continue to increase in value (or, at least, it would not decrease). Under normal circumstances, a well purchased, financed, and maintained home will do just that. There are, however, no guarantees. If you are buying with the intention of selling within a short time or a few years, remember that real estate markets change, sometimes drastically, as we have seen in the last few years. If the market falls and you have to sell, your selling price may not cover your existing mortgage balance. Plan for all alternatives.