Resale – A Key Element in your Future Plans

Buyer’s Biggest Mistakes:

• Being the Lone Ranger
• Not Getting Pre-qualified or Pre-approved
• Stretching the Wallet Too Thin
• Buying on Impulse
• Letting your Emotions Get the Best of You
• Being Too Trustworthy
• Skipping the Fine Print
• Failing to Get It in Writing
• Sitting on the Fence
• Buyer’s Remorse
• It’s All About Neighborhood
• 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.