We’re in the midst of a perfect storm in the Triangle market right now. You can sell your house high and buy your next home low, but this chance won’t last much longer.
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There’s a great opportunity in the Triangle market right now: you can sell high and buy low.
As you know, this opportunity works in almost any market, but it’s rarely available in residential real estate. Some people had the chance to sell high and buy low in the past by selling their home here and moving to a slower market, but it’s rare to have the chance to do it all in the same area.
Here’s the formula.
If you own a house that’s in the $400,000 and under price range (even $500,000 in some cases) and you sell it, you’ll be selling in a seller’s market. That’s the sell high part. If you turn around and buy a home in a higher price bracket, you’ll be looking in a buyer’s market. Now’s a good time to think about adding this to your portfolio and getting a great house all at the same time.
One final thought is that interest rates are still incredibly low, but they’ll surely go up as the economy improves. We’d love to help you take advantage of this perfect storm in the Triangle market before rates go up again!
If you have any questions for us or you’re interested in buying low and selling high, don’t hesitate to give me a call today. I’d love to help you!