It's true!  Although low interest rates, falling home prices, and great incentives have made it a buyer's market, it isn't all bad for sellers.  When home values were skyrocketing a few years ago, sellers were getting offers left and right, but they were also paying more when it came time to buy.  Of course now you need to be prepared to sell your home for less, but you have a great opportunity to make up for that when you buy.   This happens because the higher the price bracket you are searching in, the higher the discounts will be.  Call it the other theory of relativity. 

Consider a recent example from a client of mine.  We sold their home for probably $15,000 less than it would have sold for two years ago.  But, now we are looking at homes, mostly new construction, that are priced between $50,000 to $100,000 less than what they would have sold for two years ago.  They will more than make up for the hit they took when they sold their home.  Now, not everyone falls neatly into this scenario, especially if you have little or no equity in your home.  But, there are options for almost every situation.  I can help you understand what your best options are, both as a buyer and a seller, even if that best option is to just sit this one out. 

If you have any questions about buying or selling real estate in Utah, please contact me. I can be reached anytime on my cell phone at 801-520-2121. 

Sincerely,

BJ Stark, REALTOR®
Equity Real Estate