Buyers: When You Also Have a Home to Sell

It’s Buyer’s Week at the Greater Hartford Real Estate Blog. We’ve talked about the current opportunity, importance of mortgage preapproval, and trading up in a down market. Many would-be buyers already own a home … a home they have to sell in order to buy a new one. Buying a new home while also selling an existing home can be a tricky situation. The biggest question is the order in which the sale and subsequent

Buyers: Trade Up in a Down Market

Buyer’s Week continues at the Greater Hartford Real Estate Blog, building on Monday’s look at the current opportunity and Tuesday’s suggestion to start with the mortgage. Check back each day for another post specifically for buyers. A real estate market with falling prices is actually a very good environment for trading up to a larger home – if you can overcome your fears. Consider a simplified example. Suppose home prices have fallen 10% from their