I get asked this question all the time. Typically the first thing that is said is Mr./Mrs. Seller doest want to lose money on the sale of their home as the value is lower than what it was just a few years ago. Lets assume the market is down but 15% as a whole an their home was worth $200,000. 15% decrease would be $30,000 “loss”. Mr./Mrs. seller is now going to buy a $350,000 home in a market that is still 15% down. 15% down from $350,000 equates to a $52,500 saving on the purchase. So, they “lost” $30,000 on the sale but saved $52,500 on the buy which still works out to be a $22,500 net savings. Financially it makes sense…..
