Excerpt from: Eastern CT Real Estate
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| April 14, 2008 | | It's a great time to move up in Connecticut! |  Sellers aren't very happy these days. As a New London Day article reported last week, homeowners in New London County lost an average of $22,000 of equity in the past year. This is really good news if you are planning on selling your current home and buying a bigger and better one! Think of it like buying a new car. You take your old junker to the car dealer for a trade in. The salesman will tell you what your old car is worth. BUT IT DOESN'T MATTER. All you care about is the difference between the value of your old car and the value of your new car. ARE YOU WITH ME? If you are unhappy because your current home isn't worth what you hoped, think about how the seller of the home you want to buy feels. If his house is bigger and better, he's losing more than you are! That's good news for you because all you should care about is the price difference between your old home and the one you want to buy. And the difference could be less now than ever! Get it? AND with interest rates at historic lows, this very well may be the best time to consider moving up! *Analogy alert! This blog post does not mean to imply that your current home is a junker. | | | |
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