Kim Blanton

Swapping Equity in Your Home

Many homeowners are faced with the realization that thier home is no longer appreciating in value.  In many cases, it has declined.  If you are trying to sell your Goodlettsville, Hendersonville or northern Middle Tennessee home, it will utimately be less painful and easier to sell, if you take the advise of your Realtor® and look at the market analysis he or she has given you.  What you could have sold your house for in, lets say, 2006  or 2007 is most often, not possible now. 

In the Goodlettsville and Hendersonville area of Tennessee, our peak time was in 2005 and 2006, and was a very good sellers market.  If you purchased your home during this time, and are trying to sell it now, you will most likely take a hit on your value. 

The good news is that if you are trying to sell your home now and are also in a position to buy a new home, you should be able to sell low and buy low, which will put you in a position of  ”swapping equity”.  Don’t fret over the value of your current home, look at the great opportunity you have to purchase that new or larger home for much less than you ever dreamed possible. 

Sellers who wisely choose to sell their homes at the current market value and don’t try and hold onto a ficticious value, will ultimately end up with the best value of all..a new and larger home for less money.

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