House prices in Newtown have come down a total of 15.11% in 2007 and 2008.
There are short sales available for sale, as well as pre-foreclosure and foreclosure properties.
Contrary to what you hear on the news, people CAN get mortgages and homes are beginning to sell again.
If you currently have equity in your home, great credit and have outgrown your exiting your home, you should definitely consider moving up to a larger home.
A home worth $300,000 that increases in equity at 1%/year would be worth $303,000 - a gain of $3,000 in equity after one year.
A home worth $500,000 that increases in equity at 1%/year would be worth $505,000 - a gain of $5,000 in equity after one year.
A home worth $300,000 that increases in equity at 3%/year would be worth $309,000 - a gain of $9,000 in equity after one year.
A home worth $500,000 that increases in equity at 3%/year would be worth $515,000 - a gain of $15,000 in equity after one year.
So, if you've been waiting for the "right time" to move up to your next home, the time has come. Contact a Realtor and get movin'.
If you have any questions or if you would like us to assist you with moving up, please feel free to email us.