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Wednesday, February 27, 2013

In a changing market evaluate the cost of waiting to buy a home...

Buy, sell or hold?  That is the question many have asked themselves over the past five or so years when considering the real estate market. 

The market now appears to be on the rebound.  An article in the Florida Today newspaper this morning proclaimed...

So should you continue to wait out the market?  What does it cost to wait a little longer anyway?

There is always an “opportunity cost” in anything you do or not do.   It is what you are giving up by staying put instead of moving in another direction. 

Some are holding out longer with the hope of getting more for their current houseThen they will buy that larger home.

But the cost of the replacement will also be higher with potentially higher mortgage payments (especially if the rates start to climb from their near record lows).

Is it time to get off the fence?

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