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Buy and Sell Now |
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I bought my first condo five years ago for $187,00. I upgraded the kitchen and bathroom for about $45,000 over the last few years. Now I owe $196,000 but homes prices have dropped significantly in the current market. I want to move back to CA because I can't stand the winters anymore. And, home prices are lower than they will ever be again in CA so it is very tempting to buy now. Should I sell at a loss now to get the deal on the other end or wait it out if I don't have to move so I can get a better price when I sell my condo? |
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If you wait to get a better price for your condo, prices will also have risen in the area you want to move to.
Besides, interest rates are rising. |
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Edith
Originally published on June 5, 2009 |
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