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If you are thinking about trading up – moving from a lower priced home to a higher priced home – this might be the best time since literally World War II to do that.

Prices across all price ranges in the greater Canton, Northville, Novi and Plymouth Michigan real estate market have DECREASED – something we’ve never seen in this market in modern times – and there are incredible bargains to be had everywhere you look.

An Example

Here’s a simple mathematical illustration of how you can take advantage of the depressed market to move up and save a bundle. Let’s assume you live in a house that was worth $200,000 before the market dropped, and you’re looking to move up into a home that would have been worth $500,000 before the market went down. And let’s assume that the value of both homes – the one you live in now and the one you hope to buy – have decreased by 20% since the market declined.

Here are how the numbers shake out:

* What you “lost” in terms of the equity on your home: $200,000 x 20% = $40,000 “loss”

* What you “gain” in terms of a lowered purchase price on your future home: $500,000 x 20% = $100,000 “gain”

* Net benefit to you: $100,000 “gain” minus $40,000 “loss” = net benefit of $60,000!

That is a DRAMATIC benefit to you!

People get so caught up in all the negativity that they lose sight of the simple economic reality: for MOST people, decreases in property values are a GOOD thing, because MOST people are always looking to upgrade. This is the optimal time to do just that.

Take advantage of these down times, because they won’t last forever…