Should i sell my house or wait ?

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hi, Would it be wise to sell a small house to upgrade to a larger home in this economy? For me, I would like to sell my house and perhaps buy something alittle larger, with more land. I have owned my home for 9 years, and owe about 70,000. it is worth about 235.000. i was thinking of upgrading to about a 275.00 home..

what are your thoughts on this…

thank you in advance.

3 Comments
  1. Reply
    Veritas et Aequitas (Luke 6:37)
    November 10, 2011 at 6:01 am

    Do what makes you happy.

    You may have to reduce price to make a sale but remember you are getting a good deal on your new home, more than likely, so it balances out.

  2. Reply
    Southern Gentleman
    November 10, 2011 at 6:18 am

    Put it on the market and see what happens, you do not have to accept any offer you don’t like.

  3. Reply
    Ed Atun
    November 10, 2011 at 7:10 am

    No one can predict the future so we are all guessing. If the President lowers the mortgage rates to 3.5%, sales could take off again. If everyone keeps losing their jobs, sales could plummet.
    I say go ahead and sell your house. But be open to the possibility that it is worth $ 185,000; but that the house you thought was worth $ 325,000 can now be purchased for $ 275,000.

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