is foreclosure a good idea
Sell current starter home at a loss to get a good bargain on a larger house… good idea?
Live in Ohio – very serious foreclosure problems here so I certainly do not want to fall victim to any of that….
I live in a nice small starter home since 2006… some have suggested that I should sell this home, even at a loss, to get a better deal on a larger home that would be more in line with long term living, having a family, etc…
Although I do not like the idea of losing money on my current house, it does make sense that the current market has people selling some nicer homes that would potentially be a bargain and I could get more house for my money…
Is this sound advice or should is building equity in my current house a more sound decision?
Thanks for all input
Go and research in the Area.., if you really think you are getting a steal deal and can compensate your losses with the current house. you can consider buying the new one while selling the current one…….
